The global gambling industry is anticipated to reach $516.03 billion in 2021, growing at a CAGR of 10.8%. The restart of operations in casinos and other gaming/betting enterprises following the Covid-19 restrictions is credited with the increase. Over 2.8 million visitors visited Las Vegas in May, according to the Las Vegas Convention and Visitors Authority. The United States has over 2,100 casinos, the majority of which are in Nevada. Caesars Entertainment, Inc. and MGM Resorts International are two of the most well-known casino corporations in the state. People are becoming more interested in iGaming, commonly known as sports betting, because it provides a wider range of casinos and less crowding. In the gambling sector, some prominent casino corporations have embraced the route of digital innovation. In March 2021, iGaming revenue in Michigan was $127.4 million.
Here is Insider Monkey’s list of the 15 best casino stocks to invest in. Century Casinos, Inc. is a casino entertainment corporation based in North America. It owns and operates 11 casinos in Missouri, Alberta, West Virginia, Colorado, Canada, and Poland. Rush Street Interactive and William Hill, two of the company’s partners, recently launched their online casino systems. Bally’s Corporation is ranked fourteenth. The corporation operates ten casinos in ten states and owns a horse racetrack. Bally’s paid $125 million for betting technology supplier Bet.com in June. Golden Entertainment, Inc. is a leading gaming and casino company in the United States. In Nevada and Maryland, the firm owns eight casino resorts. It is the largest gaming company in the United States, with approximately 10,000 gaming machines. One of the oldest racetracks in the world is Churchill Downs Incorporated. In the first quarter, the company earned $34.6 million in net profits, up from $2 million the year before. Macquarie began coverage of CHDN stock in June with an ‘Outperform’ rating. Full House Resorts, Inc. is a casino operator and owner based in Nevada. In addition, the corporation manages hotel and entertainment facilities in the United States. It comes in at number eleven on the list of the best casino stocks to buy. Boyd Gaming Corporation is a major casino operator in the United States. The corporation has a total of 28 gambling sites in ten states, including Nevada, Indiana, Kansas, and Ohio, among others. It recently teamed up with Hawaiian Airlines to develop a consumer loyalty program. For more details, click 15 Best Casino Stocks to Invest In.
Unsplash
