What Are the Best Gambling Stocks To Buy in 2021?
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The gambling industry is a fast-growing and profitable one. The best gambling stocks to buy in 2021 offer the newest technological advances to their customers.
Boyd Gaming is a gaming company with a presence in 10 states. It's the best-performing casino operator so far in 2021. The company has an extensive sportsbook and online gaming business.
DraftKings Inc. is a daily fantasy sports site with a market capitalization of over $20 billion. Since its initial public offering in April 2020, it has appreciated by 165%. The company has been making substantial efforts to strengthen its position in the market, becoming one of the NFL’s sports betting partners and announcing its acquisition of Golden Nugget Online Gaming Incorporated last August.
VIP and mass premium audiences account for the bulk of Wynn Resorts' revenue and profit. Macao’s monthly gaming revenue increased by more than half in February.
Gaming and Leisure Properties owns 44 casino properties in the United States and leases them to casino operators. The company's recent collaboration with Bally's Corp. generated over $60 million in annual rent and $500 million of acquisition financing. Melco Resorts & Entertainment is a gaming company based in Hong Kong that focuses on Macao. Its monthly gaming revenue was down 80% last year.
The depth and breadth of product offerings is the most important factor when deciding what gambling stocks to invest in. For example, if you're looking for gambling companies with high-growth potential, you'll want to look at companies like NFL’s sports betting partners and Golden Nugget Online Gaming Incorporated.
Newer gambling companies have a chance of becoming big players if they offer something unique or have some competitive advantage. This often comes from having a longstanding reputation, an innovative product, or an experienced management team.
vertically integrated gambling firms have more control over their growth path and are less vulnerable to changes in market conditions. They offer better products because they aren't beholden to outside forces.
Gambling companies are better poised for success because they can become all things to all people. They offer an extensive product catalog and clientele to make them attractive to a wide range of potential players.
There are a number of gambling stocks to choose from. Some investors are risk-averse, others look for high-growth potential and others accept uncertainty.
