3 reasons Crown Resorts Ltd is worth the gamble

This is one of the most attractive blue chips currently available.

| More on:
a woman

You鈥檙e reading a free article with opinions that may differ from The Motley Fool鈥檚 Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Gaming and entertainment business Crown Resorts Ltd (ASX: CWN) is well worth your attention. While the S&P/ASX 200 Index聽(Index: ^AXJO) (ASX: XJO) has edged forward in recent months, Crown is currently hovering 11.3% below its January 52-week high of $18.22.

While many of Australia鈥檚 other blue chip stocks remain overpriced based on their future earnings potential, here are three solid reasons why you should put your money on the table with Crown Resorts:

1.聽Asian expansion. The company possesses excellent growth potential, particularly in the Asian markets. With a number of key regions, such as South Korea and Japan, considering changing their gambling laws, Crown Resorts could be a real winner in the long-term.

2.聽Consumer confidence. Although Crown Resorts is relatively immune to economic downturns given the nature of its business, consumers are even more likely to open their wallets as confidence returns to the market.

3.聽Better dividends. Crown Resorts will receive more dividends from its interest in Melco Crown Entertainment. In fact, Crown expects to receive roughly US$64.2 million from the new policy. While this could provide the company with more money to spend on its various developments, it could also see Crown improve its own dividend policy down the track.

Crown Resorts is a solid bet for your portfolio in the long run and could well outperform the broader market in that time.

More on 鈴革笍 Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
鈴革笍 Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
鈴革笍 Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more

asx investor daydreaming about US shares
鈴革笍 How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more

person reading news on mobile phone
鈴革笍 Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more