10 Best Casino Stocks to Buy According to Billionaires

3. MGM Resorts International (NYSE:MGM)

Number of Billionaires: 12

Billionaire Holdings: 412,584,112

MGM Resorts International (NYSE:MGM) boasts one of the gaming industry’s most spectacular property portfolios. Along with properties in Atlantic City, Detroit, and Mississippi, it also owns many of the most renowned casino resorts on the Las Vegas Strip, such as the Bellagio, MGM Grand, Luxor, and New York-New York. It also holds a 56% share in two Macau casinos, MGM Macau and MGM Cotai. Compared to many of its competitors, it has greater exposure to Las Vegas tourists since almost two-thirds of its 45,000 guest rooms are located on the Strip.

MGM Resorts International (NYSE:MGM) saw an increase in stock price following better-than-expected fourth-quarter results, encouraging remarks regarding recent performance and prospects, and a forecast that its online gambling joint venture will produce positive EBITDA this year.

In 2024, the firm broke all previous records by hitting all-time highs in hotel revenue, F&B revenue, domestic slot win, and consolidated net revenues. The business had a great start to 2025, as seen by higher domestic operations revenue in January and projections for ADR growth all year long. A strong fourth quarter was a result of particularly outstanding operations in Las Vegas, where December slot handle and win set new records. Moreover, MGM Resorts International (NYSE:MGM) surpassed the previous record by 43% in December, recording its highest-ever convention reservations. BetMGM maintained its strong momentum, delivering more than $2 billion in top-line growth, with 2025 net revenues from operations estimated to be $2.4 billion to $2.5 billion. In the meantime, the firm’s China market share increased to more than sixteen percent in December, and the company reported its highest-ever full-year segment adjusted EBITDA.

Longleaf Partners Fund stated the following regarding MGM Resorts International (NYSE:MGM) in its Q4 2024 investor letter:

“MGM Resorts International (NYSE:MGM) – Hospitality and gaming company MGM Resorts was a top detractor for the quarter and the year. Despite relatively strong execution by the company and opportunistic repurchases of discounted shares, the market did not like the company’s quarter-to-quarter volatility, especially in the second half of the year. When making the necessary adjustments, MGM’s core Las Vegas properties continued to grow nicely if boringly in the low-mid-single digit range during the year. MGM remains one of our larger share repurchasers in the portfolio, demonstrating its commitment to shareholder returns. The company’s hidden assets in online gaming and Asia also showed progress as the year went on. We remain confident in the management team, led by CEO Bill Hornbuckle, as they navigate these challenges and focus on long-term value creation.”