The 5 Largest Gambling Stocks of 2021

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

Number of Hedge Fund Holders: 48

Las Vegas Sands Corp. (NYSE:LVS) stands third on our list of the largest gambling stocks of 2021. On October 20, the company reported its Q3 results, with a 92.2% year-over-year growth in its revenue at $857 million. Casino revenues accounted for $533 million of the gross revenue, up from $281 million in the prior-year quarter.

Las Vegas Sands Corp. (NYSE:LVS) is an American casino and resort company. Recently, Stifel lifted its price target on Las Vegas Sands Corp. (NYSE:LVS) to $51, with a Buy rating on the shares, highlighting the company’s prospective investment in Macau gaming.

As of Q2 2021, 48 hedge funds tracked by Insider Monkey were bullish on Las Vegas Sands Corp. (NYSE:LVS), compared with 62 in the previous quarter. The total worth of these stakes is over $1.75 billion. D E Shaw was the company’s largest shareholder in Q2, owning roughly 6 million shares.

Baron Funds mentioned Las Vegas Sands Corp. (NYSE:LVS) in its Q2 2021 investor letter. Here is what the firm has to say:

“The shares of Las Vegas Sands Corporation, a leading developer of luxury casino resorts in Macau and Singapore, declined in the most recent quarter in large part due to COVID-19 travel-related restrictions. We believe the shares are attractively valued and will recover sharply when travel restrictions are lifted.”