EVO - Is Evolution Gaming a Stock for the Long Haul?
Online gambling has been a trending industry over the last decade. Also known as iGaming, this global industry generated an estimated $45 billion in revenue in 2019 and that figure is projected to hit $77 billion by 2026, a 7.9% compound annual growth rate (CAGR). Surprisingly, one big reason for this expected growth (especially in the United States) is the rise of live casinos online.
How can investors get a piece of the fast-growing live casino trend? Enter Evolution Gaming Group (OM: EVO) . The Swedish company is powering many of the live casinos popping up online around the world, and it is generating top-of-the-line profit margins with its unique, scalable business model.
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Is Evolution Gaming a Stock for the Long Haul?