Century Casinos Inc. CNTY announced the opening of three additional casinos on cruise ships, Mein Schiff 4, Star Legend and Star Breeze. Mein Schiff 4 owned by TUI Cruises, a joint venture between Royal Caribbean Cruises Ltd. RCL and German tour operator TUI has a capacity of 2,500 passengers. Century Casinos’ state-of-the-art casino on Mein Schiff 4 features 15 slot machines as well as live and electronic gaming tables.
Meanwhile, Star Legend and Star Breeze, the newest additions to the Windstar Cruises fleet, will each have casinos featuring two black jack tables and eleven slot machines.
Century Casinos provides lodging, restaurant, and entertainment facilities related to gaming establishments. Recently, effective Jun 1, 2015, Century Casinos and Oceania Cruises, Inc. and Seven Seas Cruises S. DE R.L. mutually agreed to terminate the casino concession agreements. However, Century Casinos currently operates the ship-based casinos onboard the Regatta, Nautica, Insignia, Marina and Riviera for Oceania Cruises and the Voyager, Mariner and Navigator for Seven Seas Cruises. Effective Jun 1, per a new two-year consulting agreement, the company will provide limited consulting services for the shipboard casinos of Oceania Cruises and Seven Seas Cruises.
However, the company is not only confined to casinos in the gaming industry. Recently, Century Casinos announced the opening of Century Downs Racetrack and Casino in Calgary. Also, earlier this month, the company started operating the pari-mutuel off-track horse betting network in Southern Alberta, Canada.
The company recently posted mixed first quarter results. After missing the Zacks Consensus Estimate for earnings in five consecutive quarters, this Zacks Rank #2 (Buy) managed to beat this time around. However, revenues missed estimates.
Other Stocks to Consider
Other stocks that can be considered in the gaming industry include Isle of Capri Casinos, Inc. ISLE and Monarch Casino & Resort Inc. MCRI. While Isle of Capri Casinos sports a Zacks Rank #1 (Strong Buy), Monarch Casino & Resort carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment