Top Online Casino Companies

A number of different companies, both large and small, are involved in today’s massive gambling industry. There are companies that specialize in developing online casino software, slot machine manufacturers, resort owners and much more. Companies in the casino industry tend to have some of the most interesting histories and back stories. Acquisitions, sales, bankruptcies, and mergers happen at a very high rate. This is due in part to how competitive the industry has become but also because of the nature of gambling which is always developing and changing.

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The largest companies are publicly traded one of the stock exchanges. We profile the following major casino and gaming companies on the following pages: Hard Rock Jobs. Caesars Entertainment. Online Casino Games such as Video Slots, Blackjack, Roulette and more can be found here to play for fun! As the online gaming world is one of the most competitive domains, software developers are always racing to create the best games on the market. We make sure to always be up to date with the newest arrivals, so you can try them out for free!

If you look at a picture of Las Vegas from the 1970s and compare it to what it is today, you will start to get a feel for just how dramatic the changes are. As you can imagine, an almost infinite number of companies came and went in this time, and that trend is sure to be repeated for the indefinite future.

Casino Brands

While there are a lot of small casino companies who manage anywhere from one to several properties, there are a handful who dominate the majority of the brick and mortar casinos in the United States and around the world. Most of these brands are household names, including Harrah’s (or Caesars Entertainment as it is now known), Wynn, and MGM.

The average gambler likely does not realize that CET actually owns many of the different casinos on the strip, and not just Caesars and Harrahs. On the same note, MGM also owns Aria and Bellagio.

Boyd Gaming
Caesars Entertainment
MGM Resorts
Penn National Gaming
Sands
Station Casinos
Wynn

When you visit a heavily trafficked gambling city like Las Vegas, you will see a number of casinos over and over again. For example, LV has multiple “Terrible’s” casinos throughout various parts of the city. Even still, some of these smaller and lesser known casinos are quite frequently owned by much larger parent companies.

Online Gaming Companies

Online gaming is quite different from other casino brands. A large number of these companies were founded on the internet, primarily in the early 2000s when online gambling was much less scrutinized and the market in the US was booming. Over time, a lot of these companies either faded away completely, transitioned to non-US only brands, or continued to operate in the United States in a legal gray area. Today, many of the most popular and recognizable online gambling companies are even publicly traded. Netent bonuses.

The difference between online and B&M casinos today is that online sites started and only operate online where physical casinos have been growing in the opposite way. In states and areas where online gambling has become regulated on a state level, names like CET have started to compete with the old online only companies.

Sports Betting Companies

While many casinos have their own name-brand sportsbooks, there are also some third party companies who make white label sports betting products and services. Whether it be for online or land-based sports betting, there are several major companies manufacturing sports betting apps and products. Below we have listed them for you to review:

Slot Machine and Game Provider Companies

There are not that many different big slot machine companies. Though there are innumerable different titles and games, most of them are made by a select few number of companies. Ballys (not to be confused with the casinos with the same name), IGT, and WMS are some of the most recognized and abundant game makers today. Take a look at the next machine you play and the odds are that it will be made by one of these companies.

Ainsworth
Aristocrat
Bally Technology
Belatra Games
BetGames.tv
Betsoft
Booming Games
Endorphina
Everi Gaming
Evolution Gaming
Ezugi
GameArt
IGT Slot Machines
Microgaming
NetEnt
Playtech
Realtime Gaming
Scientific and WMS Slot Machines
WagerWorks
WGS Technology

A number of slot machine companies who originally only produced physical software and hardware for casinos have now transitioned into online gaming. IGT is one example of a company who has now asserted a real presence with online slots. As this trend continues, more slot players will be able to play their favorite games online from the comfort of their own homes or wherever they have access to the internet.

Investment Opportunities

By Corey Mann

Originally posted

Updated on June 16 at

Casino stocks are contagious amongst investors for many reasons. Gambling is as good a business model as you can find right? In fact, the house always wins.

These businesses have strong earnings growth in most cases. Moreover, most of these stocks pay dividends to shareholders.

Read more below to learn about the benefits and drawbacks of investing in gambling companies. You will also find three of the best stocks in the industry, as well as one to keep a close watch on going forward.

Pros and Cons of Casino Stocks

Why is the casino industry such a popular investment? For starters, the economics are attractive and draw in investors.

When the market is booming, so is Las Vegas. The tables are full of people ready to gamble their riches. This is why casino stocks rely so heavily on a strong economy. Yet, the market is as volatile as ever and casino drawbacks are a major cause for concern.

The casino industry may seem bulletproof, but that isn’t the case. As consumers cut back spending, casinos begin to suffer. There is a fair amount of risk and vulnerability.

This is most noticeable during a recession. When the economy begins to falter, consumers are less likely to open their wallets and place bets.

A prime example is the coronavirus pandemic. There are lockdowns and shelter-in-place orders across the country. Therefore, casinos are practically shutdown everywhere or running at a much smaller capacity. Earnings will suffer because of this and the stock market is already responding.

However, many of the gambling companies in the U.S. rely on business in China. Specifically, Macau is the world’s largest gaming market. It’s regularly referred to as the “Las Vegas of China.”

During the pandemic, gambling in China has taken a massive hit. Monthly gross revenue was down 96.8% in April alone.

But, China has started recovering from the coronavirus after the original devastation. This is shining light on casino stocks once again. Look out for these gambling businesses below over the next few months.

MGM Resorts International

MGM Resorts International (NYSE: MGM) has a unique business model. Unlike its competitors, most of its revenue is through the domestic market. Only 19% of MGM’s revenue comes from China.

Now, this may be a problem during the pandemic. While China is reopening, the United States is moving at a much slower pace. The outbreak is greatest in America, which isn’t a good sign for MGM.

MGM stock is currently trading at $17.65 a share. Before the coronavirus hit, it was as high as $34.64.

Wynn Resorts, Limited

Wynn Resorts (Nasdaq: WYNN) develops and operates high-end hotels and casinos. The majority of its revenue comes from Wynn Macau and the Wynn Palace in Macau.

Its recent first quarter numbers are a direct result of the coronavirus. Revenue declined more than 42% and the company lost $3.54 per share.

As of right now, Wynn is trading at $84.89. But, it was as high as $153.41 this past January. As far as casino stocks go, this is one to keep a close eye on as pandemic fears begin to diminish.

Las Vegas Sands

Las Vegas Sands (NYSE: LVS) is known for The Venetian and The Palazzo in Las Vegas. However, it also owns six casinos in Macau and many other hotel properties in China.

Its revenue spilt is quite balanced between the domestic market and China. In addition, it’s the leading developer in the race for gambling in Japan.

The Japanese government legalized casino gambling three years ago. As a result, Las Vegas Sands announced its intention to open resorts in Tokyo and Yokohama.

These new developments may lead to a resurgence after the pandemic passes. LVS stock price is just above $50 a share, but was as high as 74.29 before the crisis.

Penn National Gaming

Penn National Gaming (NYSE: PENN) isn’t your classic casino developer such as the companies above. Overall, it’s one of the most unique casino stocks available today.

Yes, Penn does own and operate casinos across the United States. However, it also runs horse racing tracks and purchased a 36% stake in Barstool Sports for $163 million.

Why is this important? Well, Penn now has leverage when the economy is struggling. Barstool Sports is one of the largest sports media outlets in the world today. It’s quickly rising in popularity and regularly generates gambling content.

Penn National Gaming now has access to Barstool’s entire fanbase and support network. Furthermore, the Barstool deal gives Penn the option to increase its stake up to full ownership within the next three years.