Wall Street is enthusiastic<\/a> about Century stock, but $19 is an ambitious forecast. In roughly a decade as a publicly traded entity, the operator has only enjoyed brief moments trading above $10, never even touching $11, let alone $19.<\/p>\n‘Transformative’ Deal Could Happen<\/h2>\n
While Century is one of the smallest publicly traded gaming outfits in the US, its management team has a reputation for making shrewd deals, and Bain believes another such acquisition could be in the works, saying a \u201ctransformative\u201d transaction could be unveiled over the next six months.<\/p>\n
The analyst notes the combination of larger gaming enterprises either grappling with issues stemming from the COVID-19 pandemic, working to strengthen finances, focusing on iGaming and sports betting, or all of the above, is leaving some assets underpriced, perhaps positioning a company like Century to strike.<\/p>\n
\u201cCNTY is one of a handful of companies with the balance sheet capability to pursue such assets, which combined with a proven M&A record\/management and portfolio, that such an acquisition could leapfrog its current stock multiple\/shareholder base, in our view,\u201d said Bain.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Regional gaming company Century Casinos is on a tear from its March lows, surging nearly 466 percent over that span. But at least one analyst believes the stock has much more upside ahead, particularly if a \u201ctransformative\u201d acquisition comes to pass over the next several months. In a note to clients last Friday, Roth Capital […]<\/p>\n","protected":false},"author":46,"featured_media":152324,"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 Could Be Next Gaming Winner, Analysts Sees Double Potential - Casino.org<\/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