10 Best Casino Stocks to Buy According to Billionaires

2. Las Vegas Sands Corp. (NYSE:LVS)

Number of Billionaires: 14

Billionaire Holdings: 1,122,691,135

Las Vegas Sands Corp. (NYSE:LVS) is an operator of casinos with a primary concentration on the Macau market. The company’s five casinos in Macau and the Marina Bay Sands in Singapore are solely focused on the Asian market. Unfortunately, the plan of focusing on Asia backfired during the COVID-19 epidemic, with traffic to Macau dropping due to stringent lockdowns in China and other Asian countries. However, the firm bounced back in 2023 with operating profits of $2.3 billion and revenue of $10.4 billion, up more than 150% from 2022, showing that it is back on stable ground.

The Macao betting market grew steadily, with Q4 2024 gaming revenue up 6% year on year, due to a 5% increase in mass gaming revenue. Marina Bay Sands performed well in Singapore, announcing adjusted property EBITDA of $537 million, a 28% increase over the previous year. The Londoner Grand Casino, which launched in late September with 315 suites, is expected to complete its expansion to 1,500 suites and rooms by May 2025. By repurchasing $450 million of stock and raising the dividend to $1 per share for 2025, Las Vegas Sands Corp. (NYSE:LVS) further showed its dedication to shareholder returns.

Citi maintained its Buy rating on Las Vegas Sands Corp. (NYSE:LVS) shares and increased its price target from $64.50 to $67. The company claims that by producing a Q4 EBITDA well above $500 million, Marina Bay Sands positively surprised the market. Given the Londoner Grand’s gradual opening, it still believes that Las Vegas Sands’ Macau property has strong EBITDA recovery prospects. The stock is still the “Global Top Pick” of the analyst, making it among the list of the Best Casino Stocks.