Is it worth investing in gambling in 2023?

The gambling business is constantly evolving and it is safe to say that its growth will continue not only in 2023 but also in the years to come. Investing in the shares of gambling entertainment companies is a great opportunity to learn more about this field and make good money in the process.

Luckily, we’re here to help you understand whether investing in gambling in 2023 is worth it, and to help guide you in choosing the best gambling stocks.

With uncertainty in the economy in 2023, the question of investing in gambling, and gambling companies such as mister x casino, can be a challenge. Finding the best gambling stocks can cause a number of difficulties and challenges.

Why will gambling investing be popular and profitable forever?

If you are wondering, “Is it worth investing in gambling in 2023?”, the answer is unequivocal – Yes! The gambling industry is constantly evolving, with new things coming to market, both in terms of games and gambling platforms. Also, modern technology is starting to be introduced to gambling, from regular gaming on a mobile device to the use of VR/AI or the introduction of cryptocurrencies. Every year, the gambling and betting industry shows serious growth, and for the most part, this is the case with online platforms.

If you have any doubts about this, you can read the annual reports and see for yourself that gambling is one of the best areas to invest in, not only in 2023, but forever! So, now let’s take a look at the most sought-after gambling stocks to look out for.

Las Vegas Sands Corp.

One gambling stock that will benefit in the long run is LVS. The owner of The Venetian Resort Las Vegas made a big bet on the Macau market in 2007, and it looks like a winning bet.

It is uniquely situated to be the largest casino and hotel in Macau. The resort is bigger than Vegas and attracts the biggest gamblers in the world. Marina Bay Sands in Singapore’s growing market continues to be a property that also has the potential to grow. However, that’s not why the corporation’s prospects excite us.

A multi-billion dollar expansion initiative has recently been proposed. It is expected to include a five-star hotel, a concert venue featuring world-class talent, celebrity chefs and a casino in New York.

Entering the New York market would be a big win for LVS, which is another reason why this stock has a promising future.

Wynn Resorts Ltd.

Steve Wynn has left Wynn Resorts and it is now positioning itself as a good asset for a successful future. Despite recent legal problems, the Wynn brand remains a major player in the gambling industry. The company attracted the attention of Tilman Fertitta as his company Fertitta Entertainment, Inc. bought about 6% of the brand in October last year.

Wynn Resorts operates several locations:

• Las Vegas;
• Macau;
• Boston.

They are also in talks to build a facility in the UAE. The luxury resort will be a groundbreaking development in the Gulf, a region with strict laws against gambling entertainment. The project is due to open in 2026 and will be a major attraction in the region.

Shares have risen 80.79% in the past six months and 15.19% in 2023. As Macau continues to open after COVID restrictions, expect Wynn Resorts to continue to gain momentum in the near term.

PENN Entertainment Inc.

PENN Entertainment has suffered serious losses over the past year. The stock has fallen to $32.52 from an all-time high of $130.47 in March 2021. We see this as an opportunity to invest at this price.

After hitting an all-time low of $7.89 in March 2020, the stock has shown incredible growth. However, such growth has been unsustainable. Despite the downturn in the share price, their land-based gambling clubs remain incredibly strong.

They are well known for their Hollywood Casino and Ameristar brands. PENN also owns the M Las Vegas Casino, among others. The future is worth betting on the development of the online gambling segment in America, where PENN is leading the way.

There are huge untapped markets for online gambling across the country, including major markets such as:

• Florida;
• Texas;
• California;
• And others.

While California residents cannot fully experience the regulated land-based and iGaming facilities provided by these companies, they can still safely play at gambling clubs located in the region. However, it is only a matter of time before operators such as PENN start operating in the state. Expect the brand to grow over the next few years.

VICI Properties Inc.

If you’re looking for a variety of gambling stocks, VICI Properties is one of the most diverse companies in the industry. The firm is best known for being the landlord of Caesars Entertainment.

The company, which was established as an affiliate of Caesars Entertainment in 2017, has recently attracted attention by buying its rivals. Mandalay Bay and MGM Grand were acquired by VICI in a deal worth $1.27bn.

VICI is a real estate investment company that spreads its investments across multiple markets and partnerships. They rent out their properties to casino operators and continue to grow much more aggressively than originally planned, being only an affiliate of Caesars Entertainment.

The company has seen steady growth over the past five years. Since then, its shares have risen by 63.59% and it is still a good buy.