It has been a few turbulent years for the gaming and casino sector. US consumers reduced spending in vacations to Las Vegas and entertainment means gaming companies had to go overseas to look for growth.
After spending billions in expanding gaming presence in Macau. The casino stocks’ growth is once again under pressure following the Chinese government crackdown on corruption. Macau gaming revenue has fallen 40% since the start of the crackdown.
Casino ETF can be a safer avenue for investor to gain casino and gaming exposure in the investment portfolio by eliminating to some degree individual stock risk and gain the global secular trend of liberalising gambling. It provides direct sector exposure to the global gaming industry.
Current negative investor could mean that gaming ETF is a contrarian play. This is with benefit of the flow through from lower oil prices boosting consumer spending.
Market Vectors Gaming ETF (BJK) is the only listed gaming ETF designed for investors to take advantage of the global casino and gaming operators. BJK invests across more than 40 listed casino stocks in the Market Vectors Global Gaming Index. The index is capitalisation weighted so the larger the company, the greater weight in the index.
Around 30% of BJK is invested in US gaming stocks. Combined with Hong Kong listed gaming stocks both countries account for more than 50% of the ETF.
List of stocks below shows the Top 10 stocks in BJK and total number casino stocks sorted by country.
|Holding||Ticker||% of net assets|
|Las Vegas Sands Corp||LVS||8.39%|
|Galaxy Entertainment Group Ltd||27||8.18%|
|Sands China Ltd||1928||7.02%|
|Wynn Resorts Ltd||WYNN||6.38%|
|Mgm Resorts International||MGM||4.78%|
|Genting Singapore Plc||GENS||3.31%|
|International Game Technology||IGT||3.23%|
|William Hill Plc||WMH||3.16%|
|Tatts Group Ltd||TTS||3.03%|
Gaming ETF Performance
Gaming Stock List
|Las Vegas Sands Corp||LVS||US|
|Wynn Resorts Ltd||WYNN|
|Mgm Resorts International||MGM|
|International Game Technology||IGT|
|Melco Crown Entertainment Ltd||MPEL|
|Gaming And Leisure Properties Inc||GLPI|
|Pinnacle Entertainment Inc||PNK|
|Churchill Downs Inc||CHDN|
|Boyd Gaming Corp||BYD|
|Penn National Gaming Inc||PENN|
|Scientific Games Corp||SGMS|
|Global Cash Access Holdings Inc||GCA|
|Genting Singapore Plc||GENS||SP|
|Gold Reef Resorts Ltd||TSH||SJ|
|Sun International Ltd/South Africa||SUI||SJ|
|Sky City Entertainment Group Ltd||SKC||NZ|
|Genting Malaysia Bhd||GENM||MK|
|Multi-Purpose Holdings Bhd||MAG|
|Berjaya Sports Toto Bhd||BST|
|William Hill Plc||WMH||LN|
|Paddy Power Plc||PAP|
|Betfair Group Plc||BET|
|Kangwon Land Inc||35250||KS|
|Paradise Co Ltd||34230||KS|
|Sega Sammy Holdings Inc||6460||JP|
|Sankyo Co Ltd||6417||JP|
|Galaxy Entertainment Group Ltd||27||HK|
|Sands China Ltd||1928|
|Wynn Macau Ltd||1128|
|Sjm Holdings Ltd||880|
|Mgm China Holdings Ltd||2282|
|Macau Legend Development Ltd||1680|
|Melco International Development Ltd||200|
|Intralot Sa-Integrated Lottery Systems||INLOT||GA|
|Amaya Gaming Group Inc||AYA||CN|
|Tatts Group Ltd||TTS|
|Aristocrat Leisure Ltd||ALL|
|Tabcorp Holdings Ltd||TAH|
|Echo Entertainment Group Ltd||EGP|