The revenue saw a 24% growth from the previous month but still has to meet the 2019 levels.

In May, Macau’s gross gaming revenue surged 492% to $1.3 billion, beating the expectations of the analysts. Macau, China, also remained a hot spot for casino-centric games in 2021. In May 2021, the casinos in Las Vegas hit $1.2 billion in gaming wins, breaking October 2007’s single-month record of $1.16 billion. Other companies like Wynn Resorts, Limited (NASDAQ: WYNN ), Boyd Gaming Corporation (NYSE: BYD), and Churchill Downs Incorporated (NASDAQ: CHDN) also grew their revenues due to the resumption of activities, drawing the attention of investors. bounced back stronger from the Covid-19 crisis.įor example, one of the leading global entertainment companies, MGM Resorts International (NYSE: MGM) generated over $1.6 billion in revenue in the first quarter, $545 million of which was generated by Las Vegas Strip Resorts. Some of the major casino companies in the U.S. According to American Gaming Association, in the first quarter of 2021, the gross gaming revenue stood at $11.1 billion, with slot machines generating over $6.7 billion.

also surged as tourism resumed and casinos started to show strong signs of recovery. (NYSE: LVS ), and MGM Resorts International (NYSE: MGM ). The state is home to some of the famous casino companies such as Caesars Entertainment, Inc. has over 2,100 casinos, most of which are located in Nevada. The hotel occupancy also surged to 70.9% in May. According to the Las Vegas Convention and Visitors Authority, over 2.8 million people visited Las Vegas in May, presenting an 11.8% growth from April. The growth is attributed to the resumption of operations in casinos and other gaming/betting companies after Covid-19 restrictions. You can skip our detailed discussion on these companies, and go directly to the 5 Best Casino Stocks to Invest In.ĭespite getting clobbered in 2020 amid the coronavirus pandemic, the casino industry is set to grow in the coming years on the back of an increasing interest of average Americans in gaming, online gambling and a broader economic recovery.Īccording to a report published by Research and Markets, the global gambling market is expected to grow at a CAGR of 10.8% at $516.03 billion in 2021. In this article we presented the 15 best casino stocks to invest in.

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