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Fly News Breaks for February 25, 2020
Feb 25, 2020 | 08:55 EDT
Roth Capital analyst David Bain says investor meetings with Century Casinos co-CEO Peter Hoetzinger strengthened his conviction for share price appreciation in both the near- and long-term. Better than forecasted trends at the recently acquired Eldorado properties, a near-term divestment of its U.K. casino and the incorporation of multiyear Colorado sports wagering license minimum guarantee deals could drive upward revisions to 2020 estimates, Bain tells investors in a post-meeting research note. Further, the meetings also underscored Century's focus on deepening its U.S. presence while continuing to maintain low net leverage, adds the analyst. Bain keeps a Buy rating on Century Casinos with a $14 price target.
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