Five online gambling firms to invest in

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Recent years have seen some online gambling firms enjoying a tremendous amount of success. It is an industry that certainly looks a good one to invest in if you pick one of the companies that have a promising outlook. Here are five gambling firms that you might consider.

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Flutter Entertainment Plc

It’s been a big year for this company as they merged with The Stars Group, making them the world’s largest online operator. The portfolio reveals an impressive list of brands, including PokerStars, Paddy Power, Betfair, SkyBet, FOX Bet, Adjarabet, Sportsbet and FanDuel. The company now has coverage in Europe, Australia and the USA. With over 13 million customers and counting, the future looks bright.

The company was already producing impressive results before this year’s expansion. Its Q1 2019 results saw revenue up 17% to £478m. May 2020 saw Flutter Entertainment Plc go onto the London Stock Exchange trading under the ticker ‘FLTR’. Peter Jackson is their CEO, and when launching on the London Stock Exchange, he spoke about their “strong product and brand portfolio”. Their current price at 3pm on Monday 19 October was 13,135.

 

Net Entertainment

Video games are an integral part of the online gambling industry. Anyone who has played slot games online will recognise the name Net Entertainment or NetEnt for short. They produce some of the best and most innovative games. These can be played at all the top online gambling sites around the world, from huge independent names like William Hill to small white label sites like the White Hat Gaming Casinos group. Just this month, the company announced further integration with DraftKings as they continue to grow their business in the USA.

The company is listed on the Nasdaq Stockholm with the ticker NET-B. Its current price at the time of writing is 92.0. The price has been steadily rising this year with online gambling becoming more popular during lockdown restrictions.

 

Playtech

Playtech is the largest supplier of online gaming and sports betting software in the world. It describes itself as a leader, pioneer and innovator. That’s so important in an industry that is forever changing.

Playtech is listed on the London Stock Exchange with the ticker PTEC. At the time of writing, the price is 362.5, and that’s up from 141.35 in March of this year. As is the case with several companies of this nature, they are expanding in the USA. This has included launching casino software with BetMGM in September of this year. They continue to introduce new games such as #Live Deal or No Deal – The Big Draw.’

 

William Hill

William Hill has long been one of the best-known names in the UK gambling industry. An impressive online sportsbook and casino have followed decades of success with their High Street betting shops.

It is listed on the London Stock Exchange and part of the FTSE 250 Index with the ticker WMH. The stock price is currently 276.0 and has been steadily rising since March 2020. The company is focusing more on their online business and US expansion.

Significant changes look to be on the way. American casino operator Caesars has had a $2.9 billion takeover deal agreed with £2.72 per share to be paid in cash. They anticipate revenues next year of between $600 million and $700 million if the takeover goes ahead.

 

GVC Holdings

GVC Holdings PLC has made good progress in recent years. Two years ago, it acquired the Ladbrokes Coral Group PLC. That made it the largest High Street bookmaker in the UK and increased its online presence, too. The group also operates online brands such as Bwin, partypoker, Foxy Bingo and Sportingbet.

It is listed on the London Stock Exchange and a constituent of the FTSE 100 with the ticker GVC.  The price at the time of writing this article was 1,047.50, a significant rise from 347.80 seven months ago.

As you can see, all of these stocks have been doing well. With no let-up in the popularity of online gaming, this might be the time to get on board.

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