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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks

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From: Lessthaniv	5/1/2019 6:09:23 PM
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TNA Evergreen Casino's; Maverick who bought Nevada Gold's casinos, just bought Great Canadian’s Washington casino’s. They have been in the press suggesting they want to be regionally dominant and to expect more transactions. They paid more than 8.5x EBITDA for GC’S three properties. Evergreens have higher revenue and EBITDA. Financials are out as of last night on TNA…. From Stockhouse Poster: Now that financials are out it is easier to compare the valuation to the recent Great Canadian sale. GC’s 2018 revenue and EBITDA in USD was $31.7 and $6.3 million respectively. Evergreen just posted $39.4 and $8.3 for their 4 casinos. So Evergreen’s revenue and EBITDA were 24% and 32% higher. Using GC’s valuation, based on revenue Evergreen should fetch USD $69 million and $74 if using EBITDA. This is a range of 75-80 cents/share. And it doesn’t take into account Evergreen’s net cash and real estate holdings. Stocks at $.43/sh href.li Excerpt: Maverick Gaming previously announced in September 2018 a definitive purchase agreement to acquire Nevada Gold & Casinos, Inc., whose portfolio includes nine card rooms in Washington with seven in the greater Seattle area. Combined with the Great American purchase, Maverick will have 12 properties in Washington, with approximately 165 table games. The Nevada Gold transaction is pending the approval of the Washington State Gambling Commission and is anticipated to close in the first half of 2019. “We couldn’t be more excited to continue to expand our operation into Washington,” Pearson said in a statement. “With a metro population of over 4.6 million people, coupled with a strong economy, Maverick has made a strategic decision to place full attention to this market. This is one of several transactions Maverick will be announcing over the next few months, which will continue to transform Maverick Gaming into a true regional operator.”

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