Today we have turned up some casino and gaming stocks that are poised for significant growth with the popularity of the gaming industry
SmallCapPower | February 5, 2019: The Global Casino and Gaming Industry was valued at US$450B in 2016 and is expected to reach US$500B in revenues by 2019. Major catalysts driving the 11.1% increase include new legislation aimed at lifting bans on ownership of casinos and the rising popularity of online gaming. Today, we have identified three gaming stocks that are poised to take advantage of the growing gaming industry.
Great Canadian Gaming Corporation (TSX:GC) – $53.10
Casinos and Gaming
The Great Canadian Gaming Corporation operates 28 gaming, entertainment and hospitality facilities throughout Ontario, British Columbia, Nova Scotia, New Brunswick, and Washington State. The Company is highly committed to its social responsibility initiatives, donating a signification portion of its gross gaming revenues to provincial governments in support of healthcare, education, and social services programs.
- Market Cap: $3.09 billion
- 1-Week Total Return: – 1.4%
- 1-Month Total Return: +8.6%
- YoY Revenue Growth: +69.9%
Pollard Banknote Limited (TSX:PBL) – $23.90
Casinos and Gaming
Pollard Banknote Limited is a leading lottery partner to over 60 lotteries worldwide, offering instant ticket products, licensed games, Schafer Systems retail merchandising solutions, and a wide variety of digital offerings. The Company focuses on helping lotteries to maximize sales, player engagement, and proceeds. On September 25, 2018, the Company announced the acquisition of Schafer Systems, the leading global provider of lottery ticket dispensers and stations.
- Market Cap: $614.8 million
- 1-Week Total Return: +11.2%
- 1-Month Total Return: +16.9%
- YoY Revenue Growth: +25.6%
Evergreen Gaming Corporation (TSXV:TNA) – $0.37
Casinos and Gaming
Evergreen Gaming is a U.S.-based company, trading on the TSXV. It operates casinos that offer a variety of card games, pull tabs, and on-site restaurants. It operates casinos in select locations throughout Washington State, such as Lakewood, Shoreline, and Tukwila. Evergreen reported revenue of $13.9M for Q3/2018 (three months ended 31-Sept-18), a 17.8% increase from its previous quarter.
- Market Cap: $46.06 million
- 1-Week Total Return: -13.1%
- 1-Month Total Return: +27.6%
- YoY Revenue Growth: +16.6%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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