5 Best Gambling Stocks To Buy Now

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

Number of Hedge Fund Holders: 48

Las Vegas Sands Corp. (NYSE:LVS) is a developer and operator of high-end integrated resorts featuring luxury gambling, accommodations, retail, and meeting space for its customers. The company started from a single property in 1990 in Las Vegas and has now made its footprint in Macao and Singapore.

On October 20, 2022, George Choi, an analyst at Citi, raised his target price on Las Vegas Sands Corp. (NYSE:LVS) to $62. The analyst currently keeps a Buy rating on the company’s stock and, in a research note, stated that Las Vegas Sands Corp. (NYSE:LVS) is his “Global Top Pick,” given the company’s bright prospects in Singapore.

48 hedge funds are currently bullish on Las Vegas Sands Corp. (NYSE:LVS) as per Insider’s Monkey database.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Las Vegas Sands Corp. (NYSE:LVS) was one of them. Here is what the fund said:

Certain travel-related businesses remain cyclically depressed not secularly challenged and should rebound as economic strength re-emerges. For example, the business operations of Macau-centric casino and gaming companies such as Las Vegas Sands Corporation (NYSE:LVS) have yet to recover due to the ongoing COVID-19 challenges in China. We expect business to rebound sharply when economic growth recovers just as it did in Las Vegas. Las Vegas Sands Corporationis a global leader in the development and operation of luxury casino resorts in Macau and Singapore, and it maintains a liquid and investment grade balance sheet. It is currently valued at a significant discount to our assessment of replacement cost, and the company’s Macau operations are valued at only 7 times estimated cash flow.