5 Best Dividend Stocks to Buy According to Billionaire Philippe Laffont

4. Wynn Resorts, Limited (NASDAQ: WYNN)

Value: $120,805,000
Percent of Philippe Laffont’s 13F Portfolio: 0.45%
No. of Hedge Fund Holders: 52
Dividend Yield: 3.12%

Wynn Resorts, Limited (NASDAQ: WYNN) has casinos in Boston, Macau and Las Vegas. The stock has been recovering from COVID-19. The company is growing its WynnBET service, an online sports and casino betting

In Macau, gaming revenue was down 63.7% YoY, while in February it up 135.6% YoY. In March it grew by 58%. For the year 2020, revenue was down 79.3%. However, the economic recovery is going to help boost the profit of Wynn. In November 2020, Wynn purchased 71% of BetBull a UK based betting firm thus bringing its presence into online gaming. This market is expected to grow at 7.91% CAGR and hit $77.42 billion by 2026.

Laffont owns 1.07 million shares of Wynn Resorts, Limited (NASDAQ: WYNN). The stock was in 52 hedge fund portfolios at the end of Q4 2020, up from 43 Q3 2020.