When analyzing the stock market, there’s no better way to increase your chances of success than by only investing in stocks of companies that are likely to see their value grow significantly in the foreseeable future.
To make sure that any investments you make are going to pay off, it’s essential that you do your research beforehand so that you can only invest in those businesses with the potential to skyrocket in value.
If you’re looking for some of the best stocks to invest in right now, we can help. In this post, we will take a look at some of the top casino stocks available right now according to No Verification Casino. So, if you’re interested in getting involved with this industry and seeing a significant return on your investment within a reasonable amount of time, keep reading!
MGM Resorts International (MGM)
First up on our list of the top casino stocks to watch out for is MGM Resorts International, which has been in the business of owning and operating casino resorts since the late 90’s. Now, MGM has expanded its operations to include not just its own resorts but also those of other companies within the industry.
This has led MGM to become the world’s largest casino operator, with a network of over 50 resorts in 13 different countries. MGM’s dominance in the casino industry also means that it’s benefited from considerable growth in the overall gaming market since the year 2000.
The outcome of all this is that MGM Resorts International is one of the best casino stocks to invest in right now. Its value has increased from around $6.50 per share in 2017 to over $37.50 per share today.
Golden Entertainment Inc (GDEN)
Next up on our list of the best casino stocks is Golden Entertainment Inc, which is one of the largest casino operators in the US based in Las Vegas. GEND has seen its annual revenue increase most years since 2012 thanks to the opening of new casinos and the acquisition of new properties since that time.
The company has been especially focused on growing its presence in Colorado and Pennsylvania, two states in which casinos were legalized recently. These states present a lot of opportunity for growth because people in these regions have been historically hesitant to gamble and visit casinos, but now that it’s legal for them to do so, they are more likely to do so.
This has resulted in casinos in these states growing their revenues at a much faster rate than casinos in other states, which has helped GEND significantly increase its own profits. GEND has been one of the top casino stocks to watch – its value has increased from around $20 per share in 2017 to $45.34 per share today.
Red Rock Resorts Inc (RRR)
Red Rock Resorts Inc is another one of the best casino stocks to watch today. It is a casino operator and owner, and it was founded in 2007. Since then, it has established itself as a leading operator and owner of casinos in Southern Nevada, where Las Vegas is located.
RRR currently owns and operates four casinos in the area, including Red Rock Casino and Resort, which is one of the most popular casinos in Las Vegas and has been dubbed “the most exciting new casino in Las Vegas” by Forbes.com. It has seen its revenue increase almost every year since 2008 due to opening new casinos and acquiring new properties.
The company has also been focused on growing its presence in Southern Nevada, which has seen its revenues increase significantly as a result of people in the region now being able to legally gamble and visit casinos.
This has resulted in the casinos in Southern Nevada growing their revenues at a much faster rate than the casinos in other locations in the US, which has helped RRR significantly increase its own profits in the past year or so. Its value has increased from around $6.26 per share in 2017 to $37.51 per share today.
Hilton Grand Vacations Inc (HGV)
Hilton Grand Vacations Inc is an operator of and a developer of timeshare properties, but it also has a growing casino operations portfolio. It was founded in 2007, and HGV has been significantly growing its casino operations portfolio since 2012.
It currently owns and operates six casinos in Nevada and New Jersey and plans to continue expanding its casino operations. The company has seen its revenues increase almost every year since 2009, thanks to opening new casinos and acquiring new properties since that time.
It has also been focused on growing its presence in New Jersey, which has seen its revenues increase significantly as a result of people in the region now being able to legally gamble and visit casinos. This has resulted in the casinos in New Jersey growing their revenues at a much faster rate than casinos in other locations in the US, which has helped HGV significantly increase its own profits.
HGV is another one of the best stocks to watch out for right now: its value has increased from around $42 per share in 2017 to $43.50 per share in 2022.
Caesars Entertainment
About 50 domestic gaming establishments are owned by Caesars Entertainment, which has operations in regional (63%) and Las Vegas (50% of 2021 EBITDAR before corporate and digital expenditures).
The firm also hosts digital assets and managed properties, the latter of which resulted in significant EBITDA losses in 2021. With the 2020 acquisition by Eldorado, which opened its first casino in Reno, Nevada, in 1973 and increased its footprint through earlier acquisitions to over 20 sites before combining with traditional Caesars, Caesars’ U.S. presence was almost quadrupled. Caesars, Harrah’s, Tropicana, Bally’s, Isle, and Flamingo are some of Caesars’ brands.
Additionally, the business controls William Hill, a digital sports betting platform, in the United States (it intends to sell the international operation in 2022).
