Over the last year during the Covid-19 pandemic, there were many changes to society on a world-wide scale — remote work became a global phenomenon, students continued their education over zoom, and entertainers and athletes performed in empty stadiums and arenas. However, there was one constant throughout these abnormal times: gambling.
During the height of Covid-19, casinos and casino hotels were either closed or limited due to their nature of being indoor venues, but that didn’t stop people from gambling, as internet gaming services and internet sports-betting catapulted with people spending more time at home with an inability to attend casinos or go on vacations to casino hotels. As Covid-19 inching into the rear-view mirror, and with restrictions being slowly lifted over the last few months on casinos and casino hotels, the spending has shifted back from internet gaming services to casinos.
This shift can be seen in the MVIS Global Gaming Index (ticker: MVBJK). The Index, which tracks the performance of the largest and most liquid companies that generate at least 50% of their revenues from global gaming, has seen a steady quarterly increase over the past year, and as of 1st of June, has a YTD performance of 19.66%. Leading the charge for the index since Q1 2021 has been casinos and gaming equipment companies. With Casinos in Las Vegas opening to full capacity as of 1st of June, look for the index to continue to soar.
MVIS Global Gaming Index
01/06/2020-01/06/2021
Source: MV Index Solutions. All values are rebased to 1,000. Data as of 01 June 2021.
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