Online casinos open up a whole new world of opportunity. We’re not just talking about the chance to sit down and have fun, playing a variety of games from casino classics like Blackjack or Roulette to popular slots; there’s also the potential to win big. Payouts are often generous, and online casino players are left happy. But do you know who’s even happier? The people behind the online casinos. The ones who are investing in the stock and reaping the rewards.
You don’t have to be a casino expert to explore the stock market, but with the growing popularity of online gaming, it’s certainly an industry that’s going to deliver.
The Online Casino Boom
If we look back to the mid to late 90s, that’s when the prominence of online casinos began to rise. Microgaming, one of the world’s leading gaming developers, began creating its popular slots and casino games. Competition is rife, which is good because the industry innovates as a result, and now the traditional land-based gambling operators are also focusing on online casinos.
But Why Is It So Popular?
Just like video games, online gaming is a form of escapism. It just so happens you can win pretty hefty sums of money when you escape to play online. Originally it opened up an exciting new world for casino players. No longer did they have to head out to bricks and mortar casinos, they could play online whenever they wanted. Since then, games have got consistently better.
Licensed slots featuring film characters are proving popular, as are slots with their own unique game engines and enticing stories. Who can forget about the live casino experience, something so immersive that it brings the casino to your living room? Or the bedroom. Even the bathroom!
Table games such as Roulette or Blackjack feature their own live dealer, talking to you as if you were at a land-based casino. The use of live casinos has been spiraling in recent years, with new variations and games being released, each one more popular than the last, with a player base that spans millions. So, imagine if you had shares in a business that was responsible for this? If you manage your investment portfolio, online casino stocks may, therefore, be an attractive option.
The Big Guns That Make It Happen
Despite all the online casinos out there, it’s the brains behind them that are the true money makers. The Stars Group which owns brands like PokerStars, Sky Bet and Full Tilt Poker is just one of the names to look out for. A quick search and you’ll find them on the stock exchanges and see that they mean business.
Another quick search and you’ll also hear about how William Hill is expecting to close up to 700 High Street betting shops in the UK. It’s blamed the fact that the government is reducing the maximum stake of betting terminals from 100 a spin to 2. Yet despite that news, the share price has only dropped by 0.27%. It doesn’t seem like much and there’s a reason behind it: the traditional gambling world is moving more online. In fact, it’s estimated that the annual global revenue for online gaming will rise to over $90 billion by 2024.
The Price Is Right
Investing in online gaming stocks now would be wise. While it looks like the market could take a dive, especially with the new UK regulations coming into play, we’ve already seen by William Hill’s announcement that its shares haven’t really been affected. GVC has taken a slight hit by -0.97% recently, while The Stars Group has risen by 0.23%.
And the Time Is Right
Now would be a great time to invest in online casino stock. Share prices will be lower in the UK owing to changing regulations, but it won’t be long before they start to soar like online gambling companies, such as The Stars Group, which last year acquired Sky Bet and has entered into a new partnership with Fox Sports in the US. As online gaming developers harness the advancements in technology to create new games that lure more players in, there’s always going to be a slew of customers spending money. So, there’s never been a better time to invest.
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