Top 5 Casino Gaming Companies
Leave a Comment on Top 10 (by Revenue) Largest Casino Companies in the World This list of the ten largest casino companies in the world is ranked by their revenue, but many of these companies are not exclusively casino and gambling companies, some of them invest in other things and are always trying to innovate and predict the future of gambling.
Which gaming stocks have performed the best so far this year? Here’s a look at the top NASDAQ gaming stocks year-to-date.
Click here to read the previous top NASDAQ gaming stocks article.
The past year has brought remarkable growth for the gaming sector. On the back of coronavirus-related lockdown orders, gaming has received an influx of attention from widespread users.
While other sectors have struggled in 2020, many names in the gaming industry enjoyed improvements to their value, and seem positioned to continue trending upward into 2021.
Here the Investing News Network has gathered the three top NASDAQ gaming stocks of 2020 by share price performance. All are US-listed constituents of the Evolve E-Gaming Index ETF (TSX:HERO); numbers and figures were current as of December 9, 2020, with data taken from Google Finance.
- The newer players – mostly companies outside the US – are players in the mobile gaming divisions. The entire industry made over $40 billion in revenue in 2018 according to Forbes Online. The top five game companies made most of that profit. The smaller companies struggle, and even some top publishers are laying off employees.
- The biggest casino companies in the world have been forced to change their gaming and marketing strategy during the last 5 years as millennials have shown that they are tired of the traditional casino gaming offering and would only be loyal patrons if the casino could capture their attention by giving them an experience that caused them to come.
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1. Gravity (NASDAQ:GRVY)
Year-to-date gain: 375.03 percent; current share price: US$172.02
Korean gaming company Gravity is first on this list of the top NASDAQ gaming stocks of 2020. With a gain of close to 400 percent over the course of the year, it has enjoyed major momentum.
Gravity was founded in 2000, and in 2005 became the first Korean gaming company to be listed on the NASDAQ. It now has global branches and joint ventures in the US, Europe and Russia; it is known mainly for the massively multiplayer online role-playing game (MMORPG) Ragnarok Online.
2020 has been busy for Gravity. Midway through the year, the online and mobile gaming company launched Ragnarok Origin, a new MMORPG, in Korea; it later launched Ragnarok X: Next Generation, another new MMORPG, in Taiwan, Hong Kong and Macau. Gravity also launched the Labyrinth of Ragnarok, an idle MMORPG, in the Philippines, Singapore and Malaysia.
2. Bilibili (NASDAQ:BILI)
Year-to-date gain: 249.88 percent; current share price: US$73.32
China’s Bilibili is an online entertainment platform. Founded in 2009 and named Bilibili the next year, it began as a content community inspired by anime, comics and games (ACG), but has evolved since then to include videos, live broadcasting and mobile games.
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Bilibili is mainly used for video sharing, with users submitting videos across a wide variety of genres. The company is known for its “bullet chatting” feature, which allows users to comment on videos in real time. On the gaming side, Bilibili offers mostly ACG-themed games such as a version of the Aniplex game Fate/Grand Order. Aside from that, the company owns League of Legends and Overwatch esports teams.
2020 highlights for Bilibili include a new three year strategic partnership with Riot Games. The deal gives Bilibili an exclusive license to live broadcast global League of Legends events (in Mandarin) in China from 2020 to 2023. It also announced an equity investment in Huanxi Media Group (HKEX:1003).
3. Turtle Beach (NASDAQ:HEAR)
Year-to-date gain: 118.82 percent; current share price: US$19.93
Turtle Beach is different from the other two companies on this top NASDAQ gaming stocks list. Instead of making games, it has honed its efforts on console gaming headsets.
The company was the first to produce a console gaming headset in 2005, and since then has expanded to create products for all types of gamers, including esports professionals. Turtle Beach originally came to market all the way back in 1975 as Octave Electronics and was focused on music and audio products.
In 2020, Turtle Beach has released a slew of news. Among other things, the company joined forces with YouTube personalities, was added to the Russell 3000 Index (INDEXRUSSELL:RUA) and responded to the COVID-19 pandemic by launching specialized bundles geared at helping people work from home or participate in online learning.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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The recent technological advancements have played a significant role in the growth of casinos in the US. Internet and online gambling, for instance, have made it possible for many people to access these gambling sites in the comfort of their homes.
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Besides that, there are other factors such as mouthwatering bonuses, low wagering amounts, and instant pays that are making people consider gambling as a way to earn quick cash. Likewise, the incorporation of Bitcoin as a payment method has had an unforeseen impact on the industry.
The stated factors, among others, are the reasons behind the gambling sector’s ability to generate consistent income over the years. Likewise, the remote gambling sector hasn’t been left behind, and it is also thriving at an unimaginable level.
Investing in the sector is now confusing owing to the many firms available, especially if you are less experienced. It is, therefore, vital for you first to understand how the industry works before buying stocks here.
The investment can be likened with gambling, although with a better understanding, it is definitely more profitable. That said, below are the 5 largest publicly traded casino companies to watch for future investment plans.
Las Vegas Sands Corporation
At the top of the list is a company that has been in existence for the past 30 years. It is the largest casino company in the world, with annual revenue of $14 billion.
The firm deals with many amenity provisions, including entertainment, gaming, accommodation, as well as celebrity chef dining on 3 major markets, namely the USA, Singapore, and Macao.
Some years ago, the Chinese government corruption crackdown largely affected Macao casino activities, but recently, the regulations are on the drop, and more people are participating without fear.
The Macao market is currently thriving beyond expectations, and the company owns many major casinos here, including Sands Macao, the Parisian, Sands Cotai Central, and The Venetian Macao.
Besides that, the company is looking to venture into the Japan and Brazil market. However, the only positive to take from the report is the consideration to venture into the Japanese market as the population here is large and ideal for casino gambling. However, Brazil has a larger population, but they are still many years far from legalizing casino gambling.
MGM Resorts International
The firm generates annual revenue of close to $9.5 billion with properties across the US and Asia. As per the MarketWatch, MGM International has proven dominant in the Las Vegas Strip from their ownership of casinos and arenas including;
- Mandalay Bay
- The Mirage
- Circus Las Vegas
- MGM Las Vegas
- Bellagio
The latest acquisition of T-Mobile Arena for concert and convention hosting is a clear example of the other ventures the company has dived into. The firm has successfully expanded across and outside the USA.
The ownership of Macao properties, which is on the upswing, is likely to boost the company’s revenues perfectly. There are also reports that the company is looking for a Japanese casino license, a move that’s highly likely to result in a lucrative venture.
Lastly, the firm’s revenue in 2018 was at $11.7 billion, and this was an 8.4% increase from the previous year. That said, a look into the current state of the company should help you easily make your investment decision.
Amaya
Since making the waves with the acquisition of PokerStars in 2014, the firm hasn’t reached such heights again. The company’s $4.9 billion acquisition never made the desired impact as the poker industry was on the decline at the moment.
Besides that, the company witnessed the stepping down of CEO David Baazov after insider trading allegations, as seen on The Globe and Mail report. This resulted in the company focusing on casino and sportsbooks product building with the aim of keeping online poker steady.
The new plans worked out, and the company now generates over 25% of its revenue from these casinos and sportsbooks. However, the firm’s earlier problems, especially the CEO insider trading allegations, have seen them change their name and headquarter.
Finally, the firm’s adoption of a new strategy of offering more than one poker is yielding significant results.
Wynn Resort
The company’s creation of luxurious casino brands from Vegas to Macau is highly commendable. However, their ownership of Macao properties saw them suffer the recession fate a few years ago, but that’s behind them now, according to Forbes.
The firm is now focusing on renovating the Wynn Las Vegas this year, which will see the resort reduce its gambling activities. Besides that, the company is building Wynn Boston Harbor, a $2.4 billion venue featuring 629 hotel rooms, convention space, restaurants, and retail outlets.
Net Entertainment
This is among the oldest companies in online gaming. The main reason behind having the firm into consideration for investment purposes is the way it hasn’t shown any slowing signs yet. The company has produced several top-ranking slots over the years including;
Top 5 Casino Gaming Companies 2019
- Dead or alive
- Aliens
- Jackhammer
- Mega Fortune
- Starburst
Top 5 Casino Gaming Companies For Real
Final Thoughts
Conclusively, the casino industry is yet to reach its peak, which is the reason behind many companies venturing into the business and lobbying governments to legalize the trade. However, the main consideration before investing in the industry is understanding which company will make the biggest gain in the business. At the moment, Las Vegas Sand is steps ahead of the other casinos due to its success in obtaining gambling licenses. However, there’s an event to watch as these companies face-off in Japan after the issuance of casino licenses.
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Copyrights © 2020 Inspiration Unlimited eMagazine
Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 23rd February 2020.
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