While the global recession was thought to be over long ago, many individuals and companies around the world are still struggling to get back on their feet.
For investors times have been tough, but gambling stocks have presented a surprisingly profitable option.
Macau, the new hot spot for gambling fans from around the world, reported a 40% increase in profits earlier this year. While many Las Vegas-based brands continue to struggle to get back on their feet, Macau’s soaring profits have helped boost the stock prices for Wynn, who was one of the first American operators to open shop in Asia.
UK-based gambling companies are also reporting impressive numbers this time of year. Ladbrokes has seen a £30 million increase since last year, while William Hill saw an increase of 22%. The UK is one of the most profitable online gambling markets, and operators based in the country are always a safe bet for investors.
Although gambling was through to be a recession-proof industry, casinos were hit the hardest during the global financial crisis. While stock prices still continue to plummet, investors can rest assured that they will see a return on their money in the near future. When the economy finally recovers, it is almost certain that most casino operators will reach their previous heights of profitability.