Century Casinos (NASDAQ: CNTY) is showing promising growth potential, driven by successful developments in Missouri and Nevada operations. The company's stock has already seen a 36% increase this month, with analysts predicting further upside.

The recently completed $52 million Caruthersville, Missouri property conversion from riverboat to land-based casino is exceeding expectations in its first three weeks of operation. The new facility, which opened on November 1, includes a hotel and updated gaming amenities, following approval from the Missouri Gaming Commission (MGC).

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 gaming assets. Following the country's recent relicensing process, Century's Casinos Poland unit has secured five permits through 2028, attracting renewed buyer interest. A sale could generate approximately $30 million in proceeds, which could be used to reduce term loan debt.

Stifel analyst Jeffrey Stantial maintains a "buy" rating on Century Casinos with a $5 price target, suggesting a 10.1% upside from the November 29 closing price. The combination of strong performance in Missouri, stabilizing Nevada operations, and potential asset sales positions the company for continued growth.

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