Gambling Stocks That Investors Should Be Taking Advantage Of
March 25, 2019 (Investorideas.com Newswire) It would be hard for anyone to deny that gambling isn't a huge industry. This is especially true when it comes to online gambling. Not only are there tons of online casinos available for players to choose from, but they are available all hours of the day and night. This means that there literally is action going on 24/7. This in combination with the fact that more and more states are legalizing gambling and you are truly looking a massive growth in the industry. There is no denying that the industry was already big, but when you throw in these new factors investors could really clean up big time. Gaming stocks are at an all-time high and could generate hundreds of millions of dollars a year in new revenues. Investors that are looking to capitalize on the boom should consider placing money in the following stocks.
Penn National Gaming Incorporated
This is a company that is based out of Wyomissing, PA and it holds ownership interests in gaming and racing facilities as well as video terminal operations. The video terminal operations are mostly slot machine based, but they really do well as slots are one of the biggest attractions in any casino. Recent reports show that this stock along has already increased by 4.7 percent. It has been estimated that shortly the stock will go from $1.48 a share to $1.55 a share.
The Stars Group Inc.
Stars Group Inc. is based in Toronto, Canada and they are known for providing technology-based products and services to the gaming and interactive industries in Canada. It should also be known that they do some business internationally as well so they have quite an extensive operation. They own and operate gaming and related interactive businesses under the name of PokerStars, PokerStars Casino, BetStars, Full Tilt, PokerStars Players No Limit Hold'em Championship, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour, and Asia Pacific Tour. The recent reports show that this year alone the company is expected to post an earnings growth of at least almost 8 percent from last year. Its shares have already increased 9 percent and their stock has been ranked number 2 on the charts for highest potential growth.
Investing In Pokies
It is hard to deny that land-based casinos have a lot to offer investors. However, this doesn't mean that there aren't plenty of lucrative opportunities available with online-based casinos as well. In fact, online casinos are probably more of a hit than land-based casinos because players can engage right from the comfort of their own home any time of the day or night. This in combination with the mobile-friendly access and players from all around the world are truly eating these sites up. And, this is not to even mention all the bonuses like the matched deposit bonus and no deposit bonus. This is something that is not offered by land-based casinos and players are really drawn to such offers. On online casino that has been dominating the market as of late is Pokies. Anyone looking to put money in an online casino should without a doubt consider Pokies.
International Game Technology PLC
This company is based out of London in the United Kingdom area and they operate and provide technology products and services for lotteries, electronic gaming machines, sports betting, and interactive gaming markets. The best part is that they provide these services worldwide so you can rest assured that they are a large operation with tons of lucrative offerings. Their stocks saw some major earnings over the last 30 days and have grown as much as 3.1 percent. If they continue on this trend it is safe to say that you will literally almost double what you are investing.
Churchill Downs Incorporated
Churchill Downs Incorporated in a company that is based in Louisville, Kentucky and they operate as a racing, gaming, and online entertainment company. They provide services throughout the entire United States. Their stocks have seen some solid earnings over the last couple of months and it is estimated that will have a growth rate of at least almost 83 percent. When the news released the latest information about the legalizing of gambling is several new states across the United States their stock saw a 4.9 percent increase.
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