The Super Simple Guide to Investing in Gaming Stocks

Video gaming began in 1971. It has developed into a massive gaming industry, with the 2000s seeing the appearance of mobile phone gaming to add to console and PC play. Advances in technology have allowed for virtual and augmented reality in gaming. Technology continues to race ahead and benefit the gaming industry. This makes it a sought-after investment option. Here we look at the different types of gaming stocks and provide tips on online casino stock trading.

The Advantages of Investing in the Gaming Industry

There are four different types of companies involved in the development of gaming: design, software, hardware, and publishing and distribution firms. When deciding where to invest, current advice is to diversify your portfolio by choosing a spread across the four kinds of companies.

The video gaming industry is set to generate over $200 billion by 2023 with forty percent of the world’s population being gamers. 

E-sport has also become a popular form of entertainment. This alone is a billion-dollar industry that has arisen from gaming. 

Bear in mind that, in addition to capital gains, there are also profits to be made from dividends. The former involves the active selling of shares while the latter is a passively earned income.

You can also purchase stock from traditional and online casinos, which is where our focus is.

Traditional Casino Stock

While casinos involve gaming, they also provide shopping, restaurants, top-notch entertainment, and even sports. There is a trend for these resorts to merge, forming immense conglomerates. Some of the big-name companies to invest in are Las Vegas Sands, Melco Resorts and Entertainment, MGM Resorts International, Wynn Resorts, Caesars Entertainment, and Penn National Gaming. There are many others too, and you would need to look at how the stock is performing to choose which ones to invest in.

Online Casino Stock

Covid lockdown restrictions have negatively affected traditional casinos. This led to the establishment of online casinos. These have enjoyed patronage as casino players realized the advantages of playing from home – no travel, home comforts, free meals, and snacks. This speaks to the convenience of online gaming. You will also have far more flexibility in how to fund your night with more payment options than offered by traditional casinos. Finally, you will be able to benefit from welcome bonuses, reload bonuses, free spins, free games, and VIP perks rewards programs.

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Some of the top online casino stocks to invest in are International Game Technology, GAN Limited, Codere Online Luxembourg, S.A., Golden Matrix Group, Esports Technologies, Inc., Rush Street Interactive, Inc., and Elys Game Technology, Corp.

Tips for Stock Trading

For the investor who wants to be involved in active stock trading, here are some tips on how to stay abreast of trends. 

Online stock screeners provide information on stock trends, which you can set the search parameters for. Pay attention to the percent change since opening. 

Newsletters such as the Motley Fool Stock Advisor can also give you tips on the best trading strategies and which companies to invest in.

Social media can keep you informed on the trendiness of stock, which may affect stock values.

Whatever stock you chose to invest in, you can always turn to a stock trader if you are unsure. 

Disclaimer: This content does not necessarily represent the views of IWB.


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