The 5 Largest Gambling Stocks of 2023

3. MGM Resorts International (NYSE:MGM)

Latest Market Capitalization: $12.53 billion

Number of Hedge Fund Investors In Q2 2023: 50

MGM Resorts International (NYSE:MGM) is an iconic Las Vegas casino company known for its grand casinos, and like other large operators, the firm also has a presence in China. Along with negotiating with striking workers in Las Vegas, the firm is facing similar turmoil in Detroit where workers have also authorized a strike.

During this year’s June quarter, 50 out of the 910 hedge funds tracked by Insider Monkey had held a stake in MGM Resorts International (NYSE:MGM). Keith Meister’s Corvex Capital is the biggest shareholder out of these, owning 6.4 million shares that are worth $282 million.

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