Investors should always be on the lookout for new and emerging industries because companies in those industries often have incredible room for growth. Right now, the online betting industry is one such industry. For instance, online sportsbooks have never been more prevalent than they are right now. Likewise, online casino games have never been more popular because popular casino games can now be played online and with mobile devices. As a result, there is a multitude of stocks from gambling-oriented companies that investors may want to consider.
Finding the right gambling stock can be a good addition to any portfolio. That doesn’t mean every stock is a good fit. This is an industry that can be affected by changes in regulations, not to mention other complexities like supply and demand that have an impact on other industries as well. Keeping that in mind, we wanted to pass along a few gambling stocks that are worth monitoring and could be a good investment based on your portfolio needs and goals.
DraftKings (DKNG)
DraftKings has become an obvious name to watch because of its immense popularity. It started as a platform for daily fantasy sports but has expanded into online sports betting and casino games. It also has a strong media presence and its own consumer products, which doesn’t hurt the DraftKings profile.
Everi (EVRI)
While online betting platforms are the current trend, brick-and-mortar betting is far from dead. That’s why a company like Everi could still be a viable investment. Everi develops gaming machines and systems for both land-based and i-gaming companies. It has clients worldwide, including the U.S. and Canada, giving it a healthy business model and a promising future.
Las Vegas Sands (LVS)
The center of the gambling world is still Las Vegas, which makes an entity like Las Vegas Sands worth consideration by investors. Along with several subsidiaries, Las Vegas Sands owns and operates an almost endless list of upscale hotels and resorts, many of which offer casino gambling. But don’t let the name fool you because Las Vegas Sands isn’t just located in Las Vegas. It has properties all over the world, including several notable resorts in Asia.
Ballys (BALY)
Bally’s Corporation is among the leading casino entertainment companies in the United States. The company owns and operates 15 casinos across 10 states, a golf course, and a horse racetrack. Additionally, Bally’s holds online sports betting (OSB) licenses in 18 states, so they have adapted to meet the growing trend in online betting without sacrificing any brick-and-mortar properties. The company is also active in interactive gaming operations and has an online casino.
GAN Limited (GAN)
GAN Limited is a SaaS solutions provider tailored toward online casinos and sports betting platforms. They have clients throughout the U.S., Europe, and even Latin America, giving them a global presence and access to global markets. One of its main product offerings is called GameSTACK, which is a turnkey technology solution for online gambling, sports betting, and virtual simulated gaming platforms. But there is also a B2C element to GAN, giving the company plenty of versatility.
