{"id":726,"date":"2025-05-12T23:25:36","date_gmt":"2025-05-12T23:25:36","guid":{"rendered":"http:\/\/www.chuckwardrealestate.com\/?p=726"},"modified":"2025-09-22T12:10:05","modified_gmt":"2025-09-22T12:10:05","slug":"century-casinos-will-soon-buy-back-stock","status":"publish","type":"post","link":"http:\/\/www.chuckwardrealestate.com\/index.php\/2025\/05\/12\/century-casinos-will-soon-buy-back-stock\/","title":{"rendered":"Century Casinos Will Soon Buy Back Stock"},"content":{"rendered":"<ul>\n<li><strong>Regional casino operator will commence buyback plan in coming weeks<\/strong><\/li>\n<li><strong>Could be in the millions of dollars<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Perhaps signaling to investors it sees value in its battered stock, Century Casinos (NASDAQ: CNTY) announced today it will soon commence a share repurchase program.<\/p>\n<figure id=\"attachment_256525\" aria-describedby=\"caption-attachment-256525\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-256525 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Century Casinos\" width=\"858\" height=\"572\" data-src=\"http:\/\/www.chuckwardrealestate.com\/wp-content\/uploads\/2025\/05\/cnty-858x572-1.jpg\"><figcaption>The Century Casino in Central City, Colo. The company said it will buy back stock. (Image: Century Casinos)<\/figcaption><\/figure>\n<p>Co-CEO Peter Hoetzinger made the announcement on the gaming company\u2019s first-quarter earnings conference call earlier today, noting the regional casino operator could imminently commence buying back its stock.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>The current environment is a little less certain than it was maybe a quarter ago, so we will be cautious, but we believe CNTY is the best casino investment with the highest growth potential out there,\u201d said Hoetzinger on the call. \u201cHence, we plan to buy back stock in the coming weeks.\u201d<\/p>\n<\/blockquote>\n<p>In a departure from what\u2019s typically seen in the gaming industry and across Corporate America, Century Casinos did not reveal <a href=\"https:\/\/www.casino.org\/news\/sands-nearly-doubles-size-of-buyback-plan-to-2-billion\/\">the size of its buyback plan<\/a>, but Hoetzinger did say it would be in the \u201csingle-digit million dollar value.\u201d Companies aren\u2019t obligated to say how much of their shares they\u2019ll buy back when repurchase plans are announced nor are they bound to buy back the entirety of an announced dollar amount.<\/p>\n<h2>Good Time for Century Casinos to Buy Back Stock<\/h2>\n<p>It\u2019s arguably curious as to why Century didn\u2019t more broadly publicize its share repurchase plan because investors have been clamoring for management to show some signs of faith in the beleaguered shares <a href=\"https:\/\/www.casino.org\/news\/century-casinos-call-turns-testy-as-investors-decry-stock-slide\/\">with some previously demanding<\/a> that executives buy more stock themselves.<\/p>\n<div class=\"callout\">\n<p>Still, news of the buyback can be seen as positive because the gaming company won\u2019t be committing one of the cardinal sins of repurchase programs: buying the stock at inflated prices. The stock has tumbled 52.12% over the past 90 days and 62% over the past month, indicating will be getting favorable prices should it soon start repurchasing its shares. That appears to be the plan.<\/p>\n<\/div>\n<p><strong>\u201cWe think we&#8217;ll start between now and our next earnings release in early August,\u201d added Hoetzinger.<\/strong><\/p>\n<p>Century concluded the first quarter with $85 million in cash and cash equivalents, confirming it has the firepower with which to buy back its stock. As noted above, the company didn\u2019t reveal a dollar amount of the repurchase program, but even it bought back just $3 million worth of its shares &#8212; a hypothetical scenario, not a figure discussed by the company &#8212; it\u2019d significantly reduce <a href=\"https:\/\/finviz.com\/quote.ashx?t=CNTY&amp;p=d\">its shares outstanding tally<\/a> of 30.68 million.<\/p>\n<h2>Century Still Mulling Poland Asset Sales<\/h2>\n<p>One of the long-running questions pertaining to Century is when it will <a href=\"https:\/\/www.casino.org\/news\/century-casinos-examining-poland-sale-share-repurchases\/\">divest its two-thirds interest<\/a> in Casinos Poland &#8212; a plan that\u2019s been stymied by Russia\u2019s invasion of Ukraine. Hoetzinger said the company still plans to sell its Poland operations.<\/p>\n<p>\u201cWe are still committed to divesting our Poland operations. Two newly interested parties have surfaced recently, and discussions with our minority partner are also going well for potential sale of 100% of the company,\u201d said the co-chief executive officer.<\/p>\n<p><strong>Those parties weren\u2019t identified. The executive added that while Casinos Poland doesn\u2019t currently offer sports betting, the country allows commercial operators to do business in that space and \u201csome of the companies that have expressed interest in our casinos there come from the sports betting side.\u201d<\/strong><\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/century-casinos-will-soon-buy-back-stock\/\">Century Casinos Will Soon Buy Back Stock<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regional casino operator will commence buyback plan in coming weeks Could be in the millions of dollars Perhaps signaling to investors it sees value in its battered stock, Century Casinos (NASDAQ: CNTY) announced today it will soon commence a share repurchase program. The Century Casino in Central City, Colo. The company said it will buy back stock. (Image: Century Casinos) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":728,"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\/726"}],"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=726"}],"version-history":[{"count":2,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/726\/revisions"}],"predecessor-version":[{"id":729,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/726\/revisions\/729"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/728"}],"wp:attachment":[{"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=726"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.chuckwardrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}