10 Best Gambling Stocks To Buy According to Hedge Funds

2. Caesars Entertainment, Inc. (NASDAQ:CZR)  

Number of Hedge Fund Holders: 67  

Market Capitalization as of December 3: $8.29 Billion  

Caesars Entertainment, Inc. (NASDAQ:CZR) is one of the largest gaming and hospitality companies globally, operating casinos, hotels, and online platforms. The company attracts a broad customer base, from casual gamers to high-rollers. Caesars Entertainment, Inc. (NASDAQ:CZR) has aggressively expanded its digital presence through Caesars Sportsbook, an online sports betting game.

Caesars Entertainment (NASDAQ:CZR) is prioritizing high-margin products like parlays and is optimizing operations by leveraging its loyalty program to enhance customer retention and profitability. Parlay is a type of sports bet where a bettor combines multiple individual bets into a single wager. Parlays are a strong contributor and are popular because they offer the potential for higher payouts compared to single bets.

Caesars Entertainment (NASDAQ:CZR) is enhancing its property portfolio with significant investments, including the $435 million redevelopment of Caesars New Orleans and the upcoming opening of its permanent facility in Danville, Virginia. In the digital space, Caesars Entertainment (NASDAQ:CZR) is achieving strong revenue and EBITDA growth by expanding its iCasino and sports betting offerings. The company launched new brands, including the Horseshoe Casino in key states, and is optimizing its app to improve customer engagement and retention. Additionally, Caesars Entertainment (NASDAQ:CZR) is capitalizing on asset sales, such as the World Series of Poker and LINQ Promenade, to reduce debt and allocate capital efficiently.