Investing In Poker
If you are a poker fan who believes the poker craze will continue then you may want to consider investing in poker related stocks. Here are five stocks that you may want to check out.
Cryptologic (CRYP) - makes the software that fuels many of the online poker sites out there. Cryptologic has an excellent balance sheet, equipped to handle any slowdown with $126 million in cash in the bank and no debt.
Optimal Group (OPMR) - The stock took almost a 50% hit when the online gambling law took affect. Their Firepay subsidiary runs online poker rooms and 80% of its revenues came from US customers. OPMR has the most to gain from any repeal of the law.
The World Poker Store (WPKS) - serves the rapidly growing consumer market for poker products and services. The Company is a premier retailer of poker accessories; everything from chipsets to top of the line tables for poker enthusiasts. Along with our retail stores they also created “The Bar Poker League” which conducts weekly Texas Hold ‘Em tournaments at over 100 bars and restaurants. The company recently expanded to Florida and announced that it will soon begin operations in Europe.
WPT Enterprises (WPTE) - This is the stock of the World Poker Tour. In addition to the television show and tournaments, WPT Enterprises is planning various online sites for poker should the U.S. online gambling ban get repealed.
Gigamedia LTD. (GIGM) - 43% of GIGM’s revenue comes from their poker portal, however, the asian based company is not as affected by the lack of US customers. The company has shown 300% year over year earnings growth last year.
