Are you interested in gambling stocks? If so, here’s a great compilation from Insider Monkey again, the 20 gambling stocks hedge funds are crazy about in 2019. Hedge funds have always been interested in casino stocks in history. Now, as the world is changing, with online gambling, lottery stocks and gaming equipment suppliers attracting investments, hedge funds are increasingly active in this field, as well. In 2019 the global gambling merket was over $300 billion, while online gambling was 15% of it.
Since 2018 every state has been allowed to decide whether they approve of sports gambling or not. Before this ruling, bettors in most states could place their bets on the black market. What shows the size of the black market, is the number of sports betting annually, as we can speak about $50-60 billion. Regarding to the American Gaming Association, about $150 billion is bet on the amateur and professional sports in the United States in a year. As online gambling is legalized in more and more states, the market of it will continually grow. All this means that there are large number of opportunities to invest in gambling stocks.
- Nevada Gold & Casinos, Inc. (UWN)
Number of Hedge Funds: 5
Dollar Value of Positions (in thousands): $3537
- Century Casinos, Inc. (CNTY)
Number of Hedge Funds: 6
Dollar Value of Positions (in thousands): $57293
- Inspired Entertainment, Inc. (INSE)
Number of Hedge Funds: 8
Dollar Value of Positions (in thousands): $33693
- Monarch Casino & Resort, Inc. (MCRI)
Number of Hedge Funds: 10
Dollar Value of Positions (in thousands): $130391
- Golden Entertainment, Inc. (GDEN)
Number of Hedge Funds: 12
Dollar Value of Positions (in thousands): $87918
- Century Communities, Inc. (CCS)
Number of Hedge Funds: 16
Dollar Value of Positions (in thousands): $197409
- Red Rock Resorts, Inc. (RRR)
Number of Hedge Funds: 17
Dollar Value of Positions (in thousands): $377954
- Melco Resorts & Entertainment Limited (MLCO)
Number of Hedge Funds: 22
Dollar Value of Positions (in thousands): $394196
- Penn National Gaming, Inc. (PENN)
Number of Hedge Funds: 24
Dollar Value of Positions (in thousands): $263918
- Everi Holdings Inc. (EVRI)
Number of Hedge Funds: 26
Dollar Value of Positions (in thousands): $244606
- Boyd Gaming Corporation (BYD)
Number of Hedge Funds: 28
Dollar Value of Positions (in thousands): $404116
- Scientific Games Corp (SGMS)
Number of Hedge Funds: 28
Dollar Value of Positions (in thousands): $604918
- Churchill Downs, Incorporated (CHDN)
Number of Hedge Funds: 29
Dollar Value of Positions (in thousands): $519547
- Eldorado Resorts, Inc. (ERI)
Number of Hedge Funds: 31
Dollar Value of Positions (in thousands): $549919
- International Game Technology (IGT)
Number of Hedge Funds: 32
Dollar Value of Positions (in thousands): $395322
- Las Vegas Sands Corp. (LVS)
Number of Hedge Funds: 37
Dollar Value of Positions: $1.71 billion
- The Stars Group Inc. (TSG)
Number of Hedge Funds: 44
Dollar Value of Positions: $903 million
- Wynn Resorts, Limited (WYNN)
Number of Hedge Funds: 44
Dollar Value of Positions: $2.20 billion
- MGM Resorts International (MGM)
Number of Hedge Funds: 45
Dollar Value of Positions: $1.76 billion
- Caesars Entertainment Corporation (CZR)
Number of Hedge Funds: 57
Dollar Value of Positions: $3.15 billion
This was our compilation of the 20 gambling stocks hedge funds are crazy about in 2019.
