5 Best Casino Stocks to Invest In

4. Wynn Resorts, Limited (NASDAQ: WYNN)

Number of Hedge Fund Holders: 49 

Wynn Resorts, Limited (NASDAQ: WYNN) ranks fourth on our list of the best casino stocks to invest in. It is an American hotel and casino company based in Las Vegas, Nevada. The company has over 22 five-star hotels, restaurants, and spas located worldwide. It is the recipient of several Forbes Travel Guide Five-Star Awards. Earlier in May, the company announced the plan for an independent gaming company, Wynn Interactive, with Austerlitz Acquisition Corporation. 

In Q1 2021, Wynn Resorts, Limited (NASDAQ: WYNN) reported a net income of $268 million and an EPS of -$2.41. The revenue for the quarter was recorded at $725.7 million, $516.2 million of which was generated through casinos. The entertainment segment accounted for $64.8 million of the total revenue. The WYNN stock gained over 56.9% in the past year. According to Bernstein, Wynn Interactive could certainly benefit the company because of its strong customer base in the U.S. Moreover, many analysts have upgraded the WYNN stock, including Morgan Stanley, Citi, etc.  

Of the 866 hedge funds tracked by Insider Monkey, 49 funds have positions in Wynn Resorts, Limited (NASDAQ: WYNN), worth $1.7 billion.