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According to the American Gaming Association’s commercial gaming revenue data, U.S. gambling revenue hit $13.65 billion in the second quarter of 2021, up 26.3% from the second quarter of 2019. Furthermore, the global casino industry is expected to reach $159.3 billion by 2027, registering a 3.7% CAGR.
Therefore, we think casino companies Golden Entertainment, Inc. (GDEN) and Century Casinos, Inc. (CNTY) will witness substantial sales growth in the near term. As a result, these under-the-radar stocks have been rated a ‘Strong Buy’ in our proprietary POWR Ratings system.
