If you’re looking for a hot investment opportunity, you may want to consider the gambling industry. The global gambling market is worth an estimated $335 billion, and it’s growing every year.
If you’re thinking about investing in this industry, here are three casino stocks that are worth considering.
Let’s get going with a look at the overall health of the gambling business.
Is the gambling business a smart investment?
The gambling industry is growing rapidly. The global gambling market is expected to reach £481 billion by 2025, an increase of nearly £146 billion in just seven years. That’s a compound annual growth rate of almost 11%.
Investors are clearly bullish on the industry. The stock prices of the three largest publicly-traded casino companies have all increased significantly over the past five years. Las Vegas Sands (NYSE: LVS) is up 140%, MGM Resorts International (NYSE: MGM) is up 90%, and Wynn Resorts (NASDAQ: WYNN) is up 50%.
There are a number of reasons for this optimistic outlook. First, there’s the rise of Asia as a gambling destination. Macau, the world’s largest gambling market, has seen incredible growth in recent years. Second, there’s the advent of online gambling, which has opened up the industry to a whole new group of customers. And finally, there are the ever-growing mega-resorts in Las Vegas, which continue to attract visitors from all over the world.
According to David Adams, Managing Editor of Paybyphonebillcasino.uk: “Right now is a great time to invest in gambling, with the industry enjoying a purple patch since COVID.”
“Time will tell but savvy investors are getting in there right now.”
So, what does this mean for investors?
The gambling industry is clearly on the upswing, and now is a great time to consider investing in it. If you’re looking for casino stocks to buy, here are three that are worth considering: Las Vegas Sands (NYSE: LVS), MGM Resorts International (NYSE: MGM), and Wynn Resorts (NASDAQ: WYNN).
These are all large, well-established casino companies with a proven track record of success. They also have a strong presence in Asia, which is the fastest-growing gambling market in the world. So if you’re looking to profit from the boom in gambling, these are three stocks that you should definitely keep an eye on.
Let’s take a look at these in a little more detail…
Las Vegas Sands (NYSE: LVS)
Las Vegas Sands is the largest casino company in the world, with a market capitalization of over £50 billion. The company owns and operates The Venetian and The Palazzo, two of the most iconic resorts on the Las Vegas Strip.
Sands also has a significant presence in Asia. The company’s Marina Bay Sands resort in Singapore is one of the most popular tourist destinations in the city-state. And in Macau, Sands China (OTC: SCHYY) operates a number of properties, including The Venetian Macao and Sands Cotai Central.
MGM Resorts International (NYSE: MGM)
MGM Resorts is another large casino operator with a market cap of over £20 billion. The company owns and operates a number of iconic resorts, including Bellagio, MGM Grand, and The Mirage.
MGM also has a strong presence in Asia. The company’s MGM Cotai resort in Macau is the largest casino in the world, and it’s quickly become a popular destination for tourists and gamblers alike.
Wynn Resorts (NASDAQ: WYNN)
Wynn Resorts is a smaller casino operator with a market cap of around $15 billion. The company owns and operates Wynn Las Vegas, Encore Las Vegas, and Wynn Macau.
Wynn Resorts is one of the most well-regarded operators in the industry. The company has won numerous awards for its resorts, and its properties are consistently ranked among the best in the world.
If you’re looking to invest in gambling, these are three casino stocks that are worth considering. Las Vegas Sands (NYSE: LVS), MGM Resorts International (NYSE: MGM), and Wynn Resorts (NASDAQ: WYNN) are all large, well-established companies with a proven track record of success. They also have a strong presence in Asia, which is the fastest-growing gambling market in the world. So if you’re looking to profit from the boom in gambling, these are three stocks that you should definitely keep an eye on.
Summary
The gambling industry is clearly on the upswing, and now is a great time to consider investing in it. If you’re looking for casino stocks to buy, Las Vegas Sands (NYSE: LVS), MGM Resorts International (NYSE: MGM), and Wynn Resorts (NASDAQ: WYNN) are three that are worth considering.
