Best Casino Stocks 2020
Casino stocks have been in a world of hurt due to the worldwide crisis and stock bargain hunters are thinking this could be a good play. You know the old say. We recently asked over 400 Benzinga investors and traders which casino stock they believe will grow the most by 2025.Best Casino Stocks Over the next five years, which casino stock will have the. Booking Holdings Inc (NASDAQ: BKNG) - Hold. Booking is a global online travel company and the. Publicly traded Casino companies. Find the best Casino Stocks to buy. A casino is a facility which houses and accommodates certain types of gambling activities. The industry that deals in casinos is called the gaming industry. Casinos are most commonly built near.
The pandemic has not only closed many shops and hotels but also damaged the offline entertainment industry. This includes popular bookmaking and gambling houses around the world. Now customers are in no hurry to enter gambling and betting establishments. Instead, they choose to gamble at an online casino without risking their health. In this article, you will find out more about the top five online gambling stocks which are great for both new and savvy investors.
NetEnt
This Swedish virtual casino game provider has more than 23 years of experience in the industry.
During this time, they have partnered with many online casinos, including the biggest names in the business. This wide partnership network increases the value of the platform and makes it one of the best online gambling stocks available on the Internet.
Their games stand out for their excellent graphics, quality sound, and characters. This approach increases the audience, and, as a result, income and revenue. As a result, their stock has been doing well for a long time.
Best Online Casino Stocks 2020
DraftKings
DraftKings is an American daily fantasy sports venue and bookmaker established in 2012. It is also profiting from the fact that it’s both an online business. The company had its first public offering this year. And it was a great success.
DraftKings is one of the leading stars in the betting industry. Its assets have risen up immediately after the start of the pandemic and the global lockdown. It offers a great variety of services: not only sports betting, but also online casino gambling, which allows it to optimize profits and reduce risks.
Flutter Entertainment
The holding was created as a result of the merger of Paddy Power and Betfair in 2016. It was later acquired by The Stars Group. The service owns many gambling brands (including PokerStars and Betfair) and that fact greatly increases the reputation and financial value of the platform.
Although gambling is only permitted in a few states, more and more states are beginning to authorize it, which means there is lots of opportunity for Flutter Entertainment’s extension.
What Are The Best Casino Stocks To Buy
Landcadia/Golden Nugget Online Gaming
Golden Nugget is actually a spinoff of the Golden Nugget brick-and-mortar casino business. It has had more of a rough ride than others on this list, so that fact may give some investors pause. The company competes with other similar services, and it does not always succeed in becoming a leader. But perhaps the service will surprise us in the future and still grow?
Scientific Games
Their shares have been moving steadily upward since the March selloff with an unexpected jump in September. Maybe one reason for the surge was the 113% increase in online gaming revenue in New Jersey, one of the biggest gambling markets in the USA.
Summing up, those who are looking for a hybrid stock with exposure to both online and offline gambling might consider this option. Keep in mind if you are living in the U.S., it is illegal to bet on offshore casino sites not licensed by the U.S.
Date | Stock | Title |
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Mar 5 | RSI | Today's Best SPAC: DMY IV |
Mar 5 | CNTY | Will Century Casinos (CNTY) Report Negative Q4 Earnings? What You Should Know |
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Mar 5 | WYNN | Wynn makes it ten states with sports betting after Virginia approval |
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Mar 5 | BYD | Boyd Gaming (BYD) Up 40% in 3 Months: More Room to Run? |
Mar 5 | GDEN | MGM Resorts (MGM) Up 59% in 6 Months: Can the Rally Continue? |
Mar 5 | RSI | Esports Continues to Lead Online Gaming Industry Growth |