Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
Silver Short-Term Trend Analysis - 26th June 19
Iran and the Dying Days Of the US Empire - 26th June 19
Why a Saturated Online Gaming Market Spells Good News for Gamblers - 26th June 19
Natural Gas Sets Up Bottom Pattern - 26th June 19
Has Gold Price Broken Out Or Not? Technicals And Fundamentals - 26th June 19
Stocks and XAU Gold Miners Next Bull and Bear Markets are Now Set Up - 26th June 19
Gold Price Trend Forcast to End September 2019 - Video - 25th June 19
Today’s and NINJA Loan Economy - 25th June 19
Testing the Fed’s Narrative with the Fed’s Data: QT Edition - 25th June 19
What "Pro Traders" use to Find Profitable Trades - eBook - 25th June 19
GDX Gold Stocks ETF - 25th June 19
What Does Facebook’s LIBRA New Crytocurrency Really Offer? - 25th June 19
Why Bond Investors MUST Be Paying Attention to Puerto Rico - 25th June 19
The Next Great Depression in the Making - 25th June 19
The Bad News About Record-Low Unemployment - 24th June 19
Stock Market New High, but…! - 24th June 19
Formula for when the Great Stock Market Rally Ends - 24th June 19
How To Time Market Tops and Bottoms - 24th June 19
5 basic tips to help mitigate the vulnerability inherent in email communications - 24th June 19
Will Google AI Kill Us? Man vs Machine Intelligence - 24th June 19
Why are Central Banks Buying Gold and Dumping Dollars? - 23rd June 19
Financial Sector Paints A Clear Picture For Stock Market Trading Profits - 23rd June 19
What You Should Look While Choosing Online Casino - 23rd June 19
INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - 22nd June 19
Here’s Why You Should Drive a Piece of Crap Car - 22nd June 19
How Do Stock Prices React to Fed Interest Rate Cuts? - 22nd June 19
Gold Bull Market Breaking Out! - 21st June 19
Post-FOMC Commentary: Delusions of Grandeur - 21st June 19
Gold Scores Gains as Draghi and Powel Grow Concerned - 21st June 19
Potential Upside Targets for Gold Stocks - 21st June 19
Gold Price Trend Forcast to End September 2019 - 21st June 19
The Gold (and Silver) Volcano Is Ready to Erupt - 21st June 19
Fed Leaves Rates Unchanged – Gold & Stocks Rally/Dollar Falls - 21st June 19
Silver Medium-Term Trend Analysis - 20th June 19
Gold Mining Stocks Waiting on This Chart - 20th June 19
A Key Gold Bull Market Signal - 20th June 19
Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - 20th June 19
Investing in APPLE (AAPL) to Profit From AI Machine Learning Stocks - 20th June 19
Small Cap Stocks May Lead A Market Rally - 20th June 19 -
Interest Rates Square Minus Zero - 20th June 19
Advice for Financing a Luxury Vehicle - 20th June 19
Stock Market Final Blow Off Top Just Hit… Next Week Comes the FIREWORKS - 20th June 19
US Dollar Rallies Off Support But Is This A Top Or Bottom? - 19th June 19
Most Income Investors Are Picking Up Nickels in Front of a Steamroller - 19th June 19
Is the Stock Market’s Volatility About to Spike? - 19th June 19
Facebook's Libra Crypto currency vs Bitcoin: Five Key Differences - 19th June 19
Fed May Trigger Wild Swing In Stock Index and Precious Metals - 19th June 19
How Long Do Land Rover Discovery Sport Brake Pads Last? - 19th June 19
Gold Golden 'Moment of Truth' Is Upon Us: $1,400-Plus or Not? - 18th June 19
Exceptional Times for Gold Warrant Special Attention - 18th June 19
The Stock Market Has Gone Nowhere and Volume is Low. What’s Next - 18th June 19
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

Top Publicly Traded Casino Company Stocks for 2019

Companies / Gambling Jun 12, 2019 - 03:30 PM GMT

By: Submissions


The gambling industry has registered significant growth, with gambling stocks soaring in the past couple of years. This tendency can be explained with the reduction of debt and the increase in margins. Gambling companies from the USA that have taken their operations to major Asian markets like Macao are enjoying growth as of late after the downturn that hit them in 2016.

It appears things are looking up on the European front as well in spite of the higher taxes and the tighter regulatory regime in major markets like the UK. On the other side of the pond, a 2018 Supreme Court decision paved the way for sports betting expansion in the US, which may also help the gambling sector grow.

And indeed, many publicly listed casino companies have been generating consistent profits ever since they launched their operations. The remote gambling sector has also been thriving for the past two decades and is currently worth more than $70 billion.

With so many publicly traded gambling companies, it is easy to get confused if you are a less experienced investor. It is of utmost importance to take the time and do your homework with due diligence if you are planning to buy stocks in a gambling company. Otherwise, investing in a casino operator would be pretty much the same as gambling. With that said, let's have a look at the top 5 publicly traded casino companies to keep a watch on in 2019.

MGM Resorts International

MGM Resorts International is publicly listed on the New York Stock Exchange and is one of the biggest players in the global gambling industry. The company is responsible for the operations of various casino and hotel resorts across the United States and China, providing gambling, entertainment, fine dining, and hotel accommodations among other amenities.

It owns some of the biggest casinos on the Las Vegas Strip, including the Bellagio, The Mirage, Aria Resorts and Casino, Circus Circus, and Mandalay Bay as well as Atlantic City's Borgata, among other US venues.

MGM Resorts International has also successfully expanded outside the United States. The company has penetrated the Asian market, with the launch of several properties in Macao, whose market is currently on an upswing. MGM International is also looking to obtain a Japanese license. The company's revenue in 2018 amounted to $11.7 billion, an 8.94% increase from the previous year.

Las Vegas Sands Corporation

The Las Vegas Sands Corporation is a US casino resort company that is publicly listed on the New York Stock Exchange. The company was established in 1988 by Sheldon Adelson under a different name and still has its headquarters in Las Vegas, Nevada.

It deals with the provision of accommodations, gaming, entertainment, and celebrity chef dining in three major markets – the USA, Macao, and Singapore. According to supercasinosites Las Vegas Sands Corporation operates several major casinos on the thriving Macao market alone, namely Sands Cotai Central, The Venetian Macao, The Parisian, and Sands Macao.

Additionally, it has properties in Singapore and its native Las Vegas but is also looking to expand on the Japanese and Brazilian markets. In 2018, Las Vegas Sands reported yearly revenue of $13.7 billion, which corresponded to a 7.86% growth from the previous year.

Wynn Resorts

Headquartered in Paradise, Nevada, Wynn Resorts is yet another major player in the global gambling industry. The company was officially listed on the NASDAQ Stock Market in October 2002. It specializes in the development and operation of premier casino resorts in the United States and Asia.

The major gambling operator owns and manages one of the biggest resorts in Sin City. Its Las Vegas operation comprises the Wynn and Encore towers, which boast over 4,700 suites, villas, and rooms alongside more than 180,000 square feet of gambling space, a huge golf course, and a night club.

The operator has expanded on the Macao market with Wynn Macao and Encore. Wynn Resorts has been enjoying steady growth in the past couple of years. Its annual revenue increased by 10.67% in 2018 to reach $6.7 billion.

Boyd Gaming Corporation

The Boyd Gaming Corporation was established in 1975 by William Samuel Boyd and debuted on the New York Stock Exchange in 1993. Boyd Gaming is different from the previous three gambling corporations because it has a narrower focus. The company operates gambling and entertainment properties on US soil only.

Boyd Gaming manages 24 major gaming operations, including Fremont Casino and Hotel in downtown Las Vegas and the Main Street Station Casino Brewery Hotel. It also has gaming venues in Louisiana, Illinois, Iowa, New Jersey, Indiana, and Mississippi.

In 2018, the company announced a partnership with MGM Resorts International, which provided the two operators with the opportunity to launch online and mobile gambling platforms in states where either of the two owns landbased casino resorts and remote gaming is regulated. Boyd Gaming generated annual revenues of $2.6 billion for 2018.

Genting Group

Genting Group is a Malaysia-based international gambling operator that owns and manages casino resort properties in the UK, the US, China, Singapore, and the Caribbean region. Some of their most notable properties include the Crockford's Club in London and Resorts World with branches in New York, Manilla, and Singapore.

A Las Vegas branch of the Resorts World brand is expected to open doors for customers toward the end of 2020. The Group also has plans to launch a new property in Miami, Florida. With annual revenue of $2.5 billion in 2018 from its Singapore branch alone, Genting Group is one casino company investors should keep a close watch on. The Group publicly trades its stocks on the Bursa Malaysia Stock Exchange.

By Joshua Rowley

© 2019 Copyright Joshua Rowley - All Rights Reserved 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.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules