sports betting in Colorado<\/a>, where the company operates a pair of gaming properties bearing the Century name.<\/span><\/p>\n\u201cWith three of the state\u2019s 33 casino licenses, CNTY will be able to operate or sell the sports licenses,\u201d said Beynon. \u201cSports could provide ~3-10% growth.\u201d<\/span><\/p>\nOther Catalysts<\/span><\/h2>\nHeading into 2020, Century has multiple tailwinds, including the ability to bolster free cash flow (FCF). Beynon believes the three properties acquired from Eldorado Resorts could add as much as 21 cents per share in FCF for Century.<\/span><\/p>\nWith a solid balance sheet, the company could pursue other acquisition opportunities that could expand its domestic portfolio.<\/span><\/p>\n\u201cWith traditional leverage at ~2.2x (lease-adjusted of 4.1x), CNTY still has M&A opportunities, particularly if they choose to partner with a real estate investment trust,\u201d said Beynon. \u201cIn Nov 2017, CNTY raised equity at $7.50, and we believe CNTY remains open to all financing options.\u201d<\/span><\/strong><\/p>\nCentury partnered with Vici Properties on the deals to buy the aforementioned Eldorado venues.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Shares of Century Casinos, Inc. (NASDAQ:CNTY) rallied Thursday after an analyst initiated coverage of the micro-cap company with a bullish rating, noting that the operator of two Colorado casinos is among the most attractively valued in the regional gaming space. In a note provided to Casino.org, Macquarie gaming and leisure analyst Chad Beynon started coverage […]<\/p>\n","protected":false},"author":46,"featured_media":122133,"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 Casinos Shares Surge on Bullish Analyst Note<\/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