5 Best Casino Stocks to Invest In

3. Las Vegas Sands Corp. (NYSE: LVS)

Number of Hedge Fund Holders: 62 

Las Vegas Sands Corp. (NYSE: LVS) is a Nevada-based casino and gaming company with 8 properties in the U.S. and Asia. The is famous among tourists because of the wide range of facilities, including gaming, entertainment, dining, exhibitions, as well as museums. Las Vegas Sands Corp. (NYSE: LVS) has recently opened a $4.3 billion worth Resort World Las Vegas, which has over 3,500 rooms and a large theatre. 

In Q1 2021, Las Vegas Sands Corp. (NYSE: LVS) reported a net income of $192 million, up from $65 million during the same period last year. The EPS for the quarter stood at -$0.25, in line with the market consensus. The company generated over $1.19 billion in revenue, driven by Macau’s gaming segment. The LVS stock has gained over 12.4% in the past year. Since 2012, Las Vegas Sands Corp. (NYSE: LVS) has returned over $23.4 billion to shareholders through dividends and shares repurchases. In April, Credit Suisse raised its price target on LVS stock from $58 to $69, with an ‘Outperform’ rating, due to the growth prospects at its Macau and Singapore properties. 

At the end of Q1 2021, 62 hedge funds tracked by Insider Monkey have positions in  Las Vegas Sands Corp. (NYSE: LVS), worth $2.4 billion. With 5.5 million shares, worth $334 million, Melvin Capital Management is the leading shareholder in the company. 

Like Bally’s Corporation (NYSE: BALY), Red Rock Resorts, Inc. (NASDAQ: RRR), and Penn National Gaming, Inc. (NASDAQ: PENN), Las Vegas Sands Corp. (NYSE: LVS) is one of the best casino stocks to invest in.