The House Always Wins 🎲

The House Always Wins

The American Gaming Association (AGA) has revealed that over $40 billion in revenue has been spun off by casinos in 2018, a record for the fourth year running. Odds on them making it five?

While the rest of the US market trades on flat growth expectations, the gambling industry is only looking up! Investors who dubbed this a “dirty” industry are now giving it a closer look as the legalization of sports betting helps it to yet further revenue records. 30% of casino earnings controversially go towards state finances, and with legalization being the catalyst for more casino license applications up and down the country, many states are welcoming in the bookies.

So, with casinos jam-packed full of punters, how do you place your own bet on gaming stocks? Analyst, Dan Wasiolek of Morningstar, sees “MGM and Caesars well positioned” to expand outwards of Vegas. Established casinos in the USA’s major cities certainly face an influx of competition as hopeful betting houses chase growth. Jeffries analyst David Katz warns that new entrants “are chasing thinner and thinner returns” as they battle for share, especially as the industry looks ripe for a shake-up with mobile sports betting. “Picking a winner can be difficult,” he goes onto say, so investors, tread carefully.

Leading gaming stocks like Wynn Resorts and Las Vegas Sands likely have the growth formula in front of them. However, investors looking to moralize their holdings might want to steer clear of the Vegas Strip. The AGA warned in this year’s report of a black market formed of “offshore sports books and street bookies.” Ethical considerations are fair game in stock-picking, feel free to quit while you’re morally ahead.

Avengers Crushes Box-Office Records

Share:
More Posts
OPEC’s Decision 🛢

OPEC leaders just hosted an important late-November meeting that may signal a change in strategy.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.