5 Best Las Vegas Stocks to Buy Now

4. Wynn Resorts, Limited (NASDAQ: WYNN)

Number of Hedge Fund Holders: 52  

Wynn Resorts, Limited (NASDAQ: WYNN) is a Las Vegas-based corporation that owns and operates luxury hotels and casinos. It runs the Wynn Macau, the Wynn Palace, and multiple properties in Las Vegas and Boston. The company was founded in 2002 and is placed fourth on our list of 10 best Las Vegas stocks to buy now. The firm operates more than 5,000 slot machines scattered around the establishments it controls, and the hotels it owns house more than a different kinds of food and beverage brands. 

Investment advisory Argus on April 4 upgraded the rating on Wynn Resorts, Limited stock and assigned it a price target of $50. Argus said that the expected recovery of the gaming sector in Vegas and Boston because of the increase in leisure travel drove the upgrade. 

At the end of the fourth quarter of 2020, 52 hedge funds in the database of Insider Monkey held stakes worth $1.1 million in the firm, up from 43 in the preceding quarter worth $510 million.