‘UK’s Online Gambling Stock trend
Gambling is a popular form of entertainment in the UK. The gambling industry has been on the rise since 2020. People started playing betting games online which increased 50% revenue growth in Online gambling of the British industry.
Gambling has been profitable business in the UK for years. Many major industry players have become the market leaders now.
The stocks of sports and gambling companies are offering a potential long term investment.
Flutter Entertainment is a new gambling conglomerate that joined in 2016. It owns Betfair, Paddy power, Fandueel, Foxbet and Pokerstars. The current market value of the company is 22 billion Euro.
BetMGM, a sports betting company, recently acquired Entain for more than 11 billion Euro. However, the deal fell apart shortly. Entains operates the following online gambling brands- Ladbrokes, Bwin, party Casino, Coral and Party Poker.
Gamesys is a UK gambling company with Enjoy and Excite platforms. The company has been expanding in the African market to boom online gambling in Nigeria. Its current market value is 1847p. The stock is reasonably priced based on the P/E index.
