Best Casino Stock To Invest In

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Aug 09, 2019  How to Invest in Casino Stocks. Travis Hoium, The Motley Fool. Make sure the casino stock fits your risk profile. They are arguably some of the best dividend stocks on the market.

  • The ho-hum McDonald's was also one of the best stocks in 2008's lousy market. MCD stock, while it didn't go bonkers, gained a respectable 8.5 percent that year after dividends.
  • Mar 27, 2019 What are Penny Stocks? Guide with the top 10 Penny Stock Opportunities to invest in 2019. What are the risk associated with Penny Stocks.
  • Investors seeking to capitalize the upcoming boom in sports betting could make a play on any of the following stocks. 5 Lucrative Gaming Stocks to Cash In on Legal Sports Betting - May 15, 2018.
  • Casino: Large-Cap Stocks Las Vegas Sands Corp. (LVS) (The Venetian and The Palazzo) MGM Resorts International (MGM) (Bellagio, MGM Grand, Mandalay Bay, The Mirage, New York-New York, Circus Circus and the Excalibur).
  • The company's other properties include Stockman's Casino in Fallon, Nev., and the Grand Lodge Casino in Incline Village, Nev. Now in its second year of increasing revenues, FLL might be one of the top penny stocks today. Read: 15 Best Short-Term Stock Investments.
  • If you think this is a sound business model, you might want to think about investing in a high-performing casino stock. If you believe that big-spending patrons of places like Wynn and Caesar’s Palace will help those companies rake in more profits in the future, this might be the sector for you.
Best Casino Stock To Invest In

Unlike other entertainment-related businesses, companies that operate casinos often are included with other so-called vice industries, such as those that profit from tobacco, alcohol, weapons and pornography. Investing in the stocks of companies that operate casinos might not be exactly like rolling the dice in Vegas, but there are some big risks that accompany the big potential payoffs. Reduce your risk by investing in gaming stock mutual funds.

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Socially Conscious Investing

Best Casino Stocks To Buy

Socially conscious investing, sometimes called ethical investing, relies on a sense of moral obligation to use your money to further the common good. More than 150 of these socially conscious mutual funds, which eschewed the stocks of companies involved in alcohol, weapons, tobacco and gaming, held more than $2.7 trillion in assets as of 2010, according to the Kiplinger website. While ethical investing might be good for your soul, it might not do much for your pocketbook. Kiplinger reports about 65 percent of such funds lagged behind general market averages for the five- and 10-year periods ending May 7, 2010.

Best Stocks To Invest In

Gaming Stocks

When your investments broker talks about gaming stocks, he's not referring to video games. He's talking about the gambling industry. This includes companies that operate casinos, but the casino might only be a portion of a gaming company's business. For example, a major hospitality corporation might own a resort hotel that houses a casino, but it might also have interests in other industries such as television and film production. It's not uncommon for such companies to be highly leveraged, according to The Street website. This offers the opportunity for big rewards but also increases your risk.

Casino Mutual Funds

Diversification is one of the basic strategies for reducing risk, and it's one of the major benefits of investing in a gaming industry-focused mutual fund rather than trying to pick a winner among the multitude of companies that operate casinos. While some mutual funds focus their attention on companies that produce the majority of their income from gambling, other so-called 'sin stock' mutual funds invest in firearms manufacturers, distilleries and tobacco companies in addition to gaming companies.

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Considerations

Mutual funds that invest in casinos operate under the same basic rules and regulations as all other mutual funds. The Securities and Exchange Commission recommends doing your homework before shelling out your hard-earned money with any mutual fund company. Request a prospectus from the company and read it to determine what kind of companies it invests in, what its investment objective is and what kind of fees it charges.

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About the Author

Stock To Invest In 2010

Mike Parker is a full-time writer, publisher and independent businessman. His background includes a career as an investments broker with such NYSE member firms as Edward Jones & Company, AG Edwards & Sons and Dean Witter. He helped launch DiscoverCard as one of the company's first merchant sales reps.

Best Stock To Invest In Now

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