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December 20, 2016

Casino Stocks Are Surging: Here Are Some of the Leaders

Casino stocks often prove to be good investments, mainly because the casino industry is on the rise and even more people are choosing to gamble not only in their local casinos but also online. This has given the online gambling industry, even more, opportunity to grow, and that is why there will be many more new online casinos in 2017. Casino stocks are surging because of this, and in the past year, many casino businesses on the stock exchange have risen in price, making investors earn a lot of money.

Because of this, even more investors are choosing to side with casino stocks because, at the moment, it seems to be a viable investment opportunity. Of course, there aren’t any investment opportunities that are guaranteed to be profitable, but casino stocks currently look like one of the safest options. If you are interested in getting to know a bit about some of the most profitable casino stocks at the moment, you will find a list of the current leaders below.

Las Vegas Sands

Las Vegas Sands is one of the high rollers when it comes to casino stocks. In 2016 their stocks surged again, giving them even further growth over their competitors. Their casino stock is currently leading the stock exchange, and with a yield of more than 5%, it’s looking like a safe option to invest in. It seems like they will lead for the foreseeable future, with other casinos opening and bigger property plans on the horizon. Their Macau presence is what drives them forward, thanks to their massive properties, and it’s only a matter of time before it gets bigger, and the same goes for their casino properties in Las Vegas.

Wynn Resorts

With casino properties in Las Vegas and Macau, Wynn Resorts are at the top of their game, and their casino stock is rising on a daily basis. Wynn Resorts was founded in 2002, and since then, has become one of the most popular companies when it comes to offering customers a unique casino experience. Their stocks are a little pricey when compared with some of the other bigger companies on the exchange, but it could offer long-term success if the casino stocks continue to grow at the rate they are. It could be a matter of time before Wynn Resorts casino stocks are as valuable as they once were back in 2015.

MGM Resorts

MGM Resorts offers their consumers an ultimate casino experience, which is why they are sitting comfortably as one of the top casino stocks on the market. MGM Resorts has a big presence in America and is one of the go to casinos on the popular Las Vegas strips. With average yearly revenue streams of around 10 billion dollars, MGM Resorts is one of the most popular companies when it comes to hospitality and in-house casinos.

It’s quite clear that casino stocks have struggled in the past, but presently in 2016 the above casino stocks are surging and they could prove to be very profitable in the long run if they were to come anywhere near their past record values. As with any investment, profit is not guaranteed and neither is any return at all, but when you look at how well the above companies are doing and the news of their future ventures; it could help raise their stock prices even further. There are of course many other casino stocks that are doing well, but the above stocks are the ones that are rising on a daily basis and have provided much higher yield than their competitors.

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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