3 Casino Stocks That Are Going to Win Big Soon

top casino stocks invest in underpriced market value

The casino industry was among the hardest hit by the Covid-19 pandemic. Since March of 2020, casino stocks have struggled to reach their levels from earlier in the year. However, now that it seems a vaccine may be on the way and an economic recovery is imminent, now may be the perfect time to invest in high-quality casino stocks. 

With that said, not all casino stocks are created equal. So keep on reading and we'll walk you through the top casino stocks that you need to consider investing in. 

1. Wynn Resorts 

Before the pandemic hit, Macau was the biggest gambling market in the world. However, it's gambling revenue decreased dramatically in 2020. The summer was especially bad as more travel restrictions in Asia were put in place. 

While Wynn Resorts might not be the biggest casino operator in Macau, they certainly have a lot riding on the industry's recovery. A large portion of their cash flow came from the Chinese city. Travel restrictions should ease as a vaccine becomes widely available. 

Also, a Joe Biden presidential victory can help to ease tensions between the United States and China. This can help Wynn make better deals with the city of Macau in the coming years. 

2. Penn National Gaming 

Penn's casino portfolio is extremely well-positioned for a recovery economy. The company also has a very compelling sports gambling partner (Barstool Sports) to take a large piece of this space. 

Earlier in the year, Penn acquired a large stake in Barstool, which may prove to be an extremely smart decision. Barstool Sports has tens of millions of monthly active users that Penn can leverage. It's also worth pointing out that a significant portion of these users gambles weekly. 

Even more exciting, Penn and Barstool released the Barstool Sportsbook in Pennsylvania in the fall to a very positive response. In the app's first weekend of being available, it broke download records when compared to every other digital sportsbook debut. 

It seems to be apparent that Barstool's followers are looking forward to legal sports gambling products. And that bodes very well for Penn National. 

Thanks to the fact that Penn is well positioned with its brick-and-mortar casinos as well as its online platforms, it can be a great stock to invest in. 

3. MGM Resorts 

While most of Wynn's revenue depends on China, MGM's revenue mainly comes from the United States. Some of MGM's most popular casinos are in Las Vegas and Atlantic City. 

Aside from MGM's casino in Atlantic City, there are other great institutions there too, like the beloved Golden Nugget. Make sure that you know how to win big at the Golden Nugget before you visit, though! 

And like Penn National, MGM has BetMGM which acts as an online sportsbook to boost its stock value. 

Which of These Casino Stocks Will You Invest In? 

If you're looking to make some lucrative moves in the stock market, then you should definitely consider investing in casino stocks. These casino stocks are positioned to break out when a recovery finally occurs. And you don't want to be late to the party when their share price spikes. 

Are you looking for other helpful articles on casino stocks and other smart investments? Visit the Investing, Finance, and Crypto sections of the Bootstrap Business Blog to learn more!

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