Investing in stocks, just like any game of chance, it comes with its risks and rewards.
If you’re considering adding some excitement to your investment portfolio, here’s a closer look at some gambling stocks that are worth keeping an eye on.
1. Entain PLC (Formerly GVC Holdings Plc)
Ticker Symbol: ENT.L
Market Cap: $7.423 Billion
Entain PLC, formerly known as GVC Holdings Plc, is a global leader in the gambling sector, boasting a vast portfolio of brands and services.
Several of their brands have achieved remarkable success, with PartyCasino being a prime example.
What makes Entain stand out?
Well, it’s not just about the games—it’s about the reach.
With a presence in numerous countries, including the United Kingdom, Australia, and the United States, Entain has a diversified portfolio that spans across the globe.
Investors looking for international exposure in the gambling sector might find this stock intriguing.
2. DraftKings Inc. (DKNG)
Ticker Symbol: DKNG
Market Cap: $13.752 Billion
DraftKings is a name that’s been making waves in the world of sports entertainment and gaming.
The company operates a digital sportsbook and gaming platform that has garnered attention from both sports enthusiasts and investors alike.
With its multi-channel sports betting and gaming technologies, DraftKings has expanded its reach to operators in 17 countries.
The company’s focus on the online and mobile betting experience has positioned it well for growth in the evolving landscape of sports betting.
3. Scientific Games Corporation (SGMS)
Ticker Symbol: SGMS
Market Cap: $5.614 Billion
Scientific Games Corporation is all about technology and innovation in the gaming industry.
From gaming machines to electronic table systems and video lottery terminals, they’ve got it covered.
They also provide content for various gaming segments, including lottery and digital gaming.
What’s intriguing about Scientific Games is its diverse product offering.
The company’s involvement in both new and used gaming machines and its perpetual licenses for proprietary table games make it a versatile player in the industry.
4. MGM Resorts International (MGM)
Ticker Symbol: MGM
Market Cap: $15.348 Billion
MGM Resorts International is a heavyweight in the casino, hotel, and entertainment resort sector.
With operations in the United States and Macau, the company boasts a vast portfolio of resorts offering gaming, hotel, convention, dining, and entertainment experiences.
While MGM Resorts has a significant market capitalization, it’s essential to note its relatively high P/E ratio, suggesting a higher valuation.
This could reflect investor confidence in the brand’s potential for growth and revenue generation.
5. Las Vegas Sands (LVS)
Ticker Symbol: LVS
Market Cap: $38.054 Billion
Las Vegas Sands is all about integrated resorts in Macao and Singapore, owning and operating renowned resorts like The Venetian Macao and Marina Bay Sands.
One thing to watch with Las Vegas Sands is its high P/E ratio, indicating a premium valuation.
However, it’s worth considering their established presence in the Asian market and potential for further expansion.
These are just a few of the companies that have caught our attention, but remember that investing in this sector comes with volatility and uncertainty.
As with any investment, thorough research, careful consideration of your financial goals, and risk tolerance are essential.
Additionally, stay updated with the latest news and earnings reports from these companies to make informed decisions.