2024.07.18
downstream casino stay and play“Strength in the consumer, in the US and international appears to have continued into July, though visibility thereafter remains limited as savings/stimulus potentially unwind.”Stantial rates Century a “buy” with a price target, implying upside of 38.7 percent from the Aug. Chicago Mayor Lori Lightfoot speaks at a July 15 groundbreaking for a new park facility. venue. 5 casino depositacquisitions long-term) and an attractive capital deployment opportunity in Missouri, which could help re-rate CNTY closer to regional operator peers,” adds Stantial.The analyst says Century is talking with three suitors regarding the Poland casinos, and a sale will be accretive to the operator’s valuation.The stock is up 114.24 percent year-to-date.Century Stock Has Sustainable TrendsAs is the case with so many gaming companies, particularly regional operators, Century employed cost-cutting measures immediately following the onset of the coronavirus pandemic, leading to significant margin expansion.Now, analysts and investors are pondering the sustainability of those moves. are bolstering the case for the stock. riversweeps online casino sign up free online poker zyngaisland resort and casino island clubCentury Casinos’ Cape Giraradeau, Mo. The second quarter ended on June 30.CNTY’s international assets were closed for most of Q2, though initial results post-opening outpaced expectations, while regional gaming demand in the US remained robust,” said Stifel analyst Jeffrey Stantial in a note out Friday. Should the NLRB agree that Red Rock violated employee rights, Overstreet recommends remedying the issue by casting votes on behalf of workers based on “employees’ past signing of cards authorizing the union to represent them.”Overstreet concludes that “is the best measure of whether they wish to be represented by the union.”12 slot casino(Image: KFVS12)The Colorado-based operator reported adjusted earnings before interest, taxes, depreciation and amortization of .2 million on net operating revenue of .2 million for the June quarter. 29. In the case of Century, it appears as though the company can operate in leaner fashion as business normalizes. wotif gold coast casino the resorts casino las vegasnearest casino to chattanooga tnacquisitions long-term) and an attractive capital deployment opportunity in Missouri, which could help re-rate CNTY closer to regional operator peers,” adds Stantial.The analyst says Century is talking with three suitors regarding the Poland casinos, and a sale will be accretive to the operator’s valuation.That could be to the benefit of shareholders.“Management’s commentary on sustainable operating trends was encouraging, as they believe most changes made to the operating cost structure should prove permanent, with adjusted EBITDA remaining well above pre-COVID levels, even as operations ‘normalize,’” said Stifel’s Stantial.Century’s namesake venues in Cape Gircasino near me directionsardeau and Caruthersville, Mo. Century Casinos (NASDAQ:CNTY) stock soared 22.12 percent this week after the regional gaming company easily surpassed second-quarter earnings and revenue estimates. Should the NLRB agree that Red Rock violated employee rights, Overstreet recommends remedying the issue by casting votes on behalf of workers based on “employees’ past signing of cards authorizing the union to represent them.”Overstreet concludes that “is the best measure of whether they wish to be represented by the union.”Adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) beat the consensus estimate by 36 percent.Century’s impressive results underscore strength in the company’s US operations, because its casinos in Canada and Poland — two of its marquee international markets — were shuttered for most of the quarter. (Image: Chicago Mayor’s Office/Facebook)The new deadline is Oct. morongo casino direccion aliante casino steakhouse |