Century Casinos (NASDAQ: CNTY) is showing promising growth potential, with shares rising 36% this month and analysts forecasting further upside driven by developments in Missouri and Nevada operations.

Stifel analyst Jeffrey Stantial maintains a "buy" rating with a $5 price target, suggesting a 10.1% potential increase. The optimistic outlook stems from two key developments:

1. Caruthersville, Missouri Property:

• Recently completed $52 million boat-to-land conversion
• Strong visitor numbers and spending in first three weeks
• New hotel and gaming venue opened November 1
• Last riverboat casino conversion in Missouri

2. Nugget Sparks Casino, Nevada:

• Shows revenue normalization and operational improvements
• Management restructuring and enhanced high-limit gaming areas
• Margins returning to approximately 30% by Q3
• Growing convention and group bookings expected to benefit 2025-2026

Poland Operations Update:

• Five of six casino licenses renewed through 2028
• Renewed interest from potential buyers for Poland assets
• Possible sale could generate ~$30 million in proceeds
• Funds likely to be used for term loan reduction

The company's strategic improvements and potential asset optimization suggest a stronger financial position moving forward, with particular emphasis on its core U.S. operations.

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