It’s well known that the casino sector is one of the biggest industries in the world. Big companies like Century Casinos (CNTY), MGM Resorts International (MGM), and Wynn Resorts Ltd. (WYNN) own and operate casinos, hotels, ski resorts, and racetracks. (Yes, racetracks). Despite all of this, over the last year, they faced dramatic declines in revenues, having to even close down many physical properties. As a response, these big companies started to shift more and more towards online gambling, with very surprising results.
Century Casinos is a clear example of this, with a revenue of $73.40m in the Q1 of 2021 (A 14% increase from the Q1 of 2020), just in online gambling mainly in the US, Canada, and Poland.
“For the third quarter in a row, we have been able to achieve high operating margins and we believe that will continue to be attainable. We look forward to the reopening of our casinos and racetracks in Canada and Poland, and a busy summer season in North America.” Erwin Haitzmann Co-Chief Executive Officer of Century Casinos stated.
As far as lockdown restrictions, Canadian online casino players were the most affected, but that didn’t stop them from gambling, making use of new technologies like cryptocurrencies (here is a link to a great article explaining all about them), and new safer methods to make use of money online.
Taking all of this into consideration, we broke down the best stocks to keep an eye on in the second half of 2021.
Best Price-To-Earning Ratio Casino Stocks
Vail Resorts Inc.: Vail Resorts operates 36 resorts across the U.S. and other countries. Its resorts include ski mountain complexes with apres-ski activities, international events (The Winter X-Games take place in Aspen), year-round family vacation destinations, and world-class services.
Monarch Casino & Resort Inc.: They own and operate a tropical-themed casino resort in Reno, Nevada, featuring a casino, five-star hotel, 4 restaurants, bars, nightclubs, swimming pools, saunas, entertainment centers, amongst other facilities.
Entain PLC: British-owned sports betting and gambling company that operates in the online sector. The company recently announced it is in the works to purchase Enlabs AB, a Swedish online gaming company for SEK 2.8 billion ($0.33 billion based on SEK/USD exchange rate in May 2021).
Fastest Growing Casino Stocks
Century Casinos: They own and operate eleven casinos in Colorado, Missouri, West Virginia, Alberta, and England. It also operates casinos on cruise ships for Diamond Cruise International, TUI, and Windstar. It owns a 67 percent share in Casinos Poland, which also owns and operates seven casinos in Poland.
Caesars Entertainment Inc.: Caesars Entertainment owns and operates a chain of resorts. Offering casino, poker, roulette, and other gaming facilities. The company also provides food and beverage services.
There you go, you are ready to keep track of these stocks for the rest of the year and see how they evolve.
DISCLAIMER: The comments and analyses expressed herein are for informational purposes only and should not be considered investment advice. While we believe the information provided herein is reliable, we do not warrant its accuracy or completeness.