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aliante casino hotel rooms(Image: Colorado Springs Gazette)The Colorado-based gaming company owns 66.6 percent of an entity known as Casinos Poland Ltd., which runs eight gaming properties in that country. 31.Removing Overhang, Potential Catalyst for CenturyShould the gaming company divest its Poland interests, it could be a catalyst for the stock and remove negative overhang, according to one analyst.“Not only would a Poland exit remove a long-standing perception overhang, but we believe proceeds could also be put back into use acquiring assets in the higher multiple and more shareholder-friendly US regional market,” said Stifel analyst Steven Wieczynski in a note. However, the company still warned property closures would adversely impact its results through the first half of 2021.Wieczynski forecast that the Poland casinos would account for just eight percent of Century’s earnings before interest, taxes, depreciation, amortizacasino virginia beach“We estimate a sale of CNTY’s Poland exposure could be 15 percent accretive to the shares, is brian christopher marriedassuming a 5x sale multiple and 0.5x of core multiple appreciation.”In the third quarter, the Poland operations accounted for four percent of Century’s earnings before interest, taxes, depreciation and amortization (EBITDA). A day before the properties were to reopen, Century announced the casinos would remain closed through Jan. However, the company still warned property closures would adversely impact its results through the first half of 2021.Wieczynski forecast that the Poland casinos would account for just eight percent of Century’s earnings before interest, taxes, depreciation, amortizaborgata casino in las vegas hallmark casino gamesphone number for oxford casinoCentury Casinos (NASDAQ:CNTY) revealed it’s in discussions to sell its Poland gaming venues. Bristol received 71 percent support, Danville 69 percent, Portsmouth 67 percent, and Norfolk 65 percent.These properties are currently shuttered in accordance with the government’s COVID-19 protocols. 88 fortunes free slots casino31.Removing Overhang, Potential Catalyst for CenturyShould the gaming company divest its Poland interests, it could be a catalyst for the stock and remove negative overhang, according to one analyst.“Not only would a Poland exit remove a long-standing perception overhang, but we believe proceeds could also be put back into use acquiring assets in the higher multiple and more shareholder-friendly US regional market,” said Stifel analyst Steven Wieczynski in a note. Century Casinos (NASDAQ:CNTY) revealed it’s in discussions to sell its Poland gaming venues. 18. the hard rock casino lake tahoe bcslots live1 harrahs courtThe operator announced the talks yesterday in a Form 8-K filing with the Securities and Exchange Commission (SEC).Century Casinos disclosed that it is in preliminary discussions with Totalizator Sportowy, Poland’s state-run gambling operator, regarding a potential sale of its interest in Casinos Poland,” according to the regulatory document.The company said a definitive agreement hasn’t been reached, and that there are no assurances a transaction will be consummated.In December, the gaming company said it was shuttering its casinos in Poland, with the expectation that the venues would reopen on Jan. Bristol received 71 percent support, Danville 69 percent, Portsmouth 67 percent, and Norfolk 65 percent.“We estimate a sale of CNTY’s Poland exposure could be 15 percent accretive to the shares, is brian christopher marriedassuming a 5x sale multiple and 0.5x of core multiple appreciation.”In the third quarter, the Poland operations accounted for four percent of Century’s earnings before interest, taxes, depreciation and amortization (EBITDA). Now through February 22, companies interested in pitching the city can submit casino presentations. The company operates 2,150 historical horse racing machines throughout Virginia at seven off-track betting locations, plus its Colonial Downs racetrack.The Cordish Companies, based in Baltimore, has additionally expressed interest in Richmond. The city ultimately went with Caesars Entertainment.Danville, along with three other cities — Norfolk, Portsmouth, and Bristol — passed their casino referendums during the November 2020 election.Casino Bids PendingRichmond began its bidding period on December 28. live casino roulette poker table at casino |