The online casino industry is getting more popular by the day as the digital realm opens up a world of new possibilities and ways to play. Several companies enhance the experience through exciting and innovative technology that you can invest in as they grow. This article explores the seven best gambling tech companies to consider for long-term portfolio growth.
Why Invest in Gambling Tech Companies?
Gambling tech companies are the heartbeat of the online gambling sector, supplying software, live streaming experiences, secure payment gateways, and more that bring life to a growing space.
These technologies continue to evolve as new innovations make it easier than ever to log in and test your hand against a myriad of games. Several newly launched online casinos turn to the latest tech in an attempt to stand apart from the ever-increasing number of sites players can enjoy.
As the industry grows, these gambling tech companies stand to follow suit. Investing at this early stage could prove even more fruitful than winnings at the casinos themselves.
7 Best Gambling Tech Companies to Invest in for Long-Term Growth
Playtech (OTCMKTS: PYTCY)
Playtech is a UK-based provider for the online casino industry with offices in 19 countries around the world. The company recently celebrated its 25th anniversary as it remains focused on providing tech solutions well into the future.
It boasts a comprehensive suite of online gaming software covering everything from an assortment of live-streaming opportunities to solutions casinos can implement to enhance the game experience for guests.
Playtech’s partner list is already strong and continues to expand as it seeks to enter new markets. Over 180 active licenses give the tech provider a host of areas to serve.
A retail wing provides Playtech with access to physical casino locations around the globe. Products include high-spec cabinet hardware, engaging features, and direct integration with other applications.
Evolution (OTCMKTS: EVVTY)
Evolution is another big name in online casino tech and is one of the leading providers of B2B solutions currently available. Its digital offerings include a number of slots, card, and dice games players can interact with on various sites.
The tech company is perhaps best known for its diverse live settings, where it’s possible to interact similarly to actually being on the casino floor. Top casinos around the world incorporate this tech into their online designs.
Evolution supports casino platforms through its eight brands, each bringing unique types of technology or serving different regions where online gambling is allowed.
As online casinos strive to appear even more like land-based casinos, Evolution’s live streams fit seamlessly into that vision.
International Game Technology PLC (NYSE: IGT)
Known in most circles as IGT, International Game Technology has a massive presence in both the land-based and digital gaming communities. With over 10,500 employees, IGT leads from the United Kingdom but has operating headquarters in Rome, Las Vegas, and Providence, Rhode Island.
Its products cover a range of cabinets, video poker, and electronic table games you’ll find in a typical casino. These systems can be large-scale and built to suit the needs of the building or blueprint.
In addition, International Game Technology is a trusted partner in some of the world’s biggest lotteries, both physical and online. Its payment systems spill across both niches and allow users to play with minimal risk.
IGT delves just as much into the online realm, featuring platforms for casino and sports betting on the iGaming market. It recently purchased iBetSoft, a leading software company with a long list of digital experiences on its own.
Flutter Entertainment (NYSE: FLUT)
Flutter Entertainment is a megalopolis of iGaming and betting brands that seek to dominate the market. Some of its most popular services, such as FanDuel, Betfair, Paddy Power, and PokerStars, have already made quite a name for themselves among players.
These brands help Flutter hold significant market share in the United States, United Kingdom, and Australia; three of the biggest gambling and betting regions. Strategic acquisitions and growth have only reinforced these standings.
The entire company maintains a strong emphasis on its technology branch as it pursues new ways to innovate and improve the user experience. Its integrated approach to gaming and analytics for betting builds upon already existing customer satisfaction known to bring users back time and again.
Paysafe Ltd (NYSE: PSFE)
Paysafe is a global transaction hub, enabling merchants and consumers to safely make payments or transfer funds. Alongside Playtech, Paysafe has more than 25 years of experience in its respective industry.
Currently, the payment processing company accepts more than 40 currencies and 260 different payment types. It’s handled over $1.5 billion in wallet deposits, a number that grows by the day.
Folks turn to Paysafe for its unusual approach. The platform utilizes a prepaid method for anyone wishing to pay online, removing the need to link a bank account or credit card. Those in the online gambling world may see this as a safe avenue to play games without the risk of overspending or dealing with security concerns.
Light & Wonder, Inc. (NASDAQ: LNW)
Light & Wonder’s recent name change from Scientific Games hasn’t dulled its vision and direction in the gaming world. This new moniker better embodies the essence of the company as a storyteller with unique characters that people can’t get enough of.
These experiences play out in games and brands seen in casinos and resorts around the planet. The software backing these systems helps employ fairness and a sense of thrill at the same time.
It comes as no surprise that many of these offerings also appear online. These innovative features trickle down from well-loved titles to new franchises designed to appeal to all types of players.
Everi Holdings Inc (NYSE: EVRI)
Birthed out of a shared venture between Global Cash Access Holdings and Multimedia Games Holding Company, Everi is a unique mishmash of gaming and fintech. As such, its reach extends to both the physical and online casino industry.
Today, the company is a major player in slot machines and electronic gaming equipment used in popular casinos in multiple regions. It hosts an extensive number of games that can find their way into any establishment.
To no one’s surprise, Everi also features a host of software and mobile content existing out in cyberspace. These offerings go hand-in-hand with the cash management and payment modules the gambling tech company showcases.