This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC0Q0MJ_M.jpg
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.
