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Tag: WYNN

  • The 3 Top Gambling Stocks to Buy for the long-term

    The 3 Top Gambling Stocks to Buy for the long-term

    The gambling industry has both top for growth and top for value stocks.

    After largely been hit by the pandemic, the gambling industry has entered a new phase. Number of gambling and casino companies are introducing online betting platforms, now. The significance of the online industry has grown during the pandemic. The businesses have understood that the future belongs to the e-market.

    The gambling sector is consisting of a broader gaming industry that focuses on leisure, casino gaming, and resort properties. The gambling companies own hotels, racetracks, ski facilities, and run activities that involve betting.

    As we head forward into 2021, things are expected to get better for businesses. For investors, in the meantime, they need to follow the stocks from gambling and the market trend—what’s coming up next. So, if you are interested in gambling stocks, here are the three top stocks for long-term investment.

    Wynn Resorts (WYNN)

    Wynn Resorts (WYNN) is a developer and operator of high-end hotels and casinos. The company has been focusing on its online network. Wynn is a well-established gambling firm in the market worth over $13 billion.

    On Feb. 10, 2021, the company’s premier casino and sports betting app, WynnBET was conditionally approved for sports gaming in Tennessee. WynnBET is currently available in certain other US states including New Jersey, Colorado, and Michigan. While it has access to certain other states and has submitted for a license in Virginia.

    Moreover, Wynn’s online app has collaborated with Memphis Grizzlies to strengthen its commitment to the Tennessee sports. In partnership with Grizzlies, WynnBET will work on the promotion through high-impact experiences emblematic of the energy for both brands.

    Wynn Resorts (WYNN) has made its move and is growing its digital ecosystem. With the opening of its resorts following the closure or restriction amid the pandemic, the company will improve its financial position in the coming quarters. So, Wynn is one of the top gambling stocks for investment in the long-term.

    International Game Technology (IGT)

    International Game Technology (IGT) is a multinational gambling corporation that specializes in the production of machines and other gambling technology. IGT has been working on expanding its ecosystem across its different segments.

    In that premise, the company recently announced the expansion of its historical horse racing (HHR) segment with IGT’s first historical racing machine (HRM) deployments in Virginia.In collaboration with Exacta Systems, the company at Peninsula Pacific Entertainment-owned gaming centers would provide players with their favorite game themes such as Red-Hot Tamales! ® and Fortune Coin®.

    In another development, IGT’s subsidiary, IGT Global Solutions Corp.signed a 4-year extension contract with Kentucky Lottery to continue iLottery and mobile app services. With this new contract, the company would target to engage new IGT PlayLottery content to its existing online gaming portfolio. 

    International Game Technology (IGT) stock has returned over 65% in the last five years to its shareholders. So, it would be an interesting bet in the long-term.

    GAN Ltd. (GAN)

    GAN Ltd. (GAN) is another prominent gambling stocks in the market. GAN is ranked as the #01 online gaming platform in the US. The company is building the background infrastructure that online gambling is built on. The software services include payment services, player identity validation, and regulatory reporting. And, with the acquisition of Coolbet last year, the company would penetrate the global sports betting market.

    A very warm coming event for GAN, the Super Bowl LV helped the company to deliver a record 14.6 million from settled online bets, popping up to a whopping 186% year-over-year. Most importantly, the company has signed a 10-year deal with one of its customers, Greenwood Gaming & Entertainment to license GAN’s patented iBridge integration framework.

    Moving ahead, GAN Ltd. seems a promising stock from the gambling sector.

  • Top Leisure Stocks To Watch In February 2021

    Top Leisure Stocks To Watch In February 2021

    Leisure stocks all over the world have taken a hit since the pandemic started and suffered like all major stocks. But with the vaccine insight and some parts of the world already being vaccinated, leisure stocks are seen as a good investment once again. 2021 is predicted to be the year of leisure stocks’ recovery and this is mainly due to the Covid-19 vaccine news. The leisure industry basically consists of companies which provide recreation products and certain services ranging from travel, golf courses, outdoor spaces, and swimming pools. And while many of these stocks have tanked recently, there are a few stocks which are showing potential in overcoming the pandemic that created havoc.

    Cinemark Holdings, Inc. (NYSE: CNK)

    Cinemark Holdings, Inc. (CNK)‎ has been one of the third biggest exhibitor in the United States in terms of market shares due to its 553 theatres and 5,974 screens in sixteen different countries. CNK’s administration performed particularly well during the pandemic because it closed its less profitable theatres and cut its expenses for unnecessary operations. High management also removed dividends for a short amount of time and helped in keeping the balance sheet in a positive position at $0.5 billion while refusing to take any salary until operations returned to normal. While nearly 65 percent of Cinemark’s theatres are open, they are still lower in a capacity as compared to before. With the end of the pandemic in sights, it is likely that people will once again return to activities such as movies at theatres.

    Wynn Resorts, Limited (NASDAQ: WYNN)

    While hotels have also been hampered by the pandemic and social distancing, reopening has started again through a laborious process. Hotels have the ability to tolerate empty rooms with less damage than airlines. And since the virus has spread across time, the damage is easier to contain as well which will lead to a quicker recovery. And Wynn Resorts has had a reputation on Wall Street for winning but it is still a new brand management team which faces its own challenges. As stocks fall to $67 per share, Wynn Resort’s stocks will recover with the trend of higher lows remaining intact off the coronavirus bottom.

    Carnival Corp (NYSE: CCL)

    Carnival Corporation is a British-American owned leisure cruise industry giant which is actually the largest cruise company in terms of travel leisure globally. Carnival owns more than 100 ships which provide services to 10 top line cruise brands. It is also a part of FTSE 250 and S&P 500 indices. Even in the midst of the pandemic, the company has held $8.2 billions in cash and has also held cash equivalents towards the end of its last quarter. Carnival’s share price also went up by 15 per cent towards the end of last year and its stock is expected to recover once travel reopens. The company also made up some percentage of its losses during the holiday season last year when it offered special deals and discounts.