Las Vegas Sands, Wynn Resorts, Melco Resorts, and MGM Resorts hit a jackpot when they were granted gaming concessions in Macau, and Las Vegas Sands won big again when it won the license to build one of two casinos in Singapore. The wild card for casino stocks is their opportunities to expand into new jurisdictions. Overall, investors may keep gaming and gambling ETFs in their portfolio if they see a foreseeable future in the economy.Ĭurrently, the COVID-19 pandemic is almost over, with effective vaccines appearing in the first month of 2021, influencing investors to focus on gambling ETFs. Similarly, they invest less money when the economy is weak. Consumers usually spend money on entertainment and travel when the economy is strong. The gambling and gaming industry is directly connected to the consumer discretionary so it is often difficult to show good performance during the weaker economic conditions. Therefore, investors should keep in mind that gambling ETFs are narrowly focused on the industry, making this sector riskier.

Investing in gambling and gaming ETFs is riskier than traditional investment, such as an S& P 500 index fund. Inflation also causes venues to raise their table limits, making them less appealing to casual gamblers, which make up a significant portion of their player base. Most land-based operators are not active in the sphere, and it is not easy for them to snag sections of this market from established iGaming brands, which will only continue to grow. Moreover, the interactive or online casino sector is booming, projected to generate $158 billion by 2028. Thus, operators revenues and their stock prices are at the mercy of these bodies. One restrictive decision from a states regulator can send shockwaves throughout its gaming market. First off, US organizations such as the New Jersey Division of Gaming Enforcement and Nevadas Gaming Control Board implement much higher regulatory standards than similar bodies in other countries. Gaming regulators hold tremendous sway over the gambling industry. Trade Like a Casino Part 2: Creating a Profitable Stock Trading System

Best casino stocks 2020