5 Best Gambling Stocks to Buy Now

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1. Caesars Entertainment, Inc. (NASDAQ:CZR)

Number of Hedge Fund Holders: 76

Caesars Entertainment, Inc. (NASDAQ:CZR) is an American hotel and casino that operates over 50 properties including Bally’s Las Vegas, Flamingo Las Vegas, Rio All-Suites Hotel and Casino, and Harrah’s Las Vegas among others. The company is the best gambling stock to buy now.

This June, JPMorgan kept its Overweight rating on Caesars Entertainment, Inc. (NASDAQ:CZR) shares, while raising its price target on the stock from $129 to $120. Analyst Joseph Greff commented on the stock and mentioned that with positive trends leading in Q2 profit beats and second-half projections increasing into the football season, there are “many triggers ahead.”

In the first quarter of 2021, Caesars Entertainment, Inc. (NASDAQ:CZR) had an EPS of $2.03, beating estimates by $1.80. The company’s net revenue was $1.7 billion, up 259.2% on a GAAP basis compared to the prior-year period. Caesars Entertainment, Inc. (NASDAQ:CZR) has gained 131% in the past 12 months and 27% year to date.

By the end of the first quarter of 2021, 76 hedge funds out of the 866 tracked by Insider Monkey held stakes in Caesars Entertainment, Inc. (NASDAQ:CZR) worth roughly $1.52 billion. 

You can also take a peek at Top 10 Best Sin Stocks to Buy Now and 15 Best Jim Cramer Stocks to Buy Now

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