eight casinos in Poland<\/a>, taking a step in the right direction to get operations back to normal. That’s pivotal, because some analysts say the company’s cash position is stretched.<\/p>\n<\/div>\n\u201cThe company’s current liquidity position is somewhat stretched relative to those of its peers, in our view, as net of cash needed to reopen the business, we estimate the company could endure a zero- revenue environment for an additional four months (August 2020),\u201d said Stifel analyst Brad Boyer in a note obtained by Casino.org.<\/i><\/p>\nRelief on the Way<\/h2>\n
With the sports calendar beginning to add some meat, Century can start capitalizing on its Colorado internet sports betting licenses. Though it’s not immediately clear when the state will allow land-based casinos to reopen.<\/p>\n
The company has three other domestic venues \u2013 two in Missouri and one in West Virginia. Show Me State casinos have the green light to restart on June 1, while the Mountain State is expected to follow suit on June 5.<\/p>\n
\u201cAll told, we like the convenience-oriented nature of CNTY’s properties and expect the business to prove resilient on the other side of COVID,\u201d said Boyer.<\/strong><\/p>\nHe has a \u201cbuy\u201d rating and $12 price target on the stock.<\/p>\n","protected":false},"excerpt":{"rendered":"
Century Casinos (NASDAQ:CNTY) is adding to its sports betting offerings in Colorado. It has announced a partnership with bet365 that will see the companies offer offer internet and mobile sports betting in the Centennial State as the sports calendar increases following the coronavirus shutdown. The deal with bet365 is for the second of Century’s three […]<\/p>\n","protected":false},"author":46,"featured_media":136428,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[],"acf":[],"yoast_head":"\n
Century Casinos Lands Another Coloardo Sports Betting Partner<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n