Whether you’ve got a diverse portfolio already or you’re just looking to get started with investing, gambling and betting are some of the best industries to trust your money with. The industry has shown enormous growth in recent years and that trend is only expected to continue in the coming years, growing by at least 10% in the run-up to 2030.
As seen with the growth in the US of gambling and through smaller countries like Italy, France and Ireland, gambling is not going away and thus investing will allow you to hop on this lucrative industry. Taking a look at casinos that offer slots in Ireland, you can see there are hundreds if not thousands of competing companies, showing how big the market is.
Knowing which gambling companies are best to invest it can be tricky, though, given how many there are. Today, we’re going to look at some of the best gambling companies that you should invest in.
Let’s get started.
- Penn National Gaming Inc.
Penn is one of the largest casino and racetrack operators in the world, doing most of its business in North America. They run around 44 facilities across the U.S. and Canada. Some of their recent acquisitions, such as Hollywood Casino Perryville, have made them a force to be reckoned with in the gambling world.
Their profits are up steadily year-on-year, up from $1.1 billion to $1.27 billion in 2021. These profits are already staggering without considering the enormous growth they are undergoing.
This is definitely a smart choice for investing in a gambling company.
- Wynn Resorts LTD
Wynn Resorts boasts some of the most top-of-the-line casinos and hotel facilities in the world, from Las Vegas to Macau. They also merged with another company, Austerlitz Acquisition, in recent years, massively improving their potential for growth in the coming years.
With an operating revenue of around $725 million, they have seen a gain of 27% from their previous year. The company is currently estimated to be worth around $1 billion. This is another strong candidate for your investment portfolio.
- MGM Resorts
MGM is a legend of the industry, and though they’ve been around for a long time, their growth shows no signs of slowing down. They operate casinos and resorts in a large number of different places, as well as sports betting services. With annual revenues again in the billions–$1.6 billion in 2021—they are plainly in a very strong position for investing.
Going with well-established legends in your investment doesn’t guarantee a strong return, but it’s certainly always a strong consideration.
A newcomer that has taken the industry by storm in its first few years is DraftKings. They have largely been able to be so successful because they have closely watched the legalization of sports betting in the US, and made sure to be there waiting to corner the market.
Their revenue has jumped an enormous 253% year-on-year, bringing in around $300 million in profit. This company can only be expected to grow further in the coming years, making them a solid investment.
- Las Vegas Sands
Finally, it’s still always a good bet to invest in Vegas. Las Vegas Sands is one of the biggest operators in the world, offering hotel, casino and sports betting services both online and land-based. Their profits rose by $1.2 billion on previous years, and the total shares of the company are worth around $2.4 billion.
You may want to take the time to monitor the share price to buy at a dip, but whenever you buy, Las Vegas Sands is a strong investment candidate.
You are certainly not short on choice, then. Whether you’re looking to invest in sports betting, casinos and resorts, or just about any area of the betting industry, there will be an option for you to choose. Investing can be a very savvy move but it can also be a big risk if not managed right—so always invest responsibly.