5 Best Casino and Betting Stocks to Buy Now

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Below we presented the list of 5 Best Casino and Betting Stocks to Buy Now. For our detailed discussion and a more comprehensive list please see 11 Best Casino and Betting Stocks to Buy Now.

5. Churchill Downs, Inc. (NASDAQ:CHDN)

No of HFs: 28

Total Value of HF Holdings: $511 Million

CHDN is a horse racing complex located at Central Avenue in South Louisville. They are known for hosting the annual Kentucky Derby. Recently, the company announced Mike Anderson as their new president, general manager. Mike recently serves as vice president for operations and led the development and construction of more than $300 million in capital projects. Bill Mudd, president, and chief operating officer of Churchill Downs Inc., said in a news release

“Mike Anderson is a uniquely qualified leader to assume the role of President at Churchill Downs Racetrack having successfully and consistently delivered on company goals across multiple departments. Over its 146-year history, the racetrack has grown into an incredibly sophisticated and complex business organization, and Anderson is poised to lead it through continued growth and success.”

The top hedge fund holder of this stock is Paul Reeder and Edward Shapiro’s PAR Capital Management which had $167 million invested in the stock at the end of September. An insider 1,800 shares at around $77 in March 2020. The stock is up 168% since then.

CHDN, Churchill Downs, Tips for betting on horses

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