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Earlier this year, I helped Money Morning readers score a quick 103% return on Dover Downs Gaming & Entertainment Inc. (NYSE: DDE).
The casino and racetrack operator's stock surged after the U.S. Supreme Court struck down a federal ban on sports gambling, and the firm announced plans to sell to a Rhode Island casino operator.
Just last week, Dover Downs opened its sports gambling window to accept its first NASCAR bet, one of many it should expect in the future.
And with greater gambling proceeds comes a fatter bottom line.
With the fortune we found with Dover Downs, I've been asked by readers to take a look at other gambling stocks and find another triple-digit winner.
While everyone is talking about MGM Resorts International (NYSE: MGM) or Caesars Entertainment Corporation (NASDAQ: CZR), they're missing the opportunity of a lifetime to scoop up small, cheap casino operators.
That's where the biggest profits are located.
I've scoured the corporate statements of the entire industry, and I'm willing to bet you've never heard of this potential triple-bagger…
The Gambling Stock Everyone Will Wish They Owned
In September, I said that if you're going to go BIG on international gaming, you should take a look at Las Vegas Sands Corp. (NYSE: LVS).
I expect this large-cap casino giant will be a major player in the Japanese gambling markets in the wake of legalization in the country. The company also remains a leader in the Las Vegas and Macau, China markets.
CLICK TO WATCH: Critical Briefing on the New Marijuana Millionaires Law
But Sands isn't my top pick.
To get even bigger upside, you'll need to harness two trends: the ongoing consolidation wave in the gaming sector and expected growth in the international markets.
That's how you'll make life-changing wealth with casino stocks…
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About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.
Tags: Stocks