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Gambling companies, especially those offering online services, generated significant returns over the past year as people increasingly turned to online gambling, given that the physical casinos were closed for COVID-19 lockdown reasons. With the increasing legalization of online gambling across the country, many companies in this space are well-positioned to benefit. According to ResearchandMarkets, the global gambling market is expected to grow at a 7% CAGR over the next four years.
IGT has gained 19.6% in price over the past six months, while SGMS has returned 9%. Also, IGT’s 117.6% gains over the past year are significantly higher than SGMS’ 71.8% returns. Furthermore, IGT is the clear winner with 56.6% gains versus SGMS’ 3.5% returns in terms of their past three months’ performance.
