Online gambling seems to be a good bet for savvy investors

There have been a many of online gaming companies popping up in Canada, quickly vaulting the country into second place in terms of industry market cap behind the U.K., where several TSX-listed names happen to do most of their business.

This is one sector that seems to be growing when there is a low-growth environment globally. H2 Gambling Capital, the industry’s leading source for data, forecasts the value of the global online casino market will swell to about US$13.5 billion by 2018, representing a compound annual growth rate of more than 10% from 2014.

Those type of numbers have caught people’s attention and are a big driver of some impressive returns in the sector.

Electronic gambling has quickly emerged as an industry in Canada. Amaya Inc.’s US$4.9 billion purchase of the top-ranked PokerStars and Full Tilt online poker brands made it the largest publicly listed online gaming company on the planet. Tat moved spawned several spinoffs as Amaya looked to reduce its debt load, but its share price performance continues to make a lot of people very happy.

It dominates online betting in Canada and online poker, but with revenues in that industry declining slowly, Amaya is eager to branch out into other casino games and sports betting in the near future.

The Most Trusted Casino Guide.

Casino in Canada © 2017 - All rights reserved.