In short, yes. But then you’re not here for the short answer. So, before we examine why it is a good idea to invest in online casinos, it’s worth looking back at the history of online gaming, the surge of online casinos and why they’re proving to be so popular. Then you can ask yourself again if the investment is a viable option.
Gambling is one of the oldest leisure activities in history. Betting on sports, card games and table games all existed in one way or another before the lucrative online casinos. And to this day, they’re always a sound investment. Online gaming has enjoyed a huge surge in popularity over the last ten years, and it’s continuing to grow. The industry is always innovating, too.
Where did it all begin? Back in the 1990s, online casinos came into bloom. This opened the way for legal online casinos to be developed, and it was around about the time 888 Casino was born – in fact, it’s one of the oldest internet casinos in the world. Founded in Gibraltar in 1997, it has grown into a major player. To see why read an in-depth review showing everything that 888 Casino offers.
Online casinos became popular for many reasons. It was something new. Not only could regular casino-goers enjoy it, but people who loved exploring the newly forming online world were enamoured by the possibilities of winning large sums while playing at home. It’s this focus which has made online casinos so popular to this day. As well as regular table classics, such as Roulette, Blackjack or Poker, the introduction of slot games were hugely popular. Evolving from the humble fruit machine, players could enjoy new symbols, stories, visuals and huge jackpots. So, if you can imagine how much the operators were, and still are, earning from its players, think of the potential earnings for an investor.
888 Casino was one of the first online casinos on the scene and has built up a solid brand reputation over the last 22 years. Its parent company, 888 Holdings is the brains (or rather, money) behind it all, just like GVC, The Stars Group and William Hill are responsible for some of the world’s biggest brands, including Ladbrokes Coral and PokerStars. Looking at the Stock Exchange for these companies, you can see how they’re largely succeeding in the market.
William Hill’s share price even held steady after revealing it was closing High Street betting shops recently. The price remained stable because investors appreciate the company is focusing on the online gaming part of things from now. This seems very likely, especially when comparing it to The Stars Group, whose shares have risen by 0.23% recently. The Stars Group’s brands focus primarily on online casinos, as well as its core PokerStars online poker brand. And as online gambling continues to innovate and impress, the stock in this market is going to rise too.
888 Casino’s share price has fallen back in the past few years. September 2018 looked to be the start of concern before prices began to rise again in December. Like all companies in the stock market, there are always peaks and troughs, but as of late, 888 Casino is showing impressive signs of recovery. It has a lot of competition out there, and as one of the oldest brands in the market, it needs to refresh, readapt and reconquer the market. As a licensed company in parts of the US, a rare achievement for an online casino, things can only be looking up. Just like the recent share prices shows.
Online casinos are absolutely a viable investment in 2019, according to official market research from industry experts, companies and stakeholders. The immediate future will see further UK regulations passed on land-based betting shops, which will, in turn, see a huge focus on online gaming. Which means now’s an even better time to invest while prices will be low, before rising over the next few years.
It’s estimated that by 2024, the global annual revenue of online casinos will be $94 billion. Online casinos are going to keep growing, and brands like 888 Casino are well positioned in the market. It’s reaching out across the globe, taking its presence from Europe to America. And it’s taking advantage of the latest gaming technology such as live dealer games, to create superior games that will see fans coming back time and again.
With the right investments in place, you’ll be the one that yields the rewards.