Century Casinos shows promising growth potential through its Missouri and Nevada operations, with shares already up 36% this month. The company's strategic developments in key markets are driving optimism among analysts.

The recently completed $52 million Caruthersville, Missouri property conversion from riverboat to land-based casino is showing strong early results. The renovated venue, which opened November 1st, includes a new hotel and has reported better-than-expected visitor numbers and spending in its first three weeks.

In Nevada, the Nugget Sparks casino is showing signs of improvement after initial challenges. Recent management changes and enhanced high-limit gaming offerings have contributed to consistent growth from August through October, with margins stabilizing around 30% by Q3's end. The property's convention and group meeting business is expected to strengthen in late 2025 or early 2026.

Century Casinos may also benefit from the potential sale of its Poland operations. Following the country's recent relicensing process, with five of six licenses extended through 2028, buyer interest has increased. A sale could generate approximately $30 million in proceeds, which would likely be used to reduce term loan debt.

Stifel analyst Jeffrey Stantial maintains a "buy" rating with a $5 price target, suggesting a 10.1% upside from the November 29 closing price. This outlook is supported by strong performance in Missouri, revenue stabilization in Nevada, and potential strategic asset sales in Poland.

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