5 Best Gambling Stocks To Buy Now

3. MGM Resorts International (NYSE:MGM)

Number of Hedge Fund Holders: 48

Casinos and sports betting giant MGM Resorts International (NYSE:MGM) is one of the most popular gambling stocks among the elite hedge funds tracked by Insider Monkey as of the end of the fourth quarter of the last year. 48 hedge funds in Insider Monkey’s database had stakes in MGM Resorts International (NYSE:MGM). The biggest stakeholder of MGM Resorts International (NYSE:MGM) was Keith Meister’s Corvex Capital which had a $224 million stake in the company.

Earlier this month, BofA published a list of stocks that are helped by a rise in nominal interest rates. MGM Resorts International (NYSE:MGM) was one of these stocks. Recently, MGM Resorts International (NYSE:MGM) launched its mobile app in Massachusetts for a user-friendly sports betting platform experience.