These Are Some Of The Most Well-Known Online Gambling Operators Listed On The Stock Market

Everyone knows the online gambling market is increasing at a rapid pace as casino operators worldwide offer a greater selection of games (such as poker variations that feature live streaming technology) and exciting bonuses and promotions to entice new and returning players. However, all of these changes and advances have not been to just benefit punters but also shareholders and investors since many online gambling operators are listed on the stock market. In this article, we are going to explore some of the most well-known casino operators listed on the market.

Top Casino Stocks

MGM Resorts International

MGM Resorts International is an American global entertainment and hospitality company. They have destination resorts and casinos in New Jersey, Las Vegas, Detroit, Massachusetts, Maryland, and Mississippi. In 2018, MGM Resorts became involved in online gambling through BetMGM. BetMGM is the company’s platform for casino gaming (poker, blackjack, roulette, etc.) and sports betting; as of 2022, the online casino reportedly operates in more than 15 states, including Pennsylvania, West Virginia, Delaware, New Jersey and Michigan.

In addition, as per Cision, a distributor of press releases, BetMGM recently launched in Ontario, Canada. BetMGM is known for its celebrity brand ambassadors, such as Jamie Foxx, even though using celebrities is a common trend in the gambling community. MGM Resorts International trades on the New York Stock Exchange under the stock ticker ‘MGM’.

DraftKings

DraftKings started as a daily fantasy sports platform before becoming one of the biggest online casino gaming and sports betting operators in the United States. DraftKing has mobile sports betting operations in states across the US, such as Indiana and West Virginia. The company also offers retail sports betting in Oregon, New York, Mississippi and Iowa.

DraftKings is listed on the Nasdaq Exchange under the ticker ‘DKNG’, and as of April 2022, the company has a market capitalisation fluctuating between $5.70-$5.90 billion. This market cap reflects a sharp difference from January 2022, when DraftKings had a market cap of around $7 billion. Regardless, the online casino and sports betting platform is still one of the world’s most valuable companies by market cap.

Kindred Group

Kindred Group is a global online gambling operator registered in Malta. The company has major hub offices in London, Stockholm, and Gibraltar. The company consists of nine casino brands, including 32Red and Unibet Casino, which, according to this review site, is one of the most popular online casinos in Poland. Unibet Casino offers enticing bonuses on casino games, such as 100% of the first deposit, and accepts a range of payment methods, including Neosurf, Apply Pay, and Visa. Kindred Group is listed on the Swedish Nasdaq Nordic exchange under the stock ticker ‘KIND-SDB’.

Betsson AB

Betsson AB is a publicly-traded online gambling company that offers poker, bingo, scratch cards, and sports betting through over 20 online brands, including Betsafe, NordicBet and Betsson, which is another popular casino platform in Poland. Betsson AB is also listed on the Swedish Nasdaq Nordic stock exchange under the ticker ‘BETS-B’.

When we think about investing in the stock market, we tend to think about automobile or technology stocks, such as Meta, Amazon, Netflix, or Alphabet, which make up the four FANG stocks. However, casino stocks like MGM and Kindred Group are just as popular, especially now with all of the industry’s recent growth and success. Even if you are not planning on investing in casino stocks, it will be worth watching their movement on the stock market over the next few years as the online casino sector is forecasted to have a value of around $90 billion by 2023.