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Century Casinos Inc. (CNTY) Rises 4.48% on December 15

Holders of shares of Century Casinos Inc., a U.S. international casino entertainment company. are happy today. A big surge is underway at 4.48%. In fact, the stock price has reached $6.14.

You could definitely say that it had a good day Wednesday, December 15th, with around 287,756 shares trading hands on 2,408 trades for the day. This is remarkable given the average daily volume out of a total float of 29.58 million.

Stockholders watched as shares opened at $6.18 and hoovered between 6.37 to $6.05. It bodes well for Century Casinos Inc. which now has a market cap of $186.33 million. Based out of Colorado Spring, Colorado, it has 3,500 employees and is led by CEOs Peter Hoetzinger and Erwin Haitzmann.

Among gaming companies, Century Casinos engages in the development and operations of gaming establishments, including lodging, restaurant, and entertainment facilities.

Of note, its subsidiaries manages several venues. Among them are Century Casino & Hotel, Century Casino St. Albert, Century Casino Calgary, Century Downs Racetrack and Casino, Century Mile Racetrack and Casino in Canada: Century Casino & Hotel in United States and Casinos Poland in Poland.

It is not limited to land-based casinos as it operates ship-based casinos on international and Alaskan waters thanks to several concessionaire agreements Oceania Cruises, TUI Cruises, Windstar Cruises and Regent Seven Seas Cruises.

The stock is part of the noted Russell 2000, one of the leading indices tracking small-cap companies in the U.S. It follows 2000 stocks from the broader Russell 3000. Pundits listen to Russell Investments, an industry leader in creating and maintaining indices.

The closely followed Dow Jones Industrial Average (DJIA) or S&P 500 is a bit different. Members are selected by committee, using on an objective, rules based methodology.

The Russell 3000 uses a simpler approach but is equally instructive in the market with its broad, unbiased look at the small-cap market as a whole.

Source: https://www.equities.com/news/century-casinos-inc-cnty-soars-4-48-on-december-15

About the author

Patrick Pichette

Patrick Pichette

Patrick Pichette has a vast knowledge about Canadian nature, photography and journalism. After graduating the University of Alberta with a bachelor's degree in journalism he decided to follow his dreams and now he is the Associate Editor of Blog.ca

He can be reached out at: patrick.pichette@blog.ca

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