The hedge fund sentiment around each stock was calculated using the data of around 900 hedge funds tracked by Insider Monkey in the second quarter of 2022. Hedge fund sentiment was included as a classifier as well. The companies that operate in the casino sector were selected for the list through a careful assessment of business fundamentals and analyst ratings to provide readers with some context for their investment choices. As Vegas occupancy rates climb over 90% after months, sports betting skyrockets amid the start of the NFL and the football World Cup, and travel demand picks up again as the market emerges from an inflation selloff, shrewd investors can jump on the casino firms that seem undervalued in the emerging macro environment. Per Analyst Chad Beynon at Macquarie Research, gross gaming revenue and margins will bring attention to casino stocks in the next few months.īeynon is also of the opinion that the changes to the business models of some of the best casino stocks in the past few years indicate that non-gaming revenue can also spring earnings surprises. However, a soft leisure environment presents a looming challenge for these firms as they navigate the market volatility generally associated with macro slowdowns. (NASDAQ: CZR ), MGM Resorts International (NYSE: MGM ), and Las Vegas Sands Corp. Some of the best casino stocks in this context according to hedge funds include Caesars Entertainment, Inc. According to a report by investment advisory Macquarie Research, a strong pent-up demand for work travel and conferences is also boosting casino stocks. The resulting changes, that include a shift towards better digital offerings and leaner cost structures, have combined with a tight supply environment at the market to make casino stocks better bets to ride out the present economic downturn than previously thought. The 2020 pandemic has forced casino companies across the world to rethink their business models. If you want to skip our detailed analysis of the casino industry and see more stocks, go directly to 5 Best Casino Stocks To Buy Now. In this article, we discuss 14 best casino stocks to buy now.

Best casino stocks 2020