The gaming industry is a very fast growing and profitable industry. The best gaming stocks to buy in 2021 have been around for quite some time and offer the latest technological advancements to their customers. This article will discuss these best gambling stocks and how real money online slots relate to them, as well as important things to keep in mind when deciding which gambling stocks to buy. Keep reading.
Best gaming stocks to buy in 2021:
- Boyd Gaming Corp.
- DraftKings Inc.
- Wynn Resorts.
- Gaming and Leisure Properties Inc.
- Melco Resorts & Entertainment.
Boyd Gaming Corporation
Boyd Gaming is a national leader in the gaming industry, and it’s no surprise they’re enjoying a resurgence. Regional markets have been a growth area for Boyd Gaming, one of the biggest players in the field. Although it has a massive presence in Las Vegas, Boyd Gaming is not dependent on the touristy Las Vegas Strip.
He was able to get back on his feet as he focuses on more local casinos in 10 states. It is the best performing casino operator so far in 2021, posting a return of over 40%, and it also has an extensive online sports betting and gaming business, making it a title that worth considering buying for the post-pandemic return.
With a market capitalization of over $20 billion, daily fantasy sports site DraftKings is one of the most well-known names. Since its IPO in April 2020 through an ad hoc acquisition company, it has appreciated by 165%. Analysts are still envious of DKNG, continually pricing them on an “outperform” basis and at current prices, already making nearly 40% gains for those who jump ship.
The company has also made significant efforts to strengthen its position in the market, becoming one of the sports betting partners of the NFL and announcing its acquisition of Golden Nugget Online Gaming Incorporated (GNOG) last August. They also reportedly pursued a $20 billion bid for Entain Ltd., a booming UK business that has major stakes in several different forms of gambling, including football/soccer betting as well as horse racing on various tracks around. England.
Macau’s VIP and mass public, who visit the city, account for the bulk of Wynn Resorts’ revenue and profits. While some relief may be on the way after the COVID-19 pandemic severely halted operations, the company still believes things will return to normal as most travel limitations have been lifted.
Macau’s monthly gaming revenue more than halved in February, but that was an insufficient bar to cross. However, there is optimism that the big players will soon return here and abroad, allowing the world-class resort to thrive once again.
Gaming and Leisure Properties Inc
Gaming and Leisure Properties is a triple-net lease real estate investment trust that owns 44 casinos in the United States and leases them to casino operators. The company’s recent collaboration with Bally’s Corp. (BALY) has already generated more than $60 million in annual rent and $500 million in acquisition financing.
According to documents and filings, GLPI has a history of developing and sourcing contracts in a unique way. It appears to be growing and diversifying its tenant base by paying investors a 5.7% dividend. Bank of America has placed a “buy” rating along with a price target of $55 for shares of Gaming and Leisure Properties Inc..
Melco Resorts & Entertainment
Melco Resorts & Entertainment (NASDAQ: MLCO) is a Hong Kong-based gaming company primarily focused on Macau. Apparently Macau is the only place in China where gambling is legal. The company has an integrated resort in Manila and recently hinted at plans underway for one in Cyprus by 2022.
Melco is not immune to the devastation caused by the coronavirus pandemic as, like all other resorts dependent on Macau, its operations have been severely damaged. Even though the area has been open since February 2020, travel restrictions have hampered its recovery. Monthly gaming revenue was down 80% last year and is currently only marginally better; it should nevertheless improve steadily this year.
How do you choose the best gaming stocks to buy?
5 important factors to keep in mind
While we can’t say for sure what the future holds, many say investors who play it safe and diversify their portfolios with a number of different stocks will make more money than those who don’t. not. Although the future cannot be predicted either, it is possible to choose companies that seem poised for success in 2021 based on certain criteria such as:
The depth and breadth of product offerings
This is the most important factor in deciding which companies to invest in. For example, if you’re looking for gambling stocks with high growth potential, you’ll want to look to companies like NFL Sportsbook Partners and Golden Nugget Online Gaming Incorporated. (GNOG) that expand their services by acquiring other businesses in related industries; this way they will be able to grow both horizontally and vertically within the industry.
New gambling companies have a real chance of becoming big hits if they offer something unique or get a head start on their competitors through some type of competitive advantage. It often comes from a long standing reputation, an innovative product or an experienced management team. To get a real idea of who might become a real contender over the next year or two, it’s always best to look at those that have been around for a few years and have had time to gain momentum.
Look at whether a company takes bets within its own customer base, if an outside party places the bet, if real money gambling is involved, or if there are other unique sources of revenue generated by the company itself . A vertically integrated gaming business will have more control over its growth trajectory and may be less vulnerable to changing market conditions. These companies can also offer better products because they are not beholden to outside forces that do not value their pokies as much as their competitors.
Potential for growth, commercialization and scalability
Some gambling companies are in a better position to succeed because they can become everything to everyone. This means they can offer a large enough product catalog and customer base to make them appealing to a wide range of potential players. If you are investing in this type of business, it is very important to examine their competitive advantage, market position, industry trends and potential growth opportunities, etc.
There are a number of different companies you can invest in if you want to own the gambling stock market. While some investors are risk averse, others seek high growth potential and accept more uncertainty. as part of the equation. No matter what type of investor you are, there is a gaming company that meets your needs and risk tolerance.