Top 5 Casino Stocks To Own For 2023

What happened 

Casino stocks with exposure to Macao took a nosedive on Tuesday after a few announcements from the government. One was that COVID-19 cases are on the rise in the Chinese province of Fujian and that could result in fewer visitors to Macao. More concerning is potential government restrictions on gambling in the region, which could turn gambling stocks from steady growth stocks to risky bets overnight. 

The impact was swift on the stock market. Shares of Wynn Resorts (NASDAQ:WYNN) fell as much as 13.8%, Las Vegas Sands (NYSE:LVS) dropped 13.9%, and Melco Resorts & Entertainment (NASDAQ:MLCO) was off 9.1% at one point. The stocks are down 11%, 10.4%, and 6.4% at 3:15 p.m. EDT. The drop has even swept up MGM Resorts International (NYSE:MGM), which fell as much as 5.5% today. 

Image source: Getty Images.

Top 5 Casino Stocks To Own For 2023: Consumer Portfolio Services Inc.(CPSS)

Consumer Portfolio Services, Inc. operates as a specialty finance company in the United States. It engages in purchasing and serving retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, provides indirect financing to dealer customers for borrowers with limited credit histories, low incomes, or past credit problems. It serves as an alternative source of financing for dealers, allowing sales to customers who might not be able to obtain financing. The company also directly finances consumers for vehicle purchases. Consumer Portfolio Services, Inc. provides its automobile contracts through its headquarters and three servicing branches in Virginia, Florida, and Illinois. The company was founded in 1991 and is headquartered in Irvine, California.

Advisors’ Opinion:

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Consumer Portfolio Services (CPSS)

    For more information about research offerings from Zacks Investment Research, visit

  • [By Stephan Byrd]

    ValuEngine upgraded shares of Consumer Portfolio Services (NASDAQ:CPSS) from a sell rating to a hold rating in a report issued on Tuesday.

    Other research analysts also recently issued research reports about the company. Jefferies Financial Group reaffirmed a buy rating and issued a $5.00 price target on shares of Consumer Portfolio Services in a research note on Thursday, July 26th. Zacks Investment Research upgraded Consumer Portfolio Services from a sell rating to a hold rating in a research report on Monday, August 27th. Finally, JMP Securities upgraded Consumer Portfolio Services from a market perform rating to an outperform rating and set a $6.00 target price on the stock in a research report on Friday, June 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $5.08.

Top 5 Casino Stocks To Own For 2023: IPG Photonics Corporation(IPGP)

IPG Photonics Corporation, incorporated on December 2, 1998, is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The Company has sales offices in the United States, Germany, Russia, Italy, Turkey, the United Kingdom, France, Spain, Poland, Czech Republic, China, Japan, South Korea, Singapore and India. The Company’s manufacturing facilities are located in the United States, Germany and Russia. The Company also manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads and chillers. In addition, the Company offers laser-based systems for certain markets and applications.


The Company’s laser products include low (1 to 99 watts), medium (100 to 999 watts) and high (over 1,000 watts) output power lasers from 0.3 to 4.5 microns in wavelength. These lasers may be continuous-wave (CW), quasi-continuous-wave (QCW) or pulsed. The Company’s pulsed line includes nanosecond, picosecond and femtosecond lasers. It offers several different types of lasers, which are defined by the type of gain medium they use. These are ytterbium, erbium and thulium, as well as Raman and hybrid fiber-crystal lasers. The Company also sells fiber pigtailed packaged diodes and fiber coupled direct diode laser systems that use semiconductor diodes. In addition, it offers high-energy pulsed lasers, multi-wavelength lasers, tunable lasers, single-polarization and single-frequency lasers.

The Company also makes single-mode and low-mode output ytterbium fiber lasers with power levels of approximately 20,000 watts and single-mode, erbium and thulium fiber lasers with power levels of over 500 watts. It also sells laser diode chips and packaged laser diodes operating at 8XX to 9XX nanometers. The Company sells its own family of high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners and other accessories for its fiber lasers. It also makes active and passive laser materials and tunable lasers in the middle-infrared region.


The Company’s amplifier products range from milli watts to approximately 1,500 watts of output power from 1 to 2 microns in wavelength. It offers erbium-doped fiber amplifiers (EDFAs), Raman amplifiers and integrated communications systems. These products are deployed in broadband networks, such as fiber to the home (FTTH), fiber to the curb (FTTC) and passive optical networks (PON), and dense wavelength division multiplexing (DWDM) networks. It also offers ytterbium and thulium specialty fiber amplifiers and broadband light sources that are used in advanced applications. In addition, the Company sells single-frequency, linearly polarized and polarization-maintaining versions of its amplifier products.


The Company offers integrated laser systems for particular geographic markets or custom-developed for a customer’s manufacturing requirements. Through its IPG Microsystems division, the Company offers industrial grade ultra violet (UV) excimer, diode pumped solid state and picosecond laser micromachining systems and materials processing services. Applications for these systems include advanced laser scribing and laser lift-off (LLO) of light-emitting diodes (LEDs), semiconductor, micro-electro-mechanical systems (MEMS), research, biomedical and industrial micromachining. IPG Microsystems’ laser systems operate at wavelengths from 193 nanometers to 1,064 nanometers.

IPG also develops and sells specialized fiber laser systems for material processing applications as requested by customers, including orbital welding, remote welding, micro-welding and cutting. The platforms include multi-axis workstations for welding, cutting and cladding, flatbed cutting systems and diode markers. Other systems offerings include a welding seam stepper and picker, which is an automated and integrated fiber laser welding tool. The seam stepper and picker, an alternative to resistance welding, are used in automotive assembly, appliance, rail cars and other sheet metal fabrication.

The Company competes with Fanuc; Rofin-Sinar Technologies, Inc., Trumpf GmbH + Co., KG, Coherent, Inc., GSI Group Inc., Newport Corporation, Laserline GmbH, TeraDiode, Inc, Hypertherm, Inc., The Furukawa Electric Co., Ltd., Keopsys SA, Mitsubishi Cable Industries, Ltd., Amada Co., Ltd, Raycus Fiber Laser Technologies Co. Ltd., Maxphotonics Co., Ltd., nLight Corporation and Lumentum Holdings Inc.

Advisors’ Opinion:

  • [By Anders Bylund]

    Shares of several fiber-optic networking stocks rose at least 12% in February, according to data from S&P Global Market Intelligence. Fiber lasers manufacturer IPG Photonics (NASDAQ:IPGP) led the pack with a 16.6% gain. Long-haul networking expert Infinera (NASDAQ:INFN) added 16.1%, laser and optics specialist Coherent (NASDAQ:COHR) rose 12.6%, and optoelectronic components maker II-VI (NASDAQ:IIVI) posted an 11.9% return.

  • [By Motley Fool Staff]

    One of the things I’ve always tried to do with this podcast is save the best for last. It’s fun to go back in time and see how things have done, especially when you have a lot of time. Let’s talk about Five Stocks to Feed the Bear. Emily, here they are, alphabetically: Carter’s (NYSE:CRI), Ellie Mae (NYSE:ELLI), IPG Photonics (NASDAQ:IPGP), MercadoLibre (NASDAQ:MELI), and Planet Fitness. 

  • [By Danny Vena]

    Expectations were subdued going into the fourth-quarter fiscal report for IPG Photonics (NASDAQ:IPGP). Last quarter, investors were rattled when the industrial laser maker reported that “global macroeconomic and geopolitical headwinds have persisted into the fourth quarter, affecting our business along with others in the sector,” according to CEO Valentin Gapontsev. Those conditions included weakness in China and Europe, two of IPG’s biggest markets, causing year-over-year declines in revenue and earnings.

  • [By Motley Fool Transcribing]

    IPG Photonics (NASDAQ:IPGP) Q4 2018 Earnings Conference CallFeb. 12, 2019 10:00 a.m. ET

    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:


Top 5 Casino Stocks To Own For 2023: NINTENDO CO LTD(NTDOY)

Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and distributes electronic entertainment products in Japan, the Americas, Europe, and internationally. It offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software. The company was formerly known as Nintendo Playing Card Co., Ltd. and changed its name to Nintendo Co., Ltd. in 1963. Nintendo Co., Ltd. was founded in 1889 and is headquartered in Kyoto, Japan.

Advisors’ Opinion:

  • [By ]

    Turtle Beach boasts the number one gaming headset for Nintendo (NTDOY), Microsoft's (MSFT) Xbox and Sony's (SONY) Playstation systems and holds revenue share bigger than the next four largest competitors combined. The company's Roccat product line is expanding on a global basis, and sales tripled in the first half of this year. Another growth catalyst comes from the company's January acquisition of Neat Microphones, which is launching a new product line in 2021.

  • [By ]

    Amidst the riff-raff, some of the biggest, most respected foreign companies in the world list their U.S. shares over-the-counter instead of on the major U.S. exchanges. Here, you’ll find shares of The Industrial & Commercial Bank of China Ltd. (IDCBY), which happens to be the biggest bank in the world. You also can buy shares of Switzerland’s Nestlé (NSRGY), the largest food company in the world; China’s Tencent (TCEHY), one of the country’s largest internet service providers; and Japanese gaming giant Nintendo (NTDOY).

Top 5 Casino Stocks To Own For 2023: ARMOUR Residential REIT, Inc.(ARR)

ARMOUR Residential REIT, Inc. invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. Its securities portfolio primarily consists of agency securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, as well as unsecured notes and bonds issued by the government-sponsored entities and the United States treasuries; and money market instruments. The company has elected to be taxed as a real estate investment trust under the Internal Revenue Code. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. ARMOUR Residential REIT, Inc. was founded in 2008 and is based in Vero Beach, Florida.

Leave a Reply

Your email address will not be published.