In this article, we discuss the best casino stocks that pay dividends.
The casino industry is making a comeback after the setbacks caused by the pandemic in 2020. It took a while for the sector to recover, with several factors at play, but the rebound is now clear with the easing of social distancing measures. Data from the Gaming Inspection and Coordination Bureau showed that Macau’s gaming revenue surged by 14.8% in August this year, surpassing expectations. The increase in demand for entertainment during China’s summer vacation has driven growth in the world’s largest casino hub. Casino stocks fall under the larger leisure and hospitality sector and are affected by a range of influences, such as the state of the economy, consumer spending habits, and changes in gambling regulations.
Also read: 10 Best Casino Stocks To Buy According to Analysts
Investor confidence in the casino industry has also skyrocketed, thanks to their ability to consistently hit it out of the park over the years. Casino revenues experienced a notable increase in 2023. Additionally, online casinos, which mainly gained importance during the pandemic, also posted record earnings last year. A report by the American Gaming Association (AGA) revealed that brick-and-mortar casino slots and table games generated a record $49.4 billion in 2023, marking a 3.3% increase over 2022. On the state level, 19 out of 27 traditional gaming markets achieved record annual revenues. Online casino revenue also surged in 2023, growing 22.9% year-over-year to $6.2 billion across the six states with fully legalized iGaming. The report further highlighted that 12 of the top 20 commercial casino gaming markets saw revenue growth, with the Las Vegas Strip leading the way with the most significant year-over-year gains.
The casino industry, like many others, is evolving quickly to keep up with current trends. In a recent move, Singapore has made changes to the Casino Control Act, allowing its two casinos to offer cashless gaming options, though cryptocurrencies will not be permitted, as reported by CNA. Cashless bets can be placed at gaming tables or machines by using virtual credits from cashless gaming accounts or e-wallets. This adjustment is the most recent update to casino regulations in Singapore, which had previously tightened rules by lowering the threshold for monitoring cash deposits at casinos to prevent misuse by terrorist and criminal groups.
The shift to cashless betting has highlighted people’s growing preference for digital platforms. The pandemic underscored the need for contactless options while still allowing people to enjoy these activities. Sports betting is also becoming more prominent since it operates through digital channels, providing a similar thrill to that of casinos. According to the AGA, while commercial gambling revenue is on the rise in most states where it’s legal, the growth in sports betting and online gambling is outstripping that of traditional casinos. So much so that it seems that Americans are withdrawing funds from their stock brokerage accounts to support their online betting habits. This is the main conclusion from a recent working paper titled Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households. The paper suggests that for every dollar spent on sports betting, net investments in stocks and other financial assets decreased by just over $2. With that, will now take a look at some of the best casino stocks that pay dividends.
A close-up of a roulette wheel in a luxurious casino.
Our Methodology:
For this list, we scanned Insider Monkey’s database of Q2 2024 and selected companies that are involved in the casino and gambling industry. These companies own and operate casinos, resorts, and other gaming and entertainment facilities. From the resultant list, we picked the 10 best casino stocks that pay dividends to shareholders and ranked them in ascending order of the number of hedge funds having stakes in them as of Q2 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
10. Four Corners Property Trust, Inc. (NYSE:FCPT)
Number of Hedge Fund Holders: 9
Four Corners Property Trust, Inc. (NYSE:FCPT) is an American real estate investment trust company that specializes in owning and leasing restaurant and retail properties. The company gains significantly from regular acquisitions to expand its portfolio. Recently, it revealed the purchase of 19 Bloomin’ Brands restaurant properties, which include a total of 20 restaurants, for $66.4 million. These properties are divided into two long-term master leases, each covering ten restaurants, and are leased to corporate entities of Bloomin’ Brands. As a result of this transaction, Darden Restaurants will now account for less than 50% of the company’s cash rent. This partnership highlights the key role Bloomin’ Brands plays in FCPT’s overall revenue. The stock has surged by nearly 16% since the start of 2024.
As of June 30, 2024, Four Corners Property Trust, Inc. (NYSE:FCPT)’s rental portfolio includes 1,154 properties across 47 states. These properties are 99.6% occupied (based on square footage) and are under long-term net leases, with an average remaining lease term of about 7.4 years. The company’s performance for the second quarter of 2024 remained strong. Its total revenue came in at $66.4 million, which showed a 10% growth from the same period last year. Its net income attributable to shareholders was $24.7 million, up from $23.6 million in the prior-year period.
Four Corners Property Trust, Inc. (NYSE:FCPT), one of the best casino stocks, has been growing its dividends consistently since 2016. The company currently offers a quarterly dividend of $0.345 per share and has a dividend yield of 4.66%, as of September 12.
At the end of Q2 2024, 9 hedge funds in Insider Monkey’s database held stakes in Four Corners Property Trust, Inc. (NYSE:FCPT), which remained unchanged from the previous quarter. These stakes have a total value of nearly $30 million. Among these hedge funds, Marshall Wace LLP was the company’s leading stakeholder in Q2.
9. Golden Entertainment, Inc. (NASDAQ:GDEN)
Number of Hedge Fund Holders: 11
Golden Entertainment, Inc. (NASDAQ:GDEN) is a Nevada-based entertainment company that operates casinos, taverns, and slot routes. The company was formed in 2015 as a result of a merger between Golden Gaming and Lakes Entertainment. The stock hasn’t been doing really well this year, falling by over 21% since the start of 2024. The company is experiencing competition pressure, reporting revenues of $167 million in the second quarter of 2024, which fell significantly by over 41% from the same period last year.
That said, Golden Entertainment, Inc. (NASDAQ:GDEN) is making consistent efforts to strengthen its balance sheet. Since 2021, the company has repaid $750 million of debt through free cash flow and non-core asset sales. It also actively returned capital to shareholders through its regular dividend and by repurchasing nearly one million shares. With solid operating cash flow and a strong balance sheet, it plans to maintain both strategic and financial flexibility while continuing to return capital to shareholders throughout the year.
Golden Entertainment, Inc. (NASDAQ:GDEN) initiated its dividend policy in March this year. The company offers a quarterly dividend of $0.25 per share. Since the start of its dividends, it has returned $14.3 million to shareholders through dividends, which makes GDEN one of the best casino stocks that pay dividends. The stock’s impressive dividend on September 12 came in at 3.19%.
As of the close of Q2 2024, 11 hedge funds in Insider Monkey’s database owned stakes in Golden Entertainment, Inc. (NASDAQ:GDEN), compared with 14 in the previous quarter. These stakes have a total value of more than $103 million. With over 1 million shares, Hill Path Capital was the company’s leading stakeholder in Q2.
8. Monarch Casino & Resort, Inc. (NASDAQ:MCRI)
Number of Hedge Fund Holders: 14
Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ranks eighth on our list of the best casino stocks that pay dividends. The company specializes in gaming and hospitality, primarily in casino operations and resort development. It operates in two locations, one in Reno, Nevada, and the other in Blackhawk, Colorado. Both properties have performed well, as shown in the latest period. In the second quarter of 2024, Monarch Black Hawk saw revenue growth across all business segments and improved its adjusted EBITDA margin. The property continued to attract mid- and upper-tier customers from the larger Denver area.
During the second quarter of 2024, Monarch Casino & Resort, Inc. (NASDAQ:MCRI) completed the redesign and upgrade of 125 more hotel rooms at Atlantis, leaving 246 rooms still to be finished. The goal is to have all 817 hotel rooms and suites fully redesigned and upgraded by the end of the second quarter of 2025. Although Reno remains a highly competitive market, the company believes that its emphasis on operational efficiency and property improvements through significant capital investments will help maintain its competitive edge and deliver long-term financial benefits.
When it comes to its financial health, Monarch Casino & Resort, Inc. (NASDAQ:MCRI) supports a strong balance sheet. As of the most recent quarter, the company holds $37.4 million in total debt, with a low debt-to-equity ratio of 0.07. In addition, it ended the quarter with over $33.5 million available in cash and cash equivalents and had over $672.3 million in total assets.
Monarch Casino & Resort, Inc. (NASDAQ:MCRI) started paying dividends in 2023 and has paid regular dividends to shareholders since then. Its quarterly dividend comes in at $0.30 per share for a dividend yield of 1.60%, as of September 12.
The number of hedge funds tracked by Insider Monkey owning stakes in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) grew to 14 in Q2 2024, from 11 in the previous quarter. These stakes have a total value of nearly $40 million.
7. Red Rock Resorts, Inc. (NASDAQ:RRR)
Number of Hedge Fund Holders: 17
Red Rock Resorts, Inc. (NASDAQ:RRR) is a Nevada-based gaming, development, and management company that operates strategically located casinos and entertainment properties. The company has developed around $5 billion worth of regional gaming and entertainment destinations across various jurisdictions. It is also a recognized leader in Native American gaming, having developed several successful properties, including one currently managed in northern California. In Las Vegas, the company’s properties are strategically distributed throughout the market, making them highly accessible, with over 90% of the city’s population residing within five miles of one of its gaming facilities.
Red Rock Resorts, Inc. (NASDAQ:RRR) reported strong earnings in the second quarter of 2024. The company’s revenue for the quarter came in at $$486.4 million, up 17% from the same period last year. Its Las Vegas operations also showed a 17% YoY growth from the prior-year period at $483.2 million. The company’s stable cash position indicates a solid foundation for future expansion projects.
Baron Funds highlighted the growth prospects of Red Rock Resorts, Inc. (NASDAQ:RRR) in its Q2 2024 investor letter. Here is what the firm has to say:
“Shares of Red Rock Resorts, Inc. (NASDAQ:RRR), an owner and operator of casinos in the Las Vegas Locals market, declined 7.7% in the second quarter and hurt performance by 35 bps. This was due to slower-than-expected growth in the Las Vegas Locals market and greater-than-expected cannibalization of its casinos from the opening of its new Durango casino late last year. The Durango casino is generating strong results that should enable Red Rock to meet its projected 20% return on invested capital, pay down debt, and return to its targeted leverage ratio of 3 times by the end of next year. We believe the new casino combined with continued market growth should generate high single-digit growth in EBITDA and double-digit free cash flow growth over the coming years. Red Rock currently has over 300 acres of gaming-entitled land to develop. Its margins remain above pre-pandemic levels, despite increasing wage costs, thanks to strong incremental margins on revenue generated from its new resort.”
Red Rock Resorts, Inc. (NASDAQ:RRR), one of the best casino stocks that pay dividends, has remained committed to its shareholder obligation. In the most recent quarter, the company returned $27.5 million to investors through dividends. It offers a per-share dividend of $0.25 every quarter and has a dividend yield of 1.85%, as of September 12.
Red Rock Resorts, Inc. (NASDAQ:RRR) was a popular buy among elite funds at the end of Q2 2024, as hedge fund positions in the company grew to 17, from 13 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these funds have a total value of over $203.6 million. Among these hedge funds, Diamond Hill Capital was the company’s leading stakeholder in Q2.
6. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)
Number of Hedge Fund Holders: 25
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is an American real estate investment trust company that specializes in casino properties. In the most recent quarter, the company has shown its capability to explore innovative approaches to enhance shareholder value. Initially, it agreed to finance and manage a landside development project and hotel renovation for the Belle of Baton Rouge on behalf of its tenant, Casino Queen. This follows the successful earlier agreement to fund the landside relocation of The Queen Baton Rouge. Since the start of 2024, the stock has surged by nearly 4.5% and its 12-month return came in at over 6%.
In the second quarter of 2024, Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) reported a 6.7% YoY growth in revenues at $380.6 million. The revenue also beat analysts’ estimates by $2.74 million. The company continued to capitalize on its steady cash flow and benefit from its exceptional roster of leading operators in the gaming industry. Additionally, its ongoing success in expanding its tenant base highlights its opportunistic approach to portfolio growth and its ability to collaborate with current tenants to explore new and exciting expansion opportunities.
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is also a strong company from a cash flow point of view. Its trailing twelve-month operating cash flow comes in at $1.03 billion and the levered free cash flow for the period is $285 million. The company ended the quarter with nearly $95 million available in cash and cash equivalents and its total assets amounted to over $11.7 billion.
On August 28, Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) declared a quarterly dividend of $0.76 per share, which was consistent with its previous dividend. Overall, the company has been growing its payouts for three consecutive years, which makes GLPI one of the best casino stocks on our list. As of September 12, the stock has a dividend yield of 5.84%.
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) was a part of 25 hedge fund portfolios at the end of Q2 2024, compared with 31 in the previous quarter, according to Insider Monkey’s database. The stakes held by these hedge funds have a total value of over $308.4 million. Ken Griffin’s Citadel Investment Group was the company’s largest stakeholder in Q2.
5. Vail Resorts, Inc. (NYSE:MTN)
Number of Hedge Fund Holders: 29
Vail Resorts, Inc. (NYSE:MTN) ranks fifth on our list of the best casino stocks that pay dividends. The Colorado-based resort and casino company has approximately 37 ski resorts across North America. The stock is down by over 52% from its 2021 high as it continues to struggle with the effects of weak consumer spending that began during the 2020 pandemic. In addition, reduced snowfall at several North American resorts and concerns about the company’s debt levels are also contributing to its decline. The stock has declined by over 16% since the start of 2024.
However, Vail Resorts, Inc. (NYSE:MTN) experienced better overall conditions in March and April, with increased visitation at its western North American resorts, thanks to improved weather conditions. As a result, the company achieved record levels of resort net revenue and Resort Reported EBITDA in fiscal Q3 2024. This growth was driven by the stability provided by its advanced commitment strategy, excellent operational execution, and continued strong increases in ancillary spending per skier visit across its ski school, dining, and rental services at the resorts. The company generated $1.28 billion in revenues during the quarter, which saw a 3.6% growth from the same period last year. Its net income came in at $362 million, up from $325 million in the prior year period.
Vail Resorts, Inc. (NYSE:MTN)’s balance sheet remains solid, with a total cash and revolver availability of around $1.3 billion as of April 30, 2024, including $705 million in cash on hand. Its debt position is still concerning for investors as it has nearly $3 billion in total debt as of the most recent quarter with a deb-to-equity ratio of 2.2. However, the company’s increasing cash reserves could potentially offset its debt levels, which is something investors are relying on.
Artisan Partners also highlighted Vail Resorts, Inc. (NYSE:MTN)’s growth prospects in its Q2 2024 investor letter. Here is what the firm has to say:
“We also added to our existing position in Vail Resorts, Inc. (NYSE:MTN), a premium skiing, lodging and resort company, that has fallen by nearly 25% over the past year. Mother nature didn’t cooperate this past winter as there was below-average snowfall early in the ski season and highly variable temperatures. That contributed to reduced visitation, which had second-order effects on retail, rental and lodging activity. On the positive side, growth in advanced pass sales drove low-single-digit growth in lift revenues, while labor costs were well controlled. Vail is one of a couple dominant players in an industry that benefits from high barriers to entry due to the fixed supply of suitable mountains. Of course, this is a highly seasonal business, dependent on appetite for ski vacations and the right weather conditions, but the company has made strides to improve the business model by increasing the percentage of its business from the advance commitment pass product, which transforms the business from one of uncertainty and weather dependency to one of greater visibility and predictability. This provides stability and the ability to spend on capex during the off season to improve the guest experience, as well as pursue additional footprint expansion.”
One of the best casino stocks, Vail Resorts, Inc. (NYSE:MTN) has been making regular dividend payments to shareholders since 2011. Although the company cut its dividend by 50% in 2021 because of the pandemic, it continued to pay dividends without interruption. Currently, it offers a quarterly dividend of $2.22 per share for a dividend yield of 5.02%, as of September 12.
Insider Monkey’s database of Q2 2024 indicated that 29 hedge funds owned stakes in Vail Resorts, Inc. (NYSE:MTN), up from 27 a quarter earlier. These stakes have a consolidated value of over $701.3 million.
4. Boyd Gaming Corporation (NYSE:BYD)
Number of Hedge Fund Holders: 33
Boyd Gaming Corporation (NYSE:BYD) is an American gaming and hospitality company, based in Nevada. The company offers top-tier hotels, casinos, restaurants, entertainment, and more at each of its locations across the country. The company’s strong fundamentals are drawing attention from analysts. On September 4, Morgan Stanley upgraded the stock to Overweight, noting an appealing risk-reward profile with the stock’s valuation near its lows, stabilizing fundamentals, and potential opportunities related to capital allocation. During the second quarter of 2024, the company bought back $176 million worth of its common stock as part of its ongoing share repurchase program. By June 30, 2024, there was about $545 million left under the current share repurchase authorization.
Boyd Gaming Corporation (NYSE:BYD) earnings came in strong in Q2 2024. The company reported revenue of $967.5 million, up 5.5% from the same period last year. The revenue also surpassed analysts’ estimates by over $58 million. The revenue grew mainly because of its Online segment. In addition, the company successfully upheld operational efficiencies across its business, achieving property margins of nearly 41% during the quarter. It ended the quarter with $281 million available in cash.
Boyd Gaming Corporation (NYSE:BYD) currently offers a quarterly dividend of $0.17 per share, having raised it by 6% in February this year. This was the company’s seventh consecutive year of dividend growth, which makes BYD one of the best casino stocks that pay dividends. The stock’s dividend yield on September 12 came in at 1.17%. In the most recent quarter, the company returned $200 million to shareholders through dividends and share repurchases.
The number of hedge funds in Insider Monkey’s database owning positions in Boyd Gaming Corporation (NYSE:BYD) grew to 33 in Q2 2024, from 29 in the previous quarter. These stakes have a total value of $675 million. With 4 million shares, HG Vora Capital Management was the company’s leading stakeholder in Q2.
3. VICI Properties Inc. (NYSE:VICI)
Number of Hedge Fund Holders: 33
VICI Properties Inc. (NYSE:VICI) ranks third on our list of the best casino stocks that pay dividends. The American real estate investment trust company mainly invests in casinos and entertainment properties. The company has considerable involvement in the casino industry, with Caesars Entertainment and MGM Resorts being two of its major tenants. A substantial portion of its revenue is generated from the 54 properties that host casinos, and frequently, associated hotels as well. The stock’s year-to-date returns come in at over 3% and in the past year, it has returned over 7%.
Although VICI Properties Inc. (NYSE:VICI) has a strong foothold in the casino industry, it is actively seeking to diversify its portfolio. Acknowledging the economic volatility of the casino sector, the company provided a $250 million loan to Great Wolf Lodge. This action reinforces its ongoing partnership with the operator of a chain of indoor water parks and hotels. The second quarter of 2024 remained strong for the company as its revenues grew by 6.5% on a YoY basis at $957 million. Its net income came in at $741.3 million, up 7.3% from the same period last year. At the end of the quarter, $347.2 million was available in cash and cash equivalents.
VICI Properties Inc. (NYSE:VICI) is one of the best casino stocks that pay dividends as the company returned $430 million to shareholders through dividends. Moreover, the company has raised its payouts every year since the inception of its dividend policy in 2018. On September 5, it declared a 4% hike in its quarterly dividend to $0.4325 per share. The stock supports an impressive dividend yield of 5.14%, as of September 12.
According to Insider Monkey’s database of Q2 2024, 33 hedge funds had invested in VICI Properties Inc. (NYSE:VICI), compared with 38 in the previous quarter. These stakes have a total value of nearly $936 million.
2. Las Vegas Sands Corp. (NYSE:LVS)
Number of Hedge Fund Holders: 40
Las Vegas Sands Corp. (NYSE:LVS) is an American casino and resort company, headquartered in Nevada. The company’s recent performance has demonstrated operational growth compared to the previous year. Leadership remains optimistic about their ability to achieve industry-leading growth in both markets in the coming years, as they continue to execute significant capital investment programs in Macau and Singapore. That said, the stock has been underperforming for some time due to fluctuating consumer spending and other macroeconomic factors. Additionally, the company’s Macau operations, which made up over 60% of its revenue before the pandemic, are also contributing to the decline due to uncertainty surrounding the Chinese economy. Since the start of 2024, LVS is down by over 23%.
In its Q2 2024 earnings report, Las Vegas Sands Corp. (NYSE:LVS) mentioned the recovery in Macau during this period, though visitor numbers remain significantly lower than pre-pandemic levels. The company’s long-standing commitment to investing in initiatives that boost Macau’s business and leisure tourism, and its development as a global center for both, positions it favorably as travel and tourism spending gradually recovers. It reported revenue of $2.76 billion in the second quarter of 2024, up 8.62% from the same period last year.
Las Vegas Sands Corp. (NYSE:LVS) is optimistic about its operations in Macau and Singapore primarily due to its industry-leading cash flow. This would help the company to fund its ongoing investment and capital expenditure programs in both these locations, drive the pursuit of growth opportunities in new markets, and support its initiative to return excess capital to shareholders. At the end of June 2024, the company had unrestricted cash balances of $4.71 billion. It currently offers a quarterly dividend of $0.20 per share and has a dividend yield of 2.03%, as of September 12.
At the end of June 2024, 40 hedge funds remained bullish on Las Vegas Sands Corp. (NYSE:LVS), compared with 52 funds in the previous quarter, as per Insider Monkey’s database. The stakes held by these hedge funds are worth $2.3 billion in total.
1. Wynn Resorts, Limited (NASDAQ:WYNN)
Number of Hedge Fund Holders: 42
Wynn Resorts, Limited (NASDAQ:WYNN) is an American gambling company that operates high-end hotels and casinos. After four years of pandemic-related challenges, the company is now operating at full capacity. The second-quarter results, which set a new record for Adjusted Property EBITDAR, highlighted the ongoing strength across the business. It continues to focus on growth, with construction on Wynn Al Marjan Island in the UAE advancing rapidly. In addition, during the quarter, the company finalized a transaction to acquire its pro-rata share of land on Al Marjan Island Three, securing a substantial land bank for potential future development opportunities, either for Wynn Resorts or third parties aligned with Wynn Al Marjan.
Baron Funds also gave a positive outlook on Wynn Resorts, Limited (NASDAQ:WYNN)’s operations in its Q4 2023 investor letter. Here is what the firm has to say:
“The shares of Wynn Resorts, Limited (NASDAQ:WYNN), an owner and operator of hotels and casino resorts, declined modestly in the most recent quarter, in part due to concerns about economic weakness in China.
We remain optimistic about the multi-year prospects for the company. We believe the ongoing re-emergence of business activity in Macau will drive additional shareholder value. If cash flow returns to the level achieved in 2019 prior to COVID-19, we believe Wynn’s shares will increase 30% to 50% higher than where they have recently traded.
We believe additional drivers for future value creation beyond a re-emergence in Macau business activity include: (i) our expectation for long-term growth opportunities in the company’s U.S.-centric markets of Las Vegas and Boston, including an expansion of Wynn’s Encore Boston Harbor resort; (ii) Wynn’s plans to develop an integrated resort in the United Arab Emirates with 1,500 hotel rooms and a casino that is similar in size to that of Encore Boston Harbor; (iii) opportunities to improve cash-flow margins by rightsizing labor and achieving lower staff costs in Macau; (iv) the possibility that Wynn is granted a New York casino license; and (v) an expansion in the company’s valuation multiple to levels achieved prior to the pandemic.”
Wynn Resorts, Limited (NASDAQ:WYNN) generated $1.73 billion in revenues in the second quarter of 2024, which saw an 8.5% growth from the same period last year. Its net income for the quarter came in at $112 million, up from $105.2 million in the prior year period. The company ended the quarter with $2.38 billion available in cash and cash equivalents.
Wynn Resorts, Limited (NASDAQ:WYNN), one of the best casino stocks, currently pays a quarterly dividend of $0.25 per share. The stock has a dividend yield of 1.31%, as of September 12.
Of the 912 hedge funds tracked by Insider Monkey at the end of Q2 2024, 42 funds owned stakes in Wynn Resorts, Limited (NASDAQ:WYNN), which remained unchanged from the previous quarter. These stakes have a total value of over $1 billion. With over 2.3 million shares, Fisher Asset Management was the company’s leading stakeholder in Q2.
Overall, Wynn Resorts, Limited (NASDAQ:WYNN) ranks first on our list. While we acknowledge the potential for WYNN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
