5 Best Sin Stocks To Buy in 2023

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

Number of Hedge Fund Holders: 48

Las Vegas Sands operates several high-end resorts and casinos all over the world. Some of its notable properties include the Marina Bay Sands in Singapore, the Sands Macao, The Londoner Macao, The Venetian Macao, The Plaza Macao, and The Parisian Macao.

The stock recently gained ground after China started reopening its cities. The reopening is expected to cause an increase in foot traffic at the company’s casinos and entertainment centers. The company recently revealed its plans to spend about $3.75 billion over the next ten years in Macau.

A total of 48 hedge funds tracked by Insider Monkey had stakes in the company at the end of the September quarter.

Baron Funds made the following comment about Las Vegas Sands Corp. (NYSE:LVS) in its Q3 2022 investor letter:

“The shares of Las Vegas Sands Corp. (NYSE:LVS) performed well in the most recent quarter in part due to the decision by China’s central government to ease the visa policy for Macau, which should result in increased travel into Macau for the first time since the outbreak of COVID-19.

Sands is 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. We anticipate that management may begin to return capital to shareholders through dividends and share buybacks as Singapore and Macau recover.

The shares are 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.”