The Best Gambling Stocks: An Informative Guide For You
You must have come across people saying investing in trade or stock markets is just like gambling. So, when you reconsider this, you are not wronging your opinion. Both stocks and gambling involve choice and risk as important benefactors in their operation. We all want to maximize our rewards and minimize our risks.
While you are playing a casino or investing in stocks, you are risking your money in an uncertain outcome, and you are completely unaware of the favorable or unfavorable odds. Now consider both these options combined together and served to you on a platter, now that is a gambling stock for you. You can check out onlinecasinolist.com for more information regarding this topic.
The top 3 gambling stocks for you
What could be a better place than the gaming markets for an investor willing to invest in stocks? Here is the list of the top 5 gambling stocks for you.
Las Vegas Sands Corporation
Las Vegas Sands ($46.6 billion) is the largest global casino company offering services like entertainment, gaming, dining, and accommodations in the US. They decided to sell The Palazzo resort, The Venetian Resort, and the Sands Expo & Convention Center for $6.25 billion. The corporation is listed on the NASDAQ under the symbol LVS.
There was an abrupt drop in the company’s revenue, which resulted in a negative ROI of -10.09%. The company’s stock price as calculated till May 2020 is $59.60. The revenue has recovered in a while which creates an opportunity for investors.
Flutter Entertainment ($39.7 billion) is well known in the United States for its FanDuel fantasy sports as well as its sports betting arm. It is the world’s biggest online gambling operator that owns big names like Betfair, PokerStars, FOX Bet, TVG, and some television networks.
It was formed by merging Betfair and Paddy Power. Flutter Entertainment is considering offering a section of its FanDuel business in the form of an IPO. FanDuel has a 40% share of the US sports betting industry. The company’s stock is up at 12% till today.
DraftKings ($25.3 billion) is the primary beneficiary to bring about major growth in the sports betting industry. It has merged with a special purpose acquisition company last year itself and has already gained a big name in the gaming market, DraftKings stands as the second largest in the US sports betting industry with a share of 25%.
DraftKings attracts more players by leveraging its fantasy sports business with sports leagues, sports broadcast networks, and teams with advantages. The company’s stocks are one of the best-performing, estimated to be 37% in 2021.
The stock investors and gamblers both have to research about the past, study historical performances along with their current behavior to augment their chances of winnings and lowering risk possibilities. Information is of the greatest value in the world of gambling and stocks. You must be very attentive while you are dealing with money, and so you must choose the best gambling stock for you. This article mentions the top picks for you, from which you can choose.
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