If someone is concerned regarding making an investment in gambling or casino stocks then we think the safer method of obtaining the exposure is through purchasing interactive or IAC shares. You might be late a bit as the trading of IAC shares usually take place in August at $120 and offered a huge opportunity. At present, the value of IAC is $198 but still we consider it not to be too late to purchase IAC. You would probably outperform the stock market during the upcoming 5 years by making bets on Barry Diller. Alternatively, you can check out the 10 best Gambling and Casino stocks that we are going to share here in accordance with the list shared by Insider Monkey in their post. Insider Monkey has shared some interesting statistics in the post:
“Based on a study by Casino Org, the world gambling statistics showed that around 1.6 billion people worldwide gamble. In the United States, there are more than 1,000 listed active casinos. According to the Nevada Gaming Control Board, 441 casinos are located in the state of Nevada alone. In 1931, gambling was legalized throughout the state of Nevada and in 2020, Louisiana was added to the states in which casino-style gambling is legal statewide.”
The current president of the USA, Joe Biden spoke about the online casino and gambling industry. He is not supporting the decision taken by the Justice Departments to reassert the 1961 Wire Act provisions. IN one of the recent CDC Gaming report, Biden highlighted that he is not a supporter of including unnecessary limitations and restrictions to this industry of gaming and he is of the view that federal and states authorities need to make sure that gambling is corruption-free, fair, and safe.
Let’s now move directly towards the best gambling and casino stocks and we are starting the list with DMY Technology Group Inc. The company is at 9th position in the list of Insider Monkey. This is the blank check firm which intends acquisition of asset with more than one companies or businesses. The company has recently signed a contract with the Genius SPorts Group Limited for combining business. The next company which is placed at 6yh position by Insider Monkey is Boyd Gaming Corporation. A range of gaming properties are owned and operated by BYD. This company has reported $652.2 million of revenues in the Q3 of 2020. If you looking for more details about BYD and some other companies on the list then simply head to 11 Best Casino and Gambling Stocks To Buy Now.