Feb 13, 2020
Century Casinos (NASDAQ: CNTY) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “We raise 4Q19 EBITDAR/EBITDA to account for ~25 days inclusion of its closed acquisition of three domestic casinos: Cape Girardeau, Caruthersville and Mountaineer. Our CY21 estimates infer shares trade for 3.9x and 5.3x CY21 EV/EBITAR and EV/EBITDA, respectively. Our estimates do not include expected market access or guaranteed per annum fees for its three sports wagering licenses in Colorado (or remuneration from likely online gaming approval in MO), all of which would push peer-low valuation even lower. Reiterate Buy.”
To request access to the full report, visit http://nnw.fm/DXCr3
About Century Casinos
Century Casinos, Inc. is an international casino entertainment company that operates worldwide. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino in Cape Girardeau and Caruthersville, Missouri; in Calgary and St. Albert, Alberta, Canada and in Bath, England; Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia, the Century Mile Racetrack and Casino (“CMR”) in Edmonton, Alberta, Canada; and Century Bets! Inc. (“CBS”). CBS and CMR operate the pari-mutuel off-track horse betting networks in southern and northern Alberta, respectively. Through its Austrian subsidiary, Century Resorts Management GmbH (“CRM”), the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the operator of eight casinos throughout Poland; and, a 75% ownership interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. The Company operates five ship-based casinos. The Company, through CRM, also owns a 7.5% interest in, and provides consulting services to, Mendoza Central Entretenimientos S.A., a company that provides gaming-related services to Casino de Mendoza in Mendoza, Argentina. The Company continues to pursue other projects in various stages of development. For more information, visit the company’s website at www.CNTY.com.
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