Investors looking to make a quick buck on the stock market today would do well to consider the possibility of buying into the gambling industry. Although the industry was hit hard by the COVID-19 pandemic as a result of the postponement or cancellation of many of the past two year's sporting calendar’s top events, it is a safe bet to assume that stock prices are going to rocket again once the current Coronavirus crisis is over.
Bettors have started checking out new sites to find online casinos that aren’t a part of GamStop. Indeed, we are already seeing some significant green shoots of recovery, possibly driven by a heightened betting interest in the sports that are taking place during a time where entertainment from the normal sources is in short supply.
In this article, we take a look at the three largest gambling stocks that are currently being traded.
Top 3 Publicly Held Casino Businesses With Stock Shares Available
1. Las Vegas Sands (NYSE:LVS)
Las Vegas Sands is currently the undisputed king of gambling stocks. The holding has an enormous market capitalization of $34 billion, while the total value of the enterprise is $45 billion. Despite what you might assume from the name of the company, only around 10% of Las Vegas Sands’ total earnings derive from its operations in the United States such as the Sands Expo and Convention Center and the Venetian hotel and resort in Las Vegas.
So where on earth does all the money come from? Well, almost 60% of total profits come from the far-eastern gambling mecca that is Macau and Singapore, where the company owns six casinos and resorts.
2. Caesars Entertainment (NASDAQ:CZR)
Caesars Entertainment is the dominant force in the U.S. gambling industry. It is by a distance the largest operator in the country, having recently been subject to a merger with fellow gaming giant Eldorado Resorts. This is set to afford Caesars a unique chance to capitalize on Eldorado’s extensive regional gaming licenses to add to its already impressive network of casinos and customers in many states across the country.
Caesars entertainment has just completed the takeover of British gambling institution William Hill in a deal that looks set to boost its market capitalization far beyond the current figure of $23 billion.
3. Flutter Entertainment (OTC:PDYP.Y)
Just behind Caesars with a market capitalization of $22.8 billion comes Ireland-based company Flutter Entertainment. Where Flutter has really cleaned up in recent years has been in the online arena. Flutter owns a number of major betting companies in over 100 countries, including the wildly popular FanDuel game in the United States, SkyBet, Paddy Power, Poker Stars, BetEasy and FoxBet.
Flutter Entertainment’s position as a market leader in online gaming (it currently derives upwards of 85% of its profits from this) means that it is well-placed to continue its success in the coming months as the segment looks set to grow during a possible second lockdown.
Get Your Gambling Stocks
Now could be a good time to invest in gambling stocks. With the industry going from strength to strength, you would be wise to put your eggs in a few baskets via an online stock broker app today.
