{"id":640,"date":"2025-08-07T16:41:18","date_gmt":"2025-08-07T16:41:18","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=640"},"modified":"2025-09-22T12:09:52","modified_gmt":"2025-09-22T12:09:52","slug":"century-casinos-stock-surges-after-strategic-review-announced","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/08\/07\/century-casinos-stock-surges-after-strategic-review-announced\/","title":{"rendered":"Century Casinos Stock Surges After Strategic Review Announced"},"content":{"rendered":"<ul>\n<li><strong>Regional casino operator\u2019s stock soars on strategic review plan<\/strong><\/li>\n<li><strong>Company says it\u2019s fielded inquiries from multiple third parties<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Shares of Century Casinos (NASDAQ: CNTY) soared Thursday after the regional casino operator said it\u2019s initiating a strategic review, with at least one analyst saying a sale or merger is the preferred outcome.<\/p>\n<figure id=\"attachment_136428\" aria-describedby=\"caption-attachment-136428\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-136428 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" width=\"1200\" height=\"990\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/08\/CC2-142x117-1.jpg\"><figcaption>Century Casinos stock surged on news the company initiated a strategic review that could result in a merger or sale. (Image: <em>KAIT-8 News<\/em>)<\/figcaption><\/figure>\n<p>In midday trading, Century Casinos stock is higher by 10.41% on volume that\u2019s already five times above the daily average, indicating investors are enthusiastic about the company\u2019s plan to potentially unlock shareholder value &#8212; something <a href=\"https:\/\/www.casino.org\/news\/century-casinos-call-turns-testy-as-investors-decry-stock-slide\/\">they\u2019ve been clamoring for<\/a> as the stock has been a dud, shedding 72.44% over the past three years.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>Following various inquiries from third parties about potential asset sales and strategic partnerships, we have initiated a strategic review process as part of our ongoing commitment to driving long-term value creation and optimizing our portfolio of assets and operations,\u201d said co-CEOs Erwin Haitzmann and Peter Hoetzinger in a statement.<\/p>\n<\/blockquote>\n<p>The company added that elements of the strategic review could include a sale of the firm, evaluation of partnerships or potential mergers, streamlining of its capital structure, or \u201copportunities to unlock value within our existing property portfolio.\u201d A timeline for conclusion of the review hasn\u2019t been established.<\/p>\n<h2>Sale\/Merger Preferred Outcome, Says Analyst<\/h2>\n<p>In a note to clients out earlier today, Stifel analyst Jeffrey Stantial said investors would likely prefer to see Century execute a merger or sell itself outright.<\/p>\n<p>\u201cSale\/merger likely remains the preferred outcome for shareholders, and while management&#8217;s view of fair value could drive wide bid\/ask for potential acquisitions\/mergers, we expect strong interest,\u201d he wrote.<\/p>\n<div class=\"callout\">\n<p>Stantial added that prospective suitors hail more from the private equity community than \u201cstrategics\u201d owing to acceleration at <a href=\"https:\/\/www.casino.org\/news\/century-casinos-could-get-lift-from-missouri-nevada-casinos\/\">Century\u2019s pair of Missouri casinos<\/a> as well as \u201cperceived turnaround opportunity\u201d at the Nugget in Sparks, Nev., and the Rocky Gap casino in Maryland.<\/p>\n<\/div>\n<p>\u201cWe see potential upside at the recently acquired Nugget Casino and Rocky Gap properties, while increasing U.S. exposure coupled with a potential sale of the low-multiple Poland business should help narrow a longstanding valuation discount to peers,\u201d adds Stantial.<\/p>\n<p>The company has frequently said it\u2019s open to selling its <a href=\"https:\/\/www.casino.org\/news\/century-casinos-examining-poland-sale-share-repurchases\/\">two-thirds stake in Casinos Poland<\/a> and previously monetized some of its <a href=\"https:\/\/www.casino.org\/news\/century-casinos-extends-rally-as-analysts-see-room-for-2025-upside\/\">Canadian property holdings<\/a>, with executives previously saying divestments of its international assets remain under review.<\/p>\n<h2>Examining Possible Suitors for Century<\/h2>\n<p>One reason Stantial believes Century could draw interest from a private equity firm is because rival gaming companies are unlikely to be interested in the entirety of the company. He mentioned improved balance sheets at Boyd Gaming (NYSE: BYD) and Golden Entertainment (NASDAQ: GDEN) as possible drivers of those operators\u2019 interest in Century assets, but that remains to be seen.<\/p>\n<div class=\"callout\">\n<p>Specific to Golden, that company sold the aforementioned Maryland casino to Century, and its <a href=\"https:\/\/www.casino.org\/news\/golden-entertainment-to-be-selective-on-acquisitions\/\">exclusively Nevada portfolio<\/a> may imply it would only be interested in the Nugget in Sparks from the Century portfolio. Prospective buyers of Century may need to fork over a significant amount of equity because the target\u2019s management team likely believes the company is worth more than its share price implies, meaning an all-cash deal might not be enough to get them to the bargaining table.<\/p>\n<\/div>\n<p>\u201cIf ultimately pursuing a sale of the company, we would expect compensation to include material equity financing given management&#8217;s perceived value of shares likely sits well above likely cash offer levels. CNTY owns a diversified portfolio of assets with likely few operators interested in owning all,\u201d concludes Stantial.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/century-casinos-stock-surges-after-strategic-review-announced\/\">Century Casinos Stock Surges After Strategic Review Announced<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regional casino operator\u2019s stock soars on strategic review plan Company says it\u2019s fielded inquiries from multiple third parties Shares of Century Casinos (NASDAQ: CNTY) soared Thursday after the regional casino operator said it\u2019s initiating a strategic review, with at least one analyst saying a sale or merger is the preferred outcome. Century Casinos stock surged on news the company initiated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/640"}],"collection":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=640"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/640\/revisions"}],"predecessor-version":[{"id":643,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/640\/revisions\/643"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/642"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=640"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}