8 Reasons I Made A $3 Wager On This Casino Stock
By Bret Jensen:One of a few undervalued sectors in the market after six months of this significant rally is the small casino space. I have several in my portfolio including Century Casinos (CNTY) and Dover Downs (DDE). I like these small operators as they are
- should benefit from an improving economy
- selling at or under book and/or replacement value
- are ideal rollup acquisitions.
One small cap play (Approximately $65mm enterprise value including debt) I like here is Full House Resorts (FLL).
Full House Resorts, Inc. owns, develops, and manages gaming facilities in the United States. It owns and operates the Rising Star Casino Resort in Rising Sun, Indiana that includes approximately 1,300 slot and video poker machines, 37 table games, 201- hotel rooms, 5 dining outlets, and 18-hole Scottish links golf course. It also owns Stockman's Casino in Fallon, Nevada that has 8,400 square feet of gaming space with approximately 260Complete Story »