10 Best Sin Stocks to Invest in 2025

7. MGM Resorts International (NYSE:MGM)

Number of Hedge Fund Holders: 46

MGM Resorts International (NYSE:MGM) is an American multinational gaming and entertainment company. The company has an impressive portfolio of 31 unique hotel and gaming destinations worldwide. MGM Resorts International (NYSE:MGM) owns and operates resorts in the United States and China. It is well-known for its iconic destinations on the Las Vegas Strip including Mandalay Bay, Bellagio, and MGM Grand.

The company is actively seeking expansion opportunities, particularly in Asia. MGM Resorts International (NYSE:MGM) is developing one of the first integrated resorts in Japan. This development project worth around $10 billion aims to transform Osaka into a premier gaming and entertainment destination. The company reported significant development progress and aims to start main construction in the middle of 2025. Additionally, MGM Resorts International (NYSE:MGM) is pursuing growth opportunities in other regions like the UAE and Thailand.

The company is also strategically expanding its presence in the growing online gaming market. MGM Resorts International’s (NYSE:MGM) joint venture, BetMGM, LLC, provides sports betting and online gaming in North America through brands that include BetMGM and partypoker. Additionally, the company’s subsidiary, LV Lion Holding Limited, offers sports betting and online gaming in several markets throughout Europe. During the third quarter of 2024, MGM Resorts International (NYSE:MGM) advanced its international digital strategy by announcing a new venture with Grupo Globo to seek a sports betting and iGaming license in Brazil. The new venture is expected to see the BetMGM brand launch in Brazil in early 2025.