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StockNews.com
StockNews.com
Business
Subhasree Kar

3 Outperforming Resort & Casino Stocks with More Room to Run: Golden Entertainment, Monarch, and Century.

The resorts and casino markets have rebounded sharply from their pandemic-driven downturns because people are again engaging in outdoor activities and in-person entertainment. The demand for these services is returning to pre-pandemic levels. As part of the commercial gambling market, casinos are gaining traction with increasing visibility and rising prominence on online platforms.

The global casino market is projected to grow at a 3.7% CAGR to $153.20 billion by 2026. Furthermore, the relaxation of gambling regulations, the use of digital currencies in casinos, and technological advancements are expected to propel the industry’s growth in the near term. Resort businesses are also expected to boom because the flexibility of hybrid work arrangements is leading to extended vacations.

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