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2 Under the Radar Casino Stocks Rated ‘Strong Buy’ By StockNews


© Reuters. 2 Under the Radar Casino Stocks Rated ‘Strong Buy’

With solid progress having been made on the vaccination front and with the easing of casino-operating restrictions, brick-and-mortar casinos are regaining momentum. Also, growing consumer interest in online casinos should keep driving casino operators’ revenues. So, we think with solid growth potential, lesser-known casino stocks Golden Entertainment (NASDAQ:) and Century Casinos (NASDAQ:) could be wise bets now. Let’s discuss.The gradual easing of restrictions on in-person casino patronage following solid progress on the vaccination front and growing interest in online casinos have been driving the industry’s growth. In July, the four regions that monitor visitation reported their strongest numbers of visitors since the start of pandemic.

According to the American Gaming Association’s commercial gaming revenue data, U.S. gambling revenue hit $13.65 billion in the second quarter of 2021, up 26.3% from the second quarter of 2019. The global casino market is projected to grow by 3.7%, reaching $159.3 Billion in 2027.

We believe that casino companies Golden Entertainment, Inc., (GDEN), and Century Casinos, Inc., (CNTY), will see significant sales growth over the next few years. As a result, these under-the-radar stocks have been rated a ‘Strong Buy’ in our proprietary POWR Ratings system.

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