About Time: You Bought UK Online Casino SharesBy Angelica Malin
When it comes to selecting shares to invest in, there are hundreds of industries to get involved in. One that you may not have considered is the UK casino market, which is one of the most varied out there. Join us as we explore if it’s worthwhile to invest your cash in these companies.
Public Casino Companies in the UK
One of the largest gambling groups that is publicly traded is The Rank Group, who own brands like Grosvenor Casino. Their share price has been fluctuating seriously over the past few months, with investor relations becoming somewhat fraught. They’ve appointed a new CEO and board to turn their fortunes around.
Their share price has dipped recently, but should these new appointments do their job well, this should be increasing once more. This could be a good time to purchase these public shares as they increase over time.
Paddy Power Betfair have also seen fluctuations in their share price recently. They’re not one of the biggest betting companies in the world post merger but various elements can impact their share price. Compliance, fines and legislations have all changed the public view of this pastime.
They’ve fallen foul of a few new laws, which may have impacted the market’s confidence in their product. This is a difficult market for all involved, though with increased vigilance some of these fines could have been avoided.
While these larger companies have their eye on territories further afield, like the US, smaller operators are also working to get their share of the market. Lucky Admiral which related to Jumpman Slots are pushing to bring in more players to boost their market share. The current climate of the casino market is incredibly competitive, with brands having to do anything that they can in order to stand out.
The US as an Emerging Territory
With the repeal of PASPA, the US is an emerging territory for gambling operators. It will take some time for all states to hold their own research and votes into whether gambling should be legalised, but some are already making their way into the market. Larger operators are in a better position to do this, as they can establish their presence in a new market without risking their UK operation.
This is something that smaller operators may struggle with, as they hope to keep a foot in both of the markets. Keeping a hold in both markets is a tough task, especially with the competitive nature of the UK market. Setting their sights elsewhere can take the focus off the UK market and cause these brands to lose their grip on the market.
This is a quandry for operators and is the reason why many are waiting to see if the market is viable before dedicating resources.
The UK casino market is very fertile ground for those that want to buy shares, though it can be volatile. Understanding the market and its challenges can help investors to be savvy and potentially make a return on their investment.