Gaming Stocks to Watch in 2019

By Ben Hamill - February 10 2019

Gaming Stocks to Watch in 2019

There are a few casino and gaming companies that are set to grow significantly in 2019, all thanks to the renewed popularity of the gambling industry. The global gambling industry was valued at $450 billion back in 2016, and is expected to reach $500 billion by the end of this year, if not more. Canada, as always, is at the forefront of this progression.

Some major catalysts that will be driving the 11.1% industry value increase include new laws aimed at nixing bans on casino ownership, and of course, the soaring popularity of online and mobile gaming. Currently, there are three primary Canadian stocks that are set to explode in value as they take advantage of the growing industry – and it’s well worth keeping your eye on them for that reason!

Great Canadian Gaming – $53.10

Great Canadian Gaming Corporation (TSX:GC) is the first firm to take note of, with stocks valued at $53.10, correct at the time of writing. GCGC operates 28 entertainment, gambling and hospitality resorts across British Columbia, Ontario, New Brunswick, Nova Scotia and Washington state, and is considered one of the nation’s largest and most wealthy operators.

The firm is also very committed to social responsibility projects, which works in its favour among savvy investors. Great Canadian donates a hefty portion of its annual gross gaming revenues to provincial governments to be put towards, education, healthcare, and culture and social service initiatives. GCGC’s market cap is set at 3.09 billion, and is currently displaying year-on-year revenue growth of 69.9%. Its 1-month total return rate is set at +8.6%.

READ MORE: Alberta Expected To Enter The iGaming Arena

Pollard Banknote Limited – $23.90

Next up is Pollard Banknote Limited (TSX:PBL), with stocks valued at $23.90 at the time of writing. This company is a leading lottery supplier to over 60 major lotto operators across the globe, offering a slew of licensed titles, instant win tickets, Schafer Systems merchandising technologies, and other digital products.

The firm focuses on assisting lotteries to maximize their sales and boost their player engagement rates for a stronger bottom line. Late in 2018, Pollard Banknote Ltd also announced its purchase of leading global lottery ticket station supplier, Schafer Systems. This company has a market cap of $614.8 million, and is showing 25.6% year-on-year revenue growth at the present, along with a +16.9% 1-month total return rate.

READ MORE: Future Bookies to Embrace New Technologies

Evergreen Gaming Corp. – $0.37

The third firm to keep an eye on is Evergreen Gaming Corporation (TSXV:TNA), with stocks currently valued at $0.37. This US and Canada-based company operates casinos packed with pull tabs, card games, and popular on-site diners. It runs its properties in locations across Washington, like Tukwila, Shoreline and Lakewood.

Evergreen reported revenues of $13.9m for the third quarter of 2018 – a 17.8% quarterly increase – and is also showing year-on-year revenue growth of 16.6%. The operator has a current market cap of $46.06 million and a 1-month total return rate of +27.6%.

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