10 Best Sin Stocks to Buy Now

8. Caesars Entertainment, Inc. (NASDAQ:CZR)

Stock Upside Potential: 13.18%

Number of Hedge Fund Holders: 56

Caesars Entertainment, Inc. (NASDAQ:CZR) is one of the best sin stocks to buy now. On May 15, reports emerged indicating Tillman Fertitta is moving closer to acquiring Caesars Entertainment, Inc. (NASDAQ:CZR). Several banks have already committed to a multi-billion-dollar debt financing package.

Following these reports, on May 28, Caesars Entertainment, Inc. (NASDAQ: CZR) officially announced that it has entered into a definitive agreement to be acquired by Fertitta Entertainment, Inc.  in an all-cash transaction valued at an estimated $17.6 billion.

Fertitta’s company, Fertitta Entertainment, is acquiring the company in a deal that will bring together two of the nation’s largest casino-hotel and restaurant empires. This will ultimately lead to a dynamic suite of gaming, entertainment, and restaurant brands.

Separately, on April 30, Macquarie raised its price target of Caesars Entertainment to $34 from $32 while maintaining an Outperform rating. The price target hike is in response to the company delivering solid first-quarter results with EBITDAR rising 1% year over year to $887 million.

Caesars Entertainment, Inc. (NASDAQ:CZR) is the largest casino-entertainment company in the U.S. It owns and operates over 50 resorts and casinos globally, blending gaming, hotel operations, dining, live entertainment, and mobile sports betting into a unified hospitality network.

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