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Why Your 2021 Resolution Should Be to Buy More Gambling Stocks

TheMotleyFool

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Why Your 2021 Resolution Should Be to Buy More Gambling Stocks

The casino and gambling industry had an even stranger year than most of the market in 2020, with some stocks tanking and others flying high. Traditional casino companies like Melco Resorts, Las Vegas Sands, and Wynn Resorts not only underperformed the market, they lost value last year. Meanwhile, stocks like Penn National Gaming and DraftKings skyrocketed to more than triple their value a year ago (or at the start of trading, in DraftKings' case) as investors bet they would be the industry's highest growth stocks.

As we look to 2021, where should your bets be in the casino and gambling industry? Optionality is the name of the game next year.