Which Gambling Stocks Are Worth Looking at Following The 2020 Crash?
Stock exchanges often look like they are on the up, but with a change of the macroeconomic situation, their valuation goes down. The economy faltered at the beginning of 2020 due to the global Covid-19 pandemic, impacting the stock market adversely. Most investors took their money out of the market for fear of incurring losses.
Yet, we still have stocks that are making profits even after the economic slump. The majority of them are gambling services offering games such as roulette, slot machines, and poker, among many other services. In this article, we highlight some of the best performing stock market opportunities worth trying this year.
NetEnt – NETB
NetEnt AB was founded in Sweden in 1996 and is listed on the Stockholm Stock Exchange. With the majority of operations going online following the prolonged impact of Covid-19, this is one stock market that looks ideal for investment as the year draws to an end. It provides gaming software solutions to numerous online casino operators across the globe. These are services that have been on high demand in recent months, a prospect that is not bound to change any time soon.
It deals with a wide array of gaming products, from live casino table games to slot games, and therefore, it is safe to say that their reliability in offering these products comes at a good time. If you’re looking for a stable investment with a strict European regulatory oversight, then NetEnt is for you.
International Gaming Technology PLC
IGT is one of the most recommended tech companies from multiple brokerage firms today. It specializes in offering web-based gaming solutions around the world. It is famed for its multiplayer online roulette game loved for its social interactivity in the online platform.
In addition, International Gaming Technology designs and provides physical gaming systems, cabinets, and ticketing machines to clients spread across all parts of the globe. Currently, there might be little demand for physical gaming equipment, but things are expected to change once the economic situation takes shape.
Everi Holdings – EVRI
Everi Holdings is an American company currently operating in several parts of the USA, Canada, Latin America, and Asia. Investors are interested in well-balanced businesses, and that is what Everi presents. Beyond providing services and different games for the casino industry, the company also offers financial technology solutions.
The broad business approach taken by Everi appeals to many stock investors as it has been profitable since February when every other investment was taking a nosedive.
Penn National Gaming INC
Sometimes in March, PENN dived to a stock valuation low, but it has since shown remarkable growth potential. It has been around for several years, and like other gambling stocks in the list, it has enjoyed tremendous growth.
Following an unexpected slump at the beginning of the year, it fell from the ‘strong buy’ recommendation list, but a stable rise witnessed over the last few months makes it a favorable investment.
MGM Resorts International
MGM Resorts International is one of the US’ most popular gambling brands. It faced huge losses back in May when most industries were feeling the heat of the economic meltdown. When the company announced a slow reopening process in May, confidence among investors began to show. From then on, growth has been steady, and that tells you how much potential there is investing with MGM. Visitor numbers are constantly on the rise, even as the economic situation begins to show signs of stabilizing.