Why Century Casinos Stock Dropped 20.5% on Tuesday

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News 5 Cleveland

MGM reportedly eyeing potential sale of gambling interests at Northfield Park

NORTHFIELD, Ohio - MGM Resorts International is reportedly exploring the sale of its gambling operations at Northfield Park, according to a report from Bloomberg. The report said talks are only preliminary and may not result in any action. The Northfield Harness Racing Track opened as the Hard Rock Rocksino with much fanfare in December 2013. It is…

Land-based ・ 24 days

Eye On Annapolis

How Much Money Do Casinos Make a Day?

Casinos are known for their promise of instant wealth, but have you ever wondered just how much money these establishments rake in on a daily basis? The answer might surprise you. Large and small casinos are highly profitable, and their daily earnings can reach staggering figures. The amount of money a casino makes in a day can vary widely based on…

Industry ・ 06 February 2024

Yogonet

Sparks: Century Casinos completes acquisition of Nugget Casino Resort's operations for $100M

Colorado-based Century Casinos announced Tuesday it has completed the acquisition of the operations of the Nugget Casino Resort in Reno-Sparks, Nevada, from Marnell Gaming, for approximately $100 million. Prior to the acquisition, back in April 2022, the company purchased from Marnell 50% of the membership interest in Smooth Bourbon, the company…

Land-based ・ 07 April 2023

Review Journal

Colorado-based company wins Nevada Gaming Control Board approval to buy Sparks Nugget resort

A Colorado-based casino company with Austrian roots was recommended Wednesday for licensing to acquire the Nugget Casino Resort in Sparks. The Nevada Gaming Control Board unanimously approved an application for registration and findings of suitability for several of Century Casinos Inc.'s executives in a 90-minute afternoon hearing. Just over a…

Land-based ・ 09 March 2023

Wild Casino

$5,000 Welcome Bonus

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Kalkine Media

Kalkine Media explores five US casino stocks to watch in October

The casino sector comprises firms from the gaming industry that offer leisure and other related services through their resorts and casino gaming properties. To name some, Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM), Caesars Entertainment, Inc. (NASDAQ: CZR), and Boyd Gaming…

Finance ・ 22 September 2022

Sparks Tribune

Century Casinos executive: ‘If you’re a gaming company, wouldn’t you want to be in Nevada?’

Home / News / Century Casinos executive: 'If you're a gaming company, wouldn't you want to be in Nevada?' By Howard Stutz Century Casinos' pending $195 million acquisition of the Nugget Casino Resort in Sparks will rewrite the company's corporate profile. The regional casino operator, which began in Europe, doesn't have what gaming observers…

Travel ・ 20 September 2022

Yogonet

Century eyeing potential flagship resort in Sparks' Nugget Casino acquisition; open to other Nevada opportunities

As it eyes the completion of its pending $195 million acquisition of the Nugget Casino Resort in Sparks, operator Century Casinos prepares to embrace a new phase of its development as a company. The property is set to provide the business with an opportunity to prove its expertise in the long-sought destination market of Nevada, and executives have…

Industry ・ 06 September 2022

The Nevada Independent

Legal changes make Colorado an enticing casino market for Nevada operators

DENVER - Nevada's major gaming companies avoided Colorado for nearly two decades after casinos were legalized in the historic mining towns of Black Hawk, Central City and Cripple Creek. It wasn't much of a gamble. Initially, bets in the state were limited to $5 and casinos were not open 24/7. The idea behind the 1990 legalization was to boost…

Industry ・ 04 September 2022

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Yogonet

Maryland: Century Casinos to acquire the operations of Rocky Gap Casino for $56M

Century Casinos has entered into a definitive agreement to acquire the operations of Rocky Gap Casino Resort in Maryland from Lakes Maryland Development, the Colorado-based company announced Thursday. The business will be taking over the operations for approximately $56 million. The transaction is expected to close mid-2023, subject to regulatory…

Lottery ・ 25 August 2022

The Motley Fool

Are These 2 Gambling Stocks Poised for a Comeback?

With the S&P 500 down 11% year to date, now is a great time to shop for deals in the market. And while the casino industry may face challenges from inflation and a possible recession, many companies still look poised for long-term success. Let's explore why MGM Resorts International (MGM 0.84%) and Penn Entertainment (PENN 2.08%) should be on your…

Covid ・ 24 August 2022

Stock News

GDEN: 5 Gambling Stocks Worth Betting On

Online gambling gained traction during the first COVID-19 wave, as people turned into online entertainment due to nationwide lockdowns and traveling restrictions. In addition, the easing of restrictions lately has allowed in-person gambling to regain momentum, thanks to substantial pent-up demand. With the increased use of smartphones and emerging…

Sports ・ 15 June 2022

AGB - Asia Gaming Brief

U.S. gambling fires ahead, but inflation concerns crimp U.K.

The U.S. gambling industry continues to power ahead, despite rising uncertainty over the economy, though the U.K. has started to see a slow down as inflation concerns gain pace. As Asia's gaming jurisdictions gradually reopen, it's interesting to note trends in other parts of the world as they have emerged from Covid, which shut down casinos but…

Finance ・ 30 May 2022

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BYD: 2 Best Casino Stocks to Buy Right Now

The easing of restrictions on in-person casino visits due to success on the COVID-19 immunization front and growing interest in internet casinos have been fueling the industry's growth. According to the American Gaming Association's (AGA) Commercial Gaming Revenue Tracker, 2022 started with strong commercial gaming revenue in the United States,…

Finance ・ 19 April 2022

The Nation Roar

How Big Is the US Online Gambling Market

Online gambling went to an all-time high due to the pandemic on a global level. The US saw a significant increase in participation on online gambling platforms. This migration of users from the offline to the online method has also led many service providers to go digital with their services. Many offline gambling establishments were closed, and…

Industry ・ 23 March 2022

The Nevada Independent

Indy Gaming: Three years later, no action in D.C. to raise jackpot tax threshold

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Congressional representatives and the…

Winnings ・ 09 March 2022

Reno Gazette Journal

What is Century Casinos? What we know about Nugget hotel-casino buyer

With the Nugget Casino Resort poised to change hands yet again, many are likely wondering about its new out-of-state buyer, Century Casinos. Prior to Wednesday, not many in Reno-Sparks were familiar with the Colorado-based company. That changed during the early morning hours of Feb. 23, when Century Casinos announced an agreement to acquire the…

Covid ・ 01 March 2022

The Motley Fool

Why Casino Stocks Jumped This Week

casino stocks had a good week, climbing double digits in some cases. The industry continues to get positive news from U.S. gambling sites, led this week by MGM Resorts International (NYSE:MGM) reporting earnings. According to data provided by S&P Global Market Intelligence, the biggest stock move this week was Penn National Gaming (NASDAQ:PENN),…

Finance ・ 11 February 2022

The Motley Fool

Wynn Resorts Abandons Online Gambling SPAC. Should Investors Worry?

It's been a wild week for entertainment stock Wynn Resorts (NASDAQ:WYNN), the high-end casino company with operations in Las Vegas, Boston, and Macao. Wynn reported third-quarter earnings that were decent but not impressive, the CEO announced he was leaving, and on Friday morning the bombshell dropped that Wynn is no longer spinning off its online…

Travel ・ 23 November 2021

The Nevada Independent

Indy Gaming: Macau casinos bounce back after three years of depressed gaming revenue

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz With three months in the books, Macau's…

Industry ・ 07 April 2023

Stock News

GDEN: 2 Under the Radar Casino Stocks Rated 'Strong Buy'

The gradual easing of restrictions on in-person casino patronage following solid progress on the vaccination front and growing interest in online casinos have been driving the industry's growth. The four regional casino markets that track visitation in July reported their strongest visitation numbers since the pandemic's start. According to the…

Finance ・ 17 September 2021

Stock News

MCRI: Feeling Lucky? Buy These 3 Under the Radar Casino Stocks

The gambling industry is making a comeback with the gradual easing of social distancing mandates. U.S. gambling revenue hit a record $13.6 billion in the second quarter. In-person gambling was the primary driver of the record-breaking second-quarter revenue results. Mobile sports betting and iGaming kept the industry afloat during the initial…

Finance ・ 03 September 2021

The Motley Fool

Las Vegas Sands May Have a Longer Road to Recovery Than Expected

The gambling industry is having an uneven recovery no matter where you are in the world. The U.S. market seems to be doing best with entertainment travelers coming back, driving regional casino revenue and weekend revenue in Las Vegas. But the lucrative corporate customers who have long driven mid-week revenue have been absent. We're seeing that…

Covid ・ 13 May 2021

The Motley Fool

The 3 Largest Gambling Stocks in 2020

The gambling industry is certainly an interesting place for investors to seek opportunity today. The casino side of the industry is in turmoil right now, as COVID-19 has changed the game for the leading players. However, if and when a COVID-19 vaccine is approved for safe use, these beaten-down stocks could surge big time. On the other hand, the…

Sports ・ 19 January 2021

The Nevada Independent

Indy Gaming: Boyd has no interest in selling downtown, locals casinos to REITs

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Boyd Gaming had a simple message to real…

Industry ・ 09 February 2023