SciPlay (NASDAQ: SCPL) is a mobile gaming company that focuses on social casino games and casual games. The company got a massive boost from the coronavirus pandemic, which raised the demand for at-home entertainment in 2020, and it might be able to maintain its momentum thanks to some compelling industry trends and its rapid top-line expansion.
Let's dig deeper into these two reasons (and others) that explain why SciPlay stock might be a good stock to add to your portfolio.
Analysts at Global Data expect the mobile gaming industry to be worth $272 billion annually by 2030, expanding at a compound annual growth rate (CAGR) of 11% over the next nine years thanks to improving technologies and 5G network penetration.
Source Fool.com