10 Best Casino Stocks to Buy According to Billionaires

5. Wynn Resorts, Limited (NASDAQ:WYNN)

Number of Billionaires: 11

Billionaire Holdings: 562,443,265

One of the Best Casino Stocks, Wynn Resorts, Limited (NASDAQ:WYNN) is another diverse casino operator, owning 72% of the Wynn Palace and Wynn Macau in Macau. The Encore Boston Harbor, which debuted in 2019, and the Wynn and Encore in Las Vegas are also fully owned by it.

WynnBET stopped business in various states in 2024, as it had done in 2023. Revenue soared to $6.5 billion in 2023, and operating income came to $840 million. In 2024, Wynn Resorts Limited (NASDAQ:WYNN) set yet another record for adjusted property EBITDAR, which included a record for Las Vegas annually. The company achieved excellent operational performance in Las Vegas, with table games dropping flat against tough competitors and slot handles increasing by 13%, while gaming market share grew significantly in Q4. The firm in Macau produced $293 million in EBITDA in the fourth quarter, which was up 11% sequentially but down roughly 1% year over year. Despite the competitive market, it maintained a particular focus on maximizing EBITDA and a high margin profile.

Wynn Resorts, Limited (NASDAQ:WYNN) recently revealed intentions to build a resort near Dubai in 2026 as part of its ongoing development of large premium resorts. Investors may benefit in the long run from the company’s concentration on underdeveloped markets, such as Boston and Dubai.

Stifel maintained a Buy rating on Wynn Resorts, Limited (NASDAQ:WYNN) shares and increased the price objective from $123 to $128. Although Wynn’s Q4 report and projection “probably aren’t as strong” as MGM, the company tells investors that “it’s pretty darn close and more importantly should allow WYNN shares to move higher.”