Stocks to watch in the US iGaming sector

As the demand for sports betting continues to skyrocket, investors are looking to get in on the action before the market saturates.

Good times or bad, the gambling industry is somewhat immune to the fluctuations of the stock market. Sin stocks, as these are popularly called, are slowly making their way into traditional portfolios as investors look for alternate investment opportunities.

Stocks to watch in the US iGaming sectorYou too can catch in on the action. However, please be advised that the views expressed in this article are the author’s personal opinion and are not to be misconstrued as financial advice. Moreover, this article is solely meant for entertainment purposes. Choosing to invest in any of the following companies is at the viewer’s discretion and risk. However, if you wish to invest, read online casino reviews to study the current trends.

Top 7 US gambling stocks to watch out for in 2020

  1. Wynn Resorts (WYNN) – Following a stupendous performance during the year’s first quarter, Wynn Resorts is looking for a rerun through the year. Especially with the rise of iGaming, the casino’s online wing reported a 5.1% rise in revenue in Vegas alone.
  2. Hilton Grand Vacations Inc. (HGV) Hilton Grand Vegas is working on a plan to merge with Diamond Resorts, a business it had previously acquired. The merger deal is being handled by one of America’s premium equity firms, Apollo Global. If the firm goes public, it will be one of the biggest deals of the year.
  3. Las Vegas Sands Corp. (LVS) – Las Vegas Sands Corp. is facing a temporary decline in revenue due to losses suffered in Macau as a result of a few decisions taken keeping long-term goals in mind. The souring relationship between US and China is also taking a toll on the company’s overseas performance.
  4. Melco Resorts & Entertainment Limited (MLCO) – According to the company’s performance charts, the City of Dreams operator generated an additional 17% revenue in 2019. The company is currently looking to improve their past performance by focusing on Morpheus.
  5. Norwegian Cruise Line Holdings Ltd. (NCLH) – The Norwegian Cruise Line Holdings operates a bunch of casinos apart from the cruise lines. Although most of the company’s shares remain with the majority stakeholders. A small percentage of lower valuation stocks are available on the open market. Although this might seem like a bad signal at the moment, it’s better to get them while they’re cheap!
  6. Penn National Gaming, Inc. (PENN) – Penn is one of the leaders in the sports betting industry today and the business is only expected to rise with the growing demand for online gambling. Expect greater revenue in the near future as Penn starts serving clients at the Ameristar Casino East Chicago.
  7. MGM Resorts International (MGM) – Perhaps an evergreen stock in the gambling market, MGM will not disappoint in the long run. However, don’t expect massive short-term gains from the company’s performance at the stock market.