2024.07.17
mgm grand to ellis island casinoThe 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. Century Casinos (NASDAQ:CNTY) stock soared 22.12 percent this week after the regional gaming company easily surpassed second-quarter earnings and revenue estimates. (Image: Chicago Mayor’s Office/Facebook)The new deadline is Oct. hard rock casino hotel(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. Century Casinos’ Cape Giraradeau, Mo. acquisitions 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.hard rock casino northern indiana the downstream casinoresorts casino website29. That prompted at least one analyst to say there’s more upside available with the already hot shares. In the case of Century, it appears as though the company can operate in leaner fashion as business normalizes. pictures of black oak casinoChicago Mayor Lori Lightfoot speaks at a July 15 groundbreaking for a new park facility. As Stantial notes, second-quarter adjusted EBITDAR at those venues was double what it was in the same period in 2019, with slot and table game volumes at historically high levels.Century recently landed approval to bring the Caruthersville riverboat ashore, and is planning a large-scale hotel expansion at the venue.Other Catalysts for Century StockWith .2 million in cash and no debt maturities before 2026, Century could be a player in mergers and acquisitions in the US later this year — something analysts have discussed for some time. On Friday afternoon, the mayor announced the deadline to submit a proposal for the city’s casino opportunitymgm casino 4 has been extended until Oct. fanduel casino online michigan golden nugget casino in atlantic citycasino near me knoxville tnIn April, when city officials released the request for proposals for the development project, they requested documents by 2 pm CT on Aug. acquisitions 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 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. 29 at 2 pm CT. On Friday afternoon, the mayor announced the deadline to submit a proposal for the city’s casino opportunitymgm casino 4 has been extended until Oct. ition on behalf of the workers who filed NLRB complaints that Red Rock’s action were “so serious and substantial in character” that a fair election in the future cannot be held. free slot machines online with bonus rounds fanduel casino offline |