Value Gaming Investments To Keep An Eye On

As was noted in an IronFX piece on pandemic performance that we posted back in October of 2020, the gaming industry has done well for itself amidst COVID-19. Naturally this has not been the case for the vast majority of industries. But with increased activity from entire populations stuck at home, gaming businesses have gone beyond survival and actually found ways to transform and expand during this difficult time.

This has made the gaming sector particularly intriguing for some investors looking to make the most of the COVID-19 era. At the same time however, the biggest and most noteworthy companies in this space tend to be rather pricey to get involved with. Per Yahoo’s list of the most valuable gaming companies, valuations at the top of this space number in the billions of dollars. Accordingly, many of the same companies make for expensive investments.

For those interested in pursuing investment in the gaming industry then, we thought it would be helpful to highlight some noteworthy companies that do not yet boast particularly high stock prices. There are no guarantees that this makes these companies good or strategic investments. However, they are noteworthy names, and their lower stock prices do represent more reasonable points of entry.

Enthusiast Gaming Holdings Inc. (EGLX)

Enthusiast Gaming Holdings Inc. is a relatively young company in the gaming space, having been founded in Canada in 2014. It went public in 2018, and has quickly become recognized as a potentially lucrative influence on the gaming world. Enthusiast Gaming’s primary day-to-day business comes in the form of overseeing a number of game-related websites — such as Daily Esports, Destructoid, The Escapist, and many more. However, the company also runs the EGLX live expo — a massive eSports event and gaming convention held annually in Toronto.

NetEnt (NTNTY)

NetEnt was founded in Sweden way back in 1996, and has since grown to become one of the main development companies in the online casino space. In particular, the company has been behind several of the games now regarded as having transformed and modernized digital slot machines — such as Gonzo’s Quest, Divine Fortune, and Dead Or Alive 2. And while other developers have caught up to NetEnt’s quality to some extent, it remains a leader at casino sites. The company’s renowned Starburst game currently tops a Foxy Games list of the most popular games at online casinos, and the follow-up (Starburst XXXTreme) is just getting off the ground.

SciPlay Corp (SCPL)

Founded in Las Vegas in 1997, SciPlay Corp is another company in the digital casino business. And just as NetEnt has helped to move this category forward by way of improving slot machine games, SciPlay has played a major role in updating more social casino games. With a hand in bingo, social slots, and “hyper-casual” games like Diving Ball 3D, the company has helped to make casino platforms altogether more engaging. Interestingly, with a stock price under $20 as of this writing, SciPlay Corp in particular has been showing up on lists of investments to eye in gaming.

Super League Gaming (SLGG)

If a stock price just under $20 sounds interesting regarding SciPlay Corp, consider that a share of Super League Gaming can presently be had for less than $4! That’s significant when you consider what the company does, which is essentially to provide a platform for social and competitive online gaming. Super League supports several of the most popular video games out today, and enables users to stream their activity, socialize over space, and set up and participate in eSports competitions. The site boasts one million unique monthly users already, and some 3.4 million registered users total. What makes it all the more interesting from an investment standpoint though is that the company recently struck up a relationship with Production Resource Group. This is an event production company that has the potential to take Super League Gaming’s events to new heights.

Nintendo (NTDOY)

Finally, there’s Nintendo! This is far and away the biggest and most well-known gaming company we’re mentioning here, and one you’re surely aware of. Nintendo has produced some of the most important games and consoles in gaming history, and continues to be a very active player in the industry. For those reasons, you’re not exactly sneaking up on the market by investing in Nintendo. With that said, we’re mentioning it because its roughly $60 stock price at the time of this writing is likely more reasonable than some might expect. It doesn’t make it easy to buy a whole bundle of shares without quite a bit of disposable income. But this price is nevertheless a reminder that even more established or prominent gaming companies can be worth looking into when the industry is thriving.

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