Benefitting Century Casino will be the move to house their business offices in the new center, thus making more room for gaming tables and machines in the casino located next door. Century Casino is a profitable company with a long history of financial stability. Once the Prague operation is fully outfitted and upon final approval and commencement of operations in Caledon, Century Casino profitability should rise astronomically. Already, the company is tremendously undervalued when considered in relation to the industry and sector. Shares have held at 21M, although 50M have been authorized since 1996.
Management prefers to fund expansion through available means, thereby protecting investor equity.
The terms of their management deals in the expansion casinos are truly amazing. The company will soon be operating three casinos in prime locations. This company is a steal at its current price. This is a sleeping giant that has been tickled by consecutive days of above average trading and will represent an easy double or triple as it rises to its true value. Much of my profit has come not only from knowing what to buy, but more importantly, when to sell.