While many people are focusing on renowned online gambling stocks that have been present in the exchange market for decades, some new investors are taking the opportunity in the online gaming industry. This industry is one of those that has been growing at an exponential rate across the globe.
Ignoring online gambling stocks as an investor might not be wise. Many countries are legalizing iGaming and the stocks might soon turn out to be a good choice.
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6 online gambling stocks worth investing in
To identify stocks in the online gaming industry that are worth investing in, you have to check the growth potential of the company. With the current trend, more states are expected to legalize sports betting and online casinos. So, it means the industry will continue to boom. Based on the companies’ growth and consistency, we have identified 6 stocks you should consider investing in.
NetEnt, formerly known as Net Entertainment, is a leading gaming software provider known for top quality products in the industry. Founded in 1996, the company holds licenses that permit it to operate in many countries of the world. Its gaming software is being used on online casinos in different parts of the world. The product includes slots, live dealers, jackpot games, etc.
NetEnt is listed on the Stockholm Stock Exchange and has been performing well after overcoming the competition from other companies in the industry.
Over the last 5 years, Leovegas has been one of the most successful gambling companies in Europe. One of the things that make the company stand strong in online gambling is its mobile casinos. LeoVegas owns the famous LeoVegas Casino which works well on all smartphones and PCs.
The company keeps registering more users who love to play slots and casino games using their mobile devices. Its stock is on the Nasdaq Stock Exchange.
Kindred is one of the top iGaming companies with many betting sites offering sports, bingos, pokers, and all forms of online casinos. One of its popular platforms is Unibet Casino which is the largest sports betting site in the world. The stocks and shares from the Kindred Group can be found on the Stockholm Stock Exchange.
Playtech is an Israel-based gaming software developer. It is one of the most popular casino software providers across England. The company has its stock listed in the London Stock Exchange Market.
Founded in 1999, the company has released more than 500 games. This includes software for online poker, online bingos, scratch card games, live dealer games, slots, and many others.
This is another gambling stock on the London Stock Exchange. Ladbrokes is one of the biggest gambling site in the UK and across the globe. With ten years of being in the stock market, experts call it a conservative investment.
888 Holdings is a versatile iGaming company and this makes its gambling stock worth investing in. The company is able to satisfy the needs of different types of online gamblers around the world. It offers quality sports betting services and poker action in regions where the activities are legal.
Another thing that makes this stock a great investment is that it is affordable. However, many investors may not see the value because it is still cheap at the moment. But it is wise to invest in the stocks now, as its presence is growing rapidly in the United States and many other countries.
The software provided by 888 holdings is being used as sports and casino gambling products in different states. The company holds a license that permits it to operate in several locations where gambling activities are legal. As long as the expansion of the company continues, you should expect a growth in its stock as well.