Despite recent economic challenges, online casino sites and bookmakers continue to thrive. Following the epidemic outbreak across the globe, many betting and gambling stocks faced a crisis. But in no time, some of these companies survived and came back stronger. With time, this industry proved how flexible it could be. Following the current advancement in technology, these diversified gambling companies are now operating in various types of betting.
Many casinos companies now present investment plans for investors to venture into. Because most players have tried sports betting or online casino games at some point, this is one of the industries that has recently been growing at an alarming rate all around the world.
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Today, many investors invest in gambling companies to diversify their portfolios. Do you want to know how to invest in online gambling? If yes, we’ll be showing you five betting companies you can invest in today.
Wynn Resorts Limited
Following a spectacular performance in early 2019, Wynn resorts top the list of gambling stocks. Though the company suffered a major crisis during Q1, It rose within three months ending June 2019. They announced a 9.5% increase in revenue by three hundred dollars per available room. In total, Wynn resorts reported a 3.3% increase to 1.66 billion dollars in their income.
Wynn resorts rely mainly on Macao for most of its gains and revenue from the city’s crowd. Las Vegas is one of Wynn resorts main focus impacts negatively through the pandemic. However, there is a belief that potential investors will return soon, and the gambling company will rise again.
However, you can join Wynn’s resorts and invest in gambling today.
Boyd Gaming
Boyd gaming, owning over twenty-five games and many entertainment properties in the US, is another big gambling company. With more than 20,000 staff, Boyd gaming presents another opportunity for big investors to try casinos.
Like every other company in the gambling industry, Boyd gaming has also experienced drawbacks. In the first quarter of 2020, they announced a net loss of $18.3 million following the disappointing quarterly incomes of $680.5 million. Following this economic drawback, in February this year, they reported their recovery from 2020’s decline.
Boyd Gaming started in 1973, making the company prominent since then. They evolved by introducing the use of its Stardust Social Casino Mobile app. This app offers a variety of regularly updated games for bettors to try their luck. In addition, investors should consider buying BYD’s stock at its discount price.
Las Vegas Sands Corp. (LVS)
Another promising gambling company is Las Vegas Sands Corp. Their resorts brand are currently across Asia and the US. However, since their major decline in the first half of 2020, LVS stocks have struggled to regain economic strength.
The struggle got worse in July when the trading community pushed down LVS’s share by 4%. LVS’s interest expenses reached $118 million in the second quarter. That’s a significant improvement compared to the $143 million announced about that same time.
In addition, the company shows great determination to get back to its feet. They planned on securing a gambling license in Japan. Regarding their current plan, LVS’s move might also be an opportunity for investors to play and accumulate LVS stock today.
Penn National Gaming, Inc.
Penn National Gaming has the potential to attain the lead in the sports betting industry. Since PAPSA closed down, PENN’s betting market in the US paved the way to more tremendous bounds and economic heights.
The company will take advantage of September to begin another service at its Ameristar Casino East Chicago. Ameristar Casino Council Bluffs also guarantees this fantastic offer. PENN’s great presence in the US gambling industry has promising advantages for investors to venture into and anticipate insane paying stats.
Melco Resorts & Entertainment Limited (MLCO)
In 2019, the city of dreams announced its second-quarter results, showing a seventeen percent increase in revenue quarter-over-quarter. This revenue boost has a major contribution to various table games and rolling chip games.
Melco Resorts & Entertainment reported a net income of $100.3 million, doubling their total income from Q2 2018. They still aspire to bring along Morpheus for more revenue to their companies interest. It offers opportunities to investors who wish to diversify their portfolios over time.
Consider adding gambling companies to your portfolio for long-term prospects. First, do your research and find investment plans that suit your portfolio.
