Why Gambling and Casino Stocks May Be 2018’s Best Bet Now
While there are plenty of reasons to be worried for the summer and the rest of for sure, one industry got a huge lift recently when the U. This company has a diverse property portfolio, with casinos and resort stretched across the country. Are you sure you want to change your settings? Casino stocks down broadly, as tourist cap considered in Macau April 14, , Boyd remains a favorite for Las Vegas locals and is substantially levered to the Las Vegas market. If you have any questions or encounter any issues in changing your default settings, please email isfeedback nasdaq. The company generally targets largely locals in this market.
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Casino stocks down broadly, as tourist cap considered in Macau April 14, , This article appears in: Investing , Forex and Currencies. Related Forex and Currencies Articles. Most Popular Highest Rated. Sign Merger Canopy Rivers Inc. Supreme Court ruled in the favor of individual states on a case involving the constitutionality defined by a law, the Professional and Amateur Sports Protection Act, which prohibited states other than Nevada and Delaware from operating sports betting.
With sports gambling now legal in all 50 states, that may open the floodgates for state governments that sorely need additional revenues. Needless to say, some of the top stocks look like they will be big beneficiaries. For growth investors who have grown weary of the constant market tug-of-war, this could be a great place to look for ideas.
This top company remains a Wall Street favorite. BYD operates as a multi-jurisdictional gaming company through three segments: The company owns and operates gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi. The company also owns and operates a travel agency and a captive insurance company that underwrites travel-related insurance in Hawaii.
As of December 31, , the company owned and operated 24 gaming entertainment properties, offering a total of 1,, square feet of casino space, 30, slot machines, table games and 9, hotel rooms.
Boyd remains a favorite for Las Vegas locals and is substantially levered to the Las Vegas market.