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Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

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.

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