How to Buy Casino Stocks – Top 4 Casino Stocks to Buy Now 2021
The gambling industry is huge. Pretty much every culture in the world gambles in one way or another. The world’s first casino was opened in 1638 in the city of Venice. Considering gambling has been around for many years prior to this, it’s safe to say as a population, we really enjoy gambling. The pandemic in 2020 led to a sharp decrease in revenue for casinos, resulting in a drop in share prices across the sector. Therefore, it’s easy to see why so many people are scrambling to get a piece of the pie before prices begin to recover.
To help you get your hands on casino stock we’ll be covering everything you need to know before making a purchase. Including: how to buy casino stocks, the top casino stockbrokers, and the best casino stocks you can invest in right now.
#1 Broker to Buy Casino Stocks – eToro
How to Buy Casino Stocks With eToro – Step by Step Guide 2021
To help you buy your first casino stock, we’ve created this handy guide detailing the whole process. If you’ve got the time to read a more comprehensive guide, you can find that toward the bottom of the page.
- Step 1: Open an eToro account: The first thing you’ll need to do is create an account with eToro. To do this just head to “eToro.com”, hit “Join Now”, and fill in the necessary fields.
- Step 2: Verify your Identity: eToro is a regulated platform, which means that you’ll need to verify your identity. All you’ll need for this is a photo ID (passport, driving license) and proof of address (bank statement, utility bill).
- Step 3: Fund your account: Once your account has been verified, you’ll need to fund it. To do this just click on “Deposit Funds”, enter the amount you’d like to invest, and press “Deposit. eToro supports deposits using a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill).
- Step 4: Buy Casino Stocks: Now that your account has been funded, it’s time to buy casino stock. Just type the name of the asset you want to buy into the eToro search bar, press “Trade”, enter the amount you’d like to purchase, and press “Open Trade”.
Where to Buy Casino Stocks – Top 3 Casino Stock Brokers
There are hundreds, if not thousands of different brokers out there. As such, it can be difficult to select a good one. So, to make the selection process easier for our readers, we’ve included in-depth reviews on the 3 best casino stock brokers in the US.
1. eToro – Overall Best Casino Stock Broker USA
If you’ve spent much time researching brokers, the chances are that you would’ve heard the name eToro mentioned once or twice. This is because they’re one of the largest, most powerful brokers in the world. They were founded in 2006 and currently serve more than 20 million users.
Security & Privacy
Great security is at the foundation of any good trading platform, without it, things would quickly crumble. Therefore, it’s great to see just how seriously eToro takes security. They adhere to strict regulations laid out by several authoritative bodies including the SEC, greatly reducing the chance of anything odd going on behind the curtain. SSL encryption is also used as a way of securing client data before it leaves their device, preventing hackers from intercepting it and using it for nefarious deeds. Additionally, eToro gives all of its users the option of enabling 2-factor authentication; a last line of defense in the event of an account getting compromised.
If you’re looking for a platform that combines simplicity and advanced features then you’ll be right at home buying casino stocks with eToro. They offer a plethora of educational material for new traders on a platform called eToro Academy. Another way eToro looks after beginners is with a feature called “CopyTrading” which allows people to automatically copy the trades of another, more experienced user. This enables beginners to learn about trading strategies while earning real money. Lastly, anyone with some previous trading experience will be happy to know eToro supports trade in a range of markets, covering everything from crypto to forex. Meaning, you’re able to manage all of your assets on one platform, making everyday trading activities far easier. Overall, eToro is the best choice for anyone wanting to buy casino stocks with a powerful trusted broker.
|Fee Type||Fee Amount|
|Inactivity Fee||$10 (Monthly)|
- eToro academy
- SSL encryption
- Lacking TradingView support
- Could benefit from additional technical indicators
2. Robinhood – Easiest to Use Casino Stock Trading Platform USA
If you’re a US-based investor you might’ve heard the name Robinhood thrown about. They’re the go-to trading platform for many beginners due to their simplicity. Since its release in 2013, Robinhood has managed to amass an impressive 13 million users. No small feat considering they only operate within the US.
Security & Privacy
When you’re in charge of more than 13 million people’s funds, you need to have top-of-the-line security measures in place to stop hackers in their tracks. Much like eToro, Robinhood makes sure to follow regulations outlined by the SEC to help ensure customer safety. Every time an important action is taken on Robinhood, it must be confirmed by multiple sources, making it far more difficult for a bad actor to falsely validate a transaction. And as a last line of defense, they also offer SIPC insurance for securities balances up to $500k and cash balances up to $250k. If you have a greater sum than that sitting in your Robinhood account, you’re in luck as they also offer “excess of SIPC” insurance on balances up to $10 million.
Robinhood doesn’t hide the fact that they’re aimed primarily toward beginners. From the get-go, this is easy to see as their interface is extremely intuitive and easy to grasp. While this is perfect for beginners, anyone looking for a more comprehensive trading platform may be better served by one of the other platforms on our list. However, if you’re a devout Robinhood fan then you might be interested to hear about Robinhood gold, their premium subscription service. Although it doesn’t add any additional functionality, Robinhood gold does grant users access to greater margins and top-quality market research, so for some the $10 a month fee could definitely be worth it. On top of this, Robinhood offers what they refer to as “cash management services’ which in reality is more akin to everyday cashback. That being said, I doubt anyone would turn their nose up at free money, so it’s certainly a welcome addition. All said and done, if you’re new to trading and want an easy platform to buy casino stocks with, then Robinhood could be exactly what you’re after.
|Credit/Debit Card Fee||3.99%|
- Multisig transactions
- SIPC insurance
- Excess of SIPC insurance
- Cash management services
- Robinhood gold
- Too basic for experienced traders
- Missing advanced features & charting tools
3. Webull – Most Recent Casino Stock Trading Platform
Webull has been sending shockwaves rippling through the trading space. Founded in 2017, they’ve already managed to accumulate an impressive 11 million users. Considering their success, it’s likely they’ll continue improving the trading experience for users for the coming years.
Security & Privacy
It’s unlikely this meteoric rise to fame would’ve been achieved without including some impressive security measures. As with any reputable broker in the modern world, Webull follows guidelines put in place by the SEC to ensure customer funds and data are correctly looked after. Much like Robinhood, Webull also offers SIPC insurance on securities up to $500k and cash balances up to $250k. However, that’s where the similarities end. To prevent customer data from being usable in the event it falls into the wrong hands, Webull uses AES-256 encryption to obscure data, rendering it useless to anyone other than Webull. The final of Webull’s security measures we’ll discuss is their implementation of Plaid, a piece of technology designed to allow users to log into their bank securely. Resulting in a far safer depositing system.
If Webull is anything to go by, the secret to rapidly gaining popularity as a broker is offering a top-tier trading experience. Webull has achieved this by allowing beginners to sign up for a practice account, ensuring their ready when it comes to trading using real money. To make trading more accessible for those working out hours, Webull allows trading during both premarket and aftermarket hours (4am to 8pm). One more way Webull has enticed people to use their platform is by offering free stock (valued between $4 and $1600) for completing basic account actions like registering, depositing, and referring users. All in all, if you want to buy casino stocks with a well-rounded trading platform that seems primed to continue adding useful features, then Webull might be the perfect match for you.
|Fee Type||Fee Amount|
|Transaction Fee (Sells Only)||0.00051% (Min US$0.01)|
- SIPC insurance
- AES-256 encryption
- Pre/after-market trading
- Practice account
- Random stock
- No real-time support
Buy Casino Stocks – Broker Price Comparison
To help our readers gain a better understanding of each brokerage’s fee structure, we’ve created this table comparing them all in an easy-to-read manner.
|Broker||Commission||Deposit Fee||Withdrawal Fee||Inactivity Fee|
|eToro||0%||$0||$0||$10 monthly (after 12 months inactivity)|
|Robinhood||$0 on trades of <50 shares. Up to $5.95 on trades over 50 shares||$0||$0||$0|
|Webull||Commission 0% / 0.00051% (Min US$0.01) Transaction fee||$0||$0||$0|
Top 4 Best Casino Stocks USA
Now that we’ve given you the rundown on the best brokers to buy casino stocks, it’s only right we discuss some of the best casino stocks you can buy right now. There’s a lot of factors that weigh into the performance of stocks in the gaming sector so we’ve included some of the main pros and cons to each investment. As always, it’s important to take into consideration the global landscape as many companies in the gaming sector operate internationally, commonly in both the US and Macao.
Las Vegas Sands (LVS)
Las Vegas Sands is one of the largest gaming companies within the US. Despite being based in the US, they also own resorts in Macau and Singapore. Outside of the gaming sector, they operate a range of hotels and convention centers including the Four Seasons Macau, The Plaza Macao, and the Londoner Macao.
If you’re looking to buy casino stock, then it might be worth your while considering Las Vegas Sands. They’ve done well to diversify their offerings outside of the gaming space, offering hotels and convention centers.
Global Expansion: As the name would imply, Las Vegas Sands operates primarily in the US, however, many US-based gaming companies also have ventured into the Chinese market by setting up resorts in Macau. China has plans to create a light rail system connecting China to Macau. Many Chinese gambling aficionados already make the pilgrimage to Macau due to China’s stance on gambling, a rail system would enable even more people to do so. This would likely be huge for gaming resorts as it would grow their customer base significantly.
Diverse Holdings: While the primary revenue generator for Las Vegas Sands is their network of casinos, that’s not all they offer. Additionally, Las Vegas Sands own a range of hotels and convention centers. Combine this with the rent they receive from restaurants and luxury goods stores that are contained within their buildings, and it seems as though Las Vegas Sands is quite well diversified.
Like many companies within the gaming sector, the pandemic has been somewhat disastrous for Las Vegas Sands. On top of this, with worsening US-China relations, the future of their resorts in Macao hangs in the balance. When deciding on whether you should invest in a company you always need to bear the macro-economic issues in mind.
Pandemic: Like many companies in the gaming business, the pandemic had a catastrophic effect on Las Vegas Sands’s share price. Early 2020 saw prices as high as $70 but once the pandemic hit prices began to nosedive. Even now in 2021, the share price is struggling to recover trading at just $39.49, a touch below half of its previous value.
US-China Relations: It’s no secret that US-China relations are somewhat shaky. China is an emerging global superpower and as such, they’re throwing their weight around in an attempt to find their place. Under the Trump administration, US-China relations sunk to an all-time low, resulting in China giving far less weight to the opinions of the US. This could be a big issue for US companies operating in Macau as it is part of the People’s Republic of China.
MGM Resorts International (MGM)
One of the most famous casinos in Las Vegas, MGM offers customers a luxury Vegas experience. Other than the MGM Grand they also own the Bellagio and Mandalay Bay, along with a few other lesser-known hotels and casinos. Like many companies in the gaming sector, they also offer resorts in Macau, the go-to destination for gamblers from China.
For anyone interested in gaining a foothold in the gaming sector, MGM Resorts offers a great opportunity. They’ve been steadily recovering from last year’s losses, meaning it could be an excellent time to invest before they begin climbing once again.
Cash Flow: Despite a poor 2020 (likely due to the coronavirus pandemic) MGM Resorts has begun to once again increase their cash flow. Throughout the whole of 2020 MGM’s quarterly cash flow ranged from negative $667 million to negative $201 million. However, due to restrictions lifting the second quarter of 2021 saw cash flow rise drastically up $352 million in the green.
Dividend Payments: It’s not uncommon for companies to pass a portion of their profits forward to investors. This is called a dividend payment. For anyone wanting exposure to dividend-paying casino stocks, it’s hard to beat MGM. They pay dividends quarterly at a rate of $0.25 per share. That means that if you bought 100 shares at the current market rate ($45.42) then you should earn $25 every 3 months or $100 per year at a cost of $4542. Per quarter, you would earn around 0.55% of your share value in dividends.
Regardless of how strong a stock may seem on the surface, there are always disadvantages that may not be immediately visible. For MGM this seems to be their sharp drop in annual revenue.
Decrease in Annual Revenue: Although MGM Resorts were continually increasing their annual revenue over the past 5 years, however, likely due to travel restrictions, their revenue in 2020 was slashed in half. Decreasing from $12.9 billion to just $5.16 billion. As we’re still in 2021, their annual revenue is yet to be announced but we would hope to see it begin to recover now that travel restrictions have begun to lift.
Caesars Entertainment Inc (CZR)
Caesars Entertainment is a US-based gaming company with resorts all over the states. They have casinos all over the West, Midwest, South, East, and Central. Meaning that pretty much wherever you are there’s a Caesars Entertainment-owned casino nearby.
If you want to buy casino stock that offers excellent financials then you might be interested in Caesars Entertainment Inc. They’ve been consistently growing, even throughout the pandemic. Therefore it’ll be interesting to see just how high they can climb over the next year or two.
Solid Growth: Despite the pandemic causing shockwaves in the gaming industry, Caesars Entertainment has managed to steadily increase annual revenue over the past few years. Between 2018 – 2020, their revenue went from $2.06B to $2.53B and finally to $3.47B. Considering they managed to achieve gains like this during the pandemic it’ll be interesting to see what happens during the close of 2021.
Stable Returns: Over the past 5 years the share price of Caesars Entertainment has risen from around $12 to $101, an increase of over 700%. Even though they had a brief blip in March 2021, the share price quickly recovered and catapulted to new heights.
Although Caesars Entertainment boasts solid financials and a good rate of growth, that doesn’t mean there aren’t any skeletons hiding in the closet.
Insider Trading: Although Caesars Entertainment’s financials are more than sound, there has been some controversy surrounding their trading practices. Over the past couple of years, there have been numerous reports of insider trading. While this may be nothing, it’s worth taking into consideration before you buy casino stock.
Roundhill Sports Betting & iGaming ETF (BETZ)
The Roundhill Sports Betting & iGaming ETF (BETZ) is one of the best-known ETFs in the gaming space. It offers exposure to a huge amount of assets including Kindred Group PLC, Rush Street Interactive INC, and Entain PLC.
ETFs offer a far greater level of stability than investing in a single asset. This is because they have exposure to a range of companies, meaning if one performs poorly the other will bolster the price. For example, BETZ didn’t perform as badly as MGM during the pandemic as it had exposure to online gaming companies.
Online Gaming: The Roundhill Sports Betting & iGaming ETF (BETZ) includes exposure to both real-world resorts and online gaming companies. This results in a far more stable ETF than if it were to include solely physical resorts. Many companies on this list were hit hard by the pandemic, however, due to their exposure to online gaming companies, BETZ wasn’t as badly affected as others.
Stable Returns: ETFs are well known for providing stable returns to investors. BETZ is no different, since its release in mid-2020, they’ve managed to steadily increase share price from around $14.70 up to $28.63, an increase of almost 100%.
Although ETFs can be an excellent option for anyone that can’t afford to take on a large amount of risk, they do have their own issues. Here are a few things you should consider before investing in BETZ.
Low Risk, Low Reward: While ETFs offer excellent stable returns, the amount you can earn from an ETF is usually eclipsed by investing directly in stocks. This is because ETFs have exposure to a range of companies, meaning if one takes off you’ll only be enjoying a percentage of what you otherwise would have. For example, if an ETF has a 5% exposure to MGM and their share price increased by 100%, you would only be able to earn a maximum of 5% profit.
Indirect Exposure: On the surface, it may seem as though investing in an ETF is the same as investing in a range of companies, however, there is one major difference. When you invest in an ETF you don’t own any of the assets it contains. While you might not notice much of a difference it’s something you should always take into consideration.
How to Buy Casino Stocks with eToro
Some platforms make buying stocks unnecessarily complicated, which can be off-putting to some investors. To ensure this doesn’t happen to our readers we’ve created this guide, detailing exactly how to buy casino stocks right now with eToro.
Step 1: Open an account with eToro
If you want to buy casino stocks, then the first thing you’ll need to do is register with a trusted broker. We recommend eToro as their platform is powerful, yet simple. To create an account with eToro all you’ve got to do is type “eToro.com” into your browser, press “Join Now” and fill in the required fields.
67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Verify your account
eToro is a regulated trading platform. This comes with several benefits for consumers such as increased security. However, it does also mean you’ll need to complete a KYC (know your customer) form. Luckily, this only takes a few minutes and all you’ll need to provide is a photo ID (passport, driving license) and proof of address (bank statement, utility bill).
Step 3: Fund your account
Now that your eToro account has been verified, you’ll need to fund it. If you click on the button marked “Deposit Funds” a screen will appear prompting you to input the amount you want to deposit. Enter the amount you plan on investing and press “Deposit”. eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill, etc).
Step 4: Buy Casino Stocks!
Once the funds have arrived in your account, you’re ready to buy casino stock. Just type the name of the asset you’d like to purchase into eToro’s search bar, press “Trade”, enter the amount you’d like to buy, and press “Open Trade”. Once you’ve done this, you’ll be able to minor the performance of your stocks from the portfolio section of your account.
The gambling industry is big business, every year thousands flock to Las Vegas to experience the nightlife, culture, but mostly for casinos. Unfortunately, for the majority, the phrase “the house always wins” rings true, after all, casinos are run for profit. So rather than making the pilgrimage to Las Vegas, you might be in a better position if you join the winning team and buy casino stocks. Many casinos have taken a hit due to the pandemic, making it an excellent time to buy before their share price fully recovers. However, if you’re going to use that strategy, you’ll need to arm yourself with a powerful trading platform. For this, we recommend eToro as they offer powerful features held within a simple-to-use platform. All in all, rather than gambling in a casino, you might be better off if you instead gamble on a casino stock.