Opportunities: Famous Stocks for the Right Gambler
Stake Gambling
April 26, 2022
Casinos in Florida
June 15, 2022
If you are a person who loves to gamble, consider buying casino and gaming industry stocks. As you know, the “House” always wins. Some of the stocks are healthy investments because real estate and other merchandise are involved. Think about investing in the company instead of feeding your quarters into a machine.
Other gaming stocks are a good option if you enjoy the thrill of risk but don’t have the money or desire to fund a real-life casino vacation. The risk level is higher, but the payout can be very lucrative. The trick to investing in this industry is to find the right stocks. The risk level is high, and there can be significant variations in returns. An excellent place to start your research is S&P Capital I.Q. It is a good resource for information about individual stocks.
M.G.M. Mirage
M.G.M. Mirage has a massive presence in the casino, hotel, and entertainment industry in Las Vegas. It also has hotels and casinos in Michigan, Mississippi, and Macau S.A.R. Recently M.G.M. Mirage signed a long-term strategic relationship agreement with Dubai World. The company is traded on the New York Stock Exchange under the ticker M.G.M. The stock sells in the price range of $83.
Boyd Gaming Corp.
Boyd Gaming Corp. may not be familiar to you, but the company has a significant presence in Las Vegas. It owns and operates 11 properties in and around Las Vegas. It also acquired Coast Casinos in Louisiana and is a wholly-owned subsidiary of Boyd Gaming Corp. The stock is sold on the New York Stock Exchange under the ticker B.Y.D. The price is in the $40 range per share. Boyd Gaming Corp. is expected to make steady gains over the next three years.
WPT Enterprises, Inc.
WPT Enterprises, Inc is a company you may know what it produces but not necessarily that much about the company. WPT Enterprises, Inc makes the World Poker Tour and owns the rights to television broadcasting and products branded under the WPT Enterprises Inc name. It is a joint venture between some notables in the gaming industry and Lakes Entertainment Inc. It is a wholly-owned subsidiary of Lakes Entertainment. WPT Enterprises, Inc. is traded on the NASDAQ exchange under the stock ticker WPTE. The stock sells in the $3.50 per share range, but who knows. It may be a sure-fire bet in the long term. There is a great deal of public interest in the World Poker Tour.
Harrah’s Entertainment Inc.
Harrah’s Entertainment Inc. is well-known in the hotel, casino, and resorts industry. It has been in existence for over 60 years. It may be one of the most significant influences on Las Vegas business ventures. Recently it moved forward with its plan to build a world-class sports arena on the Sunset Strip. Additionally, Harrah’s is involved in developing a master development plan for Las Vegas. The stock is sold on the New York Stock Exchange under the symbol H.E.T. The stock trades in the range of $85 per share. One thing is sure: Harrah’s will be around for the long ride.
Conclusion
All of these stocks provide an avenue of investment for the gambler. The key is watching the reserves and determining when you want to buy stocks. Timing is everything in this sector. In addition to casino and resort stocks, there are some excellent technology stocks. This is the area of the gambling sector that supports the casinos in developing new technology for the gaming industry. The field of gaming technology is always on the move due to innovations. Whether the casino is making big money or not, the need for new products is essential to attracting new customers.
The gaming technology field is very competitive, and the only way to stay ahead of the curve is to keep developing new products. The gaming technology team will research new technology and work with the engineers to bring that technology into the casino. They will also work with the marketing team to create new features for existing products that are being implemented in the casino.
