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The Stock Performance of Public Casino Companies in 2017

Companies / Stock Market 2017 Sep 13, 2017 - 02:47 PM GMT

By: Submissions

Companies

Vanessa Spears writes: The markets are performing unbelievably in 2017 so far, as compared to a rough and rocky ride in 2016. Investors around the world are counting their cash and hoping it continues for a long time to come.

We decided to zoom in and focus specifically on the performance of some prominent public casino companies. How is the gambling industry holding up, as the rest of the markets rocket up?


Let’s take a look at the top names one by one.

Playtech (PTEC)

So far in 2017, Playtech stocks have grown fairly significantly. After finishing 2016 at 825.00, a share in Playtech will now cost you 967.50.

Anyone who invested in this online casino games producer at the start of the year will be happy they did so!

NetEnt (NETB:SS)

Another online casino games provider which has seen significant growth this year is NetEnt. Trading on the Stockholm Stock Exchange, NetEnt entered 2017 at 71.15 and currently sits at 78.50.

As mobile casino gaming continues to grow, we expect NetEnt and other companies which provide mobile slots and games to grow, too.

Las Vegas Sands Corp (LVS)

Turning our attention to land based casinos, this operator came into 2017 hovering just over 53.00, and today is trading at 60.54 which most of the growth having happened in July.

In case you aren’t familiar with the company, this operator operates the Venetian, the Palazzo, and several casinos throughout Asia.

MGM Resorts International (MGM)

This mega operator isn’t performing quite as well as some of the others mentioned above, but it’s still up since the beginning of the year by close to 10%.

Having come into 2017 at just below the 30 mark, shares at the time of writing are trading for about 32.50.

MGM Resorts International has assets like the Bellagio, MGM Grand, and the Mirage.

Wynn Resorts Ltd. (WYNN)

Another beneficiary of the market boom is the owner and operator of Wynn Las Vegas and Encore.

Wynn entered this year trading at just over 100 a share, and is now well over the 125 mark. Quite a year so far!

Summary

As you can see, whether it’s online casino games software houses or physical, land-based casinos, money is being made hand over fist as these sin stocks continue to grow and grow.

There’s never been a better time to invest in the casino industry. Will it continue for the rest of 2017? It’s difficult to see why not.

For more information visit:

Special thanks to David Andersson for his contribution to this article.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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