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Top 3 listed iGaming companies to invest in
iGaming has been growing so fast recently that even land-based casinos are also creating online games to keep up. On the back of such growth, this might be the best time to get into the industry on the ground floor and ride to the top. The easiest way to do this is finding listed companies on stock exchanges, which is easier that waiting for a public round of funding. These are the top 3 options all investors should consider:
Playtech (LSE: PTEC)
Playtech is one of the main suppliers of online gaming software, and the company has been performing really well over the past few years. In the 2017 financial year, Playtech recorded a 29% revenue growth up from 2016 to reach €84.9 million. As per date by NorskeCasino.casino, EBITDA grew by 73% to reach €27 million while annual dividends were $0.30 up from $0.12 at a 2.69% dividend yield. Analysts expect that earnings per share (EPS) should grow by 5% this year and 8% in 2019 at a 4.9% dividend yield.
What makes Playtech PLC even more attractive to invest in right now is its current dip in stock price. This was after an announcement by the company revenues had dropped by 11% year-on-year in the first 51 days of this fiscal year. On a positive note, the dip means that you could buy shares for cheap and expect a rise in share prices as the year goes on. Besides, Playtech has had a great profit growth over the past 6 years of 20% annually, and this is unlikely to stop now.
Gaming Innovation Group (OB:GIG)
As per this info, GIG has become one of the largest iGaming providers in the Nordic countries, which is a very ripe industry. Among European countries, the Nordics’ iGaming stocks have accounted for some of the highest growth rates, despite the relatively low population. GIG in particular has had spectacular annual revenue growth of 124.65% while earnings are expected to grow by 60.32% this year. Comparing this to the industry average of 20.83%, GIG is set up to gain some of the highest revenue growth rates this year. Furthermore, the stock is relatively cheap at the moment being valued at about ØRE5.93. It is safe to assume that GIG will continue to grow even further in the years to come, making it not only a short-term investment but a long-term one as well.
All through 2017, NetEnt AB was an exceptional performer, even being titled the casino supplier of the year. In 2017, revenues increased by 12% to reach €163.8 million. This was actually despite a dip in revenues on the final quarter of the year. This was due to the phasing out of game deliveries in countries like Poland, Australia and the Czech Republic. However, they have recently announced a deal with Hard Rock Hotel & Casino Atlantic City, which is bound to give it a boost. This is another potentially profitable iGaming company that you can invest in too.
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