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Top Three Casino Stocks to Buy Now

 

January 17, 2020 (Investorideas.com Newswire) Playing the stock market can be a lot like playing at a casino, in that those who understand how the markets work and what strategies they should use have a better chance to succeed than those who do not. In the case of the stock market, it is also possible to invest in casino stocks, bringing those worlds together for those who choose to invest in that industry. These three casino stocks in particular are interesting right now, as shifts in the casino industry could make them and their investors a winner in the long run.

Konami

Konami is a company that specializes in video gaming, as they have been prominent in creating arcade titles as well as video games for the home. But they have also been responsible for a number of slot titles that have gone in both land-based and online casinos. That has resulted in Konami having a diversified approach to gaming that appeals to everyone from kids to adults, with an ageless appeal making them a viable competitor in a crowded marketplace. And with multiple facets to their gaming business, investors can feel somewhat confident knowing that all of their eggs are not in one basket when backing this business’ model.

When it comes to online slots, Konami could be in a position to grow significantly as more online casino options come available to players in the United States market. There are more states that are moving forward with online casino legalization, which means that there are more players who will have the chance to take part in games from Konami and other developers, which could mean big things for the gaming brand in 2020 and beyond.

MGM Resorts

The physical resort industry is in an interesting place within the casino landscape, as it is getting easier for many bettors to do their wagering at home or elsewhere thanks to the increase in mobile gaming technology throughout that industry. Fortunately, MGM Resorts has figured out a way to counter that shift, by offering online casino gaming in states where they have land-based properties. But the real shift that MGM is taking advantage of is in the world of sports betting, where MGM is a major player.

In states where sports betting is legal and MGM has properties, bettors are able to utilize apps or the web to bet online, creating a revenue stream that was not available in many states just a few years ago. And with a recent partnership solidified with the National Lacrosse League from a sports betting perspective, MGM is earning clout with sports leagues that could see them develop partnerships with more prominent entities going forward that would be a boon for investors.

William Hill

William Hill is a value investment play, as it is a relatively low cost stock that has a lot of upside given the current climate surrounding gambling in the United States market. William Hill has long been involved in sports betting in Europe and Nevada, but has since expanded greatly throughout the US, which could result in a substantial increase in revenue as years pass and sports betting becomes increasingly accepted in the markets in which William Hill operates.

One of the most exciting parts of investing in William Hill right now has to be the idea that more states will pass sports betting legislation in the near future, and that this operator has experience in expanding into additional states relatively quickly. Doing so could do wonders for its stock price, which could do wonders for bettors who are looking to pick up a stock that isn’t pricey and get a strong return out of it.

Things to remember

There are some things to keep in mind when purchasing casino stock or any other stock, for that matter. From the perspective of the casino and gambling industries as a whole, it is worth remembering that the most important thing is growth potential. Emerging into new markets is the key to growing in the current state of the industry, and those companies that are poised to do so find themselves in the best position for the future. Additionally, understanding how the changing landscape could impact a company’s market share should inform decisions on how to proceed with a number of betting related stocks.

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