Top 5 casino stocks to invest in
The stock market is all over again. Despite the fact that many stocks have suffered a crunch in recent months due to the war in Ukraine and the coronavirus has also affected the market for years, it is still completely hot. And where online casinos if mushrooms shoot out of the ground, today it is also possible to invest in such a business.
Despite the corona crisis, 2021 was a top year for investing. After a number of significant taps, the economy finally had the opportunity to recover. And with results - at least on the stock market-because many stocks picked up nice returns. And after such a year in which a lot of money is earned, there is always a new stream of luck seekers on the market.
These fortune seekers are eagerly looking for enormously profitable shares, preferably they will get rich sleeping this month. These characteristics are familiar to gamblers. But making money this simple is of course a bit premature. Following this, however, is an interesting option. For example, take a look at investing in casinos. in today's life, a huge number of sympathetic people put bins of money in these gambling houses. Without often knowing that you can simply invest in those companies with much less risk.
It can also be a solution for many; start investing in casinos instead of wasting your money in them. Associated with much less risk and often also more profitable - at least in the long term, than, for example, taking a gamble on slots and by online roulette . Nowadays it is made very easy to buy stocks, you can simply deposit money on an app with, for example ideal , MasterCard or Show . And now there is also a nice club with iGaming companies that make it possible to invest your hard-earned savings. The companies MGM Resorts International, International Game Technology PLC, Gambling.com Group Ltd, Boyd Gaming Corp, Evolution AB we briefly explain below.
Hotels near MGM Resorts International
MGM Resorts International is a company that invests in casinos, hotels, resorts and entertainment. So you can say that the company is at home in all markets. The company is based in the gambling city on this planet, the well-known Las Vegas in Nevada, United States. With a price of almost 40 dollars, the shares are not the most expensive but certainly not the cheapest, looking at fellow providers from the same industry.
But when you go to sea with MGM, it is at least clear that you do not bet your money on the best horse at first. The company had more than 70,000 employees in mid-2019 and therefore has a large following to look after. And with all other services, goods and services, you are also assured of a spread risk, something that is attractive to many when it comes to investments.
International Game Technology PLC
One of the most well-known shares. Also a supplier in the United Kingdom of software, computerised gaming equipment and other segments related to the gaming industry, such as lotteries and betting . The company recently announced its 2021 results and they were not bad, even better if you put them in contrast to the previous year. Then there was a loss, now there was a generous profit of no less than 55 million dollars.
Also interesting to know: dividends are paid at PLC. For some it may be a no, but for many it is a go. In any case, supporters of such benefits will know with such information. And not to forget, the share is also affordable with a price of over $ 25. Combined with the growth that PLC is experiencing, it is still a share to keep an eye on.
Gambling.com Group Ltd
Gambling group can rightfully be called one of the smaller players. With a price per share of less than nine dollars per share, it is also very affordable in relation to the other gambling companies that are on the market. And with a market cap of less than 300 million, it can already be seen that it is inferior to many other competitors. But that doesn't have to say anything, of course. Who knows, Gambling Group may be the ideal expression of small but fine.
Boyd Gaming Corp.
Boyd Gaming Corp (BGC) operates casino games and its products throughout the United States. But this company can rightfully be called an all-rounder, because its services and services reach many times beyond just gambling-related earnings. Because restauZodiac, entertainment, shopping and leisure facilities are also offered. A big player, therefore, who is also available to invest with. And with a return of 5.8% in the past year, there was also clearly some profit to be made in this growing company.
However, the price of the shares is not lying, namely at 68.13 dollars. Because with the price you pay for a BGC share, you can buy almost three shares of, for example, International Game Technology PLC. A big bite out of the pocket, but still a lot safer than doing yourself good with the slot games of the same company.
Evolution AB
Finally, Evolution AB is also interesting to take a closer look at. Evolution AB, like the other companies, is available worldwide. It is known as a gaming company. The company develops, manufactures, sells and licenses fully integrated B2B online casino games - solutions to online casino operators.
It is noteworthy that the company is originally from Sweden. As a result, shares are initially traded in the Swedish Krona. In terms of price, they are at the top, because the SEK 995.70 you pay for a share is worth almost 100 dollars converted. But it is a different provider than the one mentioned earlier, coming from another country and perhaps also more interesting. There's only one way to find out, you might say.