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Updated on June 16 at

Casino stocks are contagious amongst investors for many reasons. Gambling is as good a business model as you can find right? In fact, the house always wins.

These businesses have strong earnings growth in most cases. Moreover, most of these stocks pay dividends to shareholders.

Read more below to learn about the benefits and drawbacks of investing in gambling companies. You will also find three of the best stocks in the industry, as well as one to keep a close watch on going forward.

Pros and Cons of Casino Stocks

Why is the casino industry such a popular investment? For starters, the economics are attractive and draw in investors.

When the market is booming, so is Las Vegas. The tables are full of people ready to gamble their riches. This is why casino stocks rely so heavily on a strong economy. Yet, the market is as volatile as ever and casino drawbacks are a major cause for concern.

The casino industry may seem bulletproof, but that isn’t the case. As consumers cut back spending, casinos begin to suffer. There is a fair amount of risk and vulnerability.

This is most noticeable during a recession. When the economy begins to falter, consumers are less likely to open their wallets and place bets.

A prime example is the coronavirus pandemic. There are lockdowns and shelter-in-place orders across the country. Therefore, casinos are practically shutdown everywhere or running at a much smaller capacity. Earnings will suffer because of this and the stock market is already responding.

However, many of the gambling companies in the U.S. rely on business in China. Specifically, Macau is the world’s largest gaming market. It’s regularly referred to as the “Las Vegas of China.”

During the pandemic, gambling in China has taken a massive hit. Monthly gross revenue was down 96.8% in April alone.

But, China has started recovering from the coronavirus after the original devastation. This is shining light on casino stocks once again. Look out for these gambling businesses below over the next few months.

MGM Resorts International

MGM Resorts International (NYSE: MGM) has a unique business model. Unlike its competitors, most of its revenue is through the domestic market. Only 19% of MGM’s revenue comes from China.

Now, this may be a problem during the pandemic. While China is reopening, the United States is moving at a much slower pace. The outbreak is greatest in America, which isn’t a good sign for MGM.

MGM stock is currently trading at $17.65 a share. Before the coronavirus hit, it was as high as $34.64.

Wynn Resorts, Limited

Wynn Resorts (Nasdaq: WYNN) develops and operates high-end hotels and casinos. The majority of its revenue comes from Wynn Macau and the Wynn Palace in Macau.

Its recent first quarter numbers are a direct result of the coronavirus. Revenue declined more than 42% and the company lost $3.54 per share.

As of right now, Wynn is trading at $84.89. But, it was as high as $153.41 this past January. As far as casino stocks go, this is one to keep a close eye on as pandemic fears begin to diminish.

Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is known for The Venetian and The Palazzo in Las Vegas. However, it also owns six casinos in Macau and many other hotel properties in China.

Its revenue spilt is quite balanced between the domestic market and China. In addition, it’s the leading developer in the race for gambling in Japan.

The Japanese government legalized casino gambling three years ago. As a result, Las Vegas Sands announced its intention to open resorts in Tokyo and Yokohama.

These new developments may lead to a resurgence after the pandemic passes. LVS stock price is just above $50 a share, but was as high as 74.29 before the crisis.

Penn National Gaming

Penn National Gaming (NYSE: PENN) isn’t your classic casino developer such as the companies above. Overall, it’s one of the most unique casino stocks available today.

Yes, Penn does own and operate casinos across the United States. However, it also runs horse racing tracks and purchased a 36% stake in Barstool Sports for $163 million.

Why is this important? Well, Penn now has leverage when the economy is struggling. Barstool Sports is one of the largest sports media outlets in the world today. It’s quickly rising in popularity and regularly generates gambling content.

Penn National Gaming now has access to Barstool’s entire fanbase and support network. Furthermore, the Barstool deal gives Penn the option to increase its stake up to full ownership within the next three years.

Penn stock was below $5.00 a share in the middle of March. Its regaining momentum and currently sits just below $30 a share in May.

Tips and Trends for Casino Stocks

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Americans are resilient and the economy will soon return with a vengeance. This alone is a great reason to keep a close watch on casino stocks over the next few months.

Whenever gambling is mentioned, the glitzy images of Les Vegas come to mind. America has been considered as a gaming nation for a very long time. However, America is not the world’s biggest gambler as many would think. In fact, the biggest gamblers in the world include countries that are least suspect. The ranking of the 200 gambling countries is based on data provided by H2 Gambling Capital. The ranking takes into account the losses in a year divided by the adult population. The losses include the entire amount lost on all types of gaming including poker, slot machine, horse racing, and casinos.

The Biggest Gambling Countries In The World

Australia

Gambling is so prevalent in Australia that the central bank was led to increase interest rates. Australia allows online wagering on sports. Slot machines are favorite games in the country. New South Wales accounts for half of the country’s total poker machines. Adult gamblers reported a loss of $1,128 per adult with 935 gamblers registered to be banned from casinos between 2006 and 2010. However, these gamblers were caught over 1,200 times for breaching their ban

Singapore

Singapore only opened its first casino in 2010 but has since become one of the largest gambling countries in the world. The opening of casinos in Singapore created worries in the country, with the majority fearing addictions and losses. The government is discouraging gambling by the locals by imposing an entry fee of $81 for locals who wish to enter the casino. Families are also allowed to ban their members from visiting the casinos under the “Family Exclusion Orders.” However, these measures have done little to dampen the gambling spirit in the country. The country recorded $1,174 losses per adult in 2010.

Ireland

The casino industry in Ireland is entirely unregulated because the country depends on the old Gaming and Lottery Act of 1956. According to the law of Ireland, only registered members’ club is allowed to offer casino services. Bets on gaming machines are not allowed beyond 6 pence while the rewards for gaming are allowed up to 10 shillings. However, this law cannot be enforced since the Irish pound has not been in use as a legal tender since 1999. The huge losses by gambling adults which average $588 per adult have forced the government to start enacting laws that will help regulate the gaming industry in Ireland.

Canada

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Over 75% of Canadian adults have been involved in at least one form of gambling. The highest number of gamblers in the country comes from Saskatchewan. The province has gambling revenue of $841 per person above the age of 18 years. The popular gambling games in Canada include lottery and scratch and win. The popularity of lottery games in Canada has led to the government setting up initiatives to discourage giving of lottery tickets to minors as gifts. Canada recorded $568 gaming losses per adult

Finland

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Over 41% of the adult population in Finland gambles weekly, according to the Ministry of Social Affairs and Health. The minimum age for gambling in the country was raised to 18 years in 2011 from 15 in the previous years in a bid to discourage gambling among children. The national lottery company in Finland is a property of the government and is managed by the Ministry of Education with the revenue from the company channeled to education, culture, and arts. The Paf Group of Finland, running the internet gambling company, offers paybacks to its loyal customers who spend at least $171.40 on its site but are certified to be suffering from gambling addiction. Finnish gamblers lose an average of $553 per adult.