5 Casino Stocks to Bet On in 2012
NEW YORK (TheStreet) -- In its latest report, Fitch Ratings forecasts that casino operators and gambling firms in 2012 will experience varying levels of success in continuing expansions of margins and paying off debts.
Meanwhile, global casino gaming revenues around the world will grow at a 9.2% over the next five years, rising from $117.6 billion in 2010 to $182.8 billion by 2015, PricewaterhouseCoopers projects. During this period, spending in the U.S. will rise by 5% to $73.3 billion from $57.5 billion in 2010.
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The latest edition of Global Gaming Outlook analyzes that the casino and gaming industry revenue will grow at an 18.3% from $34.3 billion in 2010 to $79.3 billion by 2015.
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A consensus of analysts surveyed by Bloomberg estimate 30% to 74% upside for these five stocks. Among analysts covering these stocks, an average of 72% issued buy recommendations. The stocks are listed in ascending order of upside potential.Select the service that is right for you!
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