sale of its Poland assets<\/a> and the possibility of bolt-on purchases in the US, Century is seen as a catalyst-rich story among analysts. The company previously said it could go shopping for attractively priced domestic regional casinos in the back half of this year.<\/p>\n<\/div>\n\u201cThe catalyst path to re-rate higher looks rich, with a Poland sale and further US acquisitions both potential 2021 events,\u201d said Wieczynski.<\/p>\n
In the US, Century’s roster consists of casinos in its home state of Colorado, as well as Missouri and West Virginia. As of Dec. 31, 2020, the company had $63.4 million in cash and cash equivalents on its balance sheet. That stockpile increased $8.6 million in a year.<\/strong><\/p>\nBullish Outlook<\/h2>\n
Century management noted margin expansion trends can prove long-lasting, and it’s optimistic that as more folks in the 55-and-up age demographic receive COVID-19 vaccinations, traffic trends at its US properties will continue improving.<\/p>\n
\u201cManagement noted Q1 results in the US are encouraging thus far, though February was impacted by ~7-10 days of adverse weather. CNTY’s US assets are likely pacing ahead of our prior model,\u201d said Wieczynski.<\/p>\n
Century stock could use the benefit of a strong recovery at domestic gaming venues, because, as Wieczynski notes, Canadian casinos could remain closed until April 15, and it’s possible the Poland properties are shuttered again<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"Century Casinos (NASDAQ:CNTY) stock surged 9.43 percent on Friday, racing to a new 52-week high. That came a day after the regional gaming company reported fourth-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) that beat Wall Street forecasts. On Thursday, the Colorado-based gaming company reported adjusted EBITDA in the October through December period of […]<\/p>\n","protected":false},"author":46,"featured_media":167208,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Century Stock Has More Upside on Margin, Vaccinations, Says Analyst<\/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