5 Best Las Vegas Stocks to Buy Now

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

Number of Hedge Fund Holders: 71  

Caesars Entertainment, Inc. (NASDAQ: CZR) is a Reno-based casino and hotel company. It is ranked third on our list of 10 best Las Vegas stocks to buy now. It has a market cap of $21 billion and posted annual revenue of close to $3.5 billion in 2020 despite the pandemic. The  firm owns and runs more than 50 hotel and casino properties in 16 US states. It is one of the oldest casino firms in the US and operates several bars and nightclubs. The company offers staffing and management services to other brands as well.

Caesars Entertainment, Inc. (NASDAQ: CZR) stock rallied on April 20 after a UK court ruled in its favor in a deal related to the acquisition of William Hill. Investment advisory upgraded the rating of Caesars stock after the ruling and said the purchase would be a strong strategic and financial bet for the casino company. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Gotham Asset Management was a leading shareholder in the firm with 13,000 shares worth more than $792,000.