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Feeling Lucky? Consider Betting on These 3 Lesser-Known Casino Stocks -Breaking

by Mike Robinson

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© Reuters. Are you feeling lucky? You might consider betting on these 3 lesser-known casino stocks

Brick-and-mortar casino and other gambling outlets are seeing significant growth in foot traffic, and have also seen a rise in online gambling. And some lesser-known casino stocks, such as Golden Entertainment (NASDAQ:), Monarch Casino & Resort (MCRI), and Century Casinos (NASDAQ:) have gained market share recently due to their guest and entertainment services. These stocks have the potential to benefit from industry tailwinds, according to our view. Keep reading. Despite the travel restrictions that were placed on casinos, and the closure of other gambling establishments during the COVID-19 crisis, legalization and popularity of online gambling have allowed the industry to rebound from the initial COVID-19 wave.

A strong vaccination campaign, lifting travel bans and reopening brick-and mortar casinos has helped to increase foot traffic and generate billions of dollars in revenues for the industry. The global casino gambling market is expected to grow at a 3.5% CAGR between 2021 – 2025.

Due to the increased market reach of these stocks and enhanced entertainment options, smaller-cap casinos are also gaining popularity. So, we think Golden Entertainment, Inc. (GDEN), Monarch Casino & Resort, Inc. (MCRI), and Century Casinos, Inc. (CNTY) are well-positioned to deliver solid returns in the coming months.

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