11 Best Las Vegas Stocks To Buy Now

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9. PlayAGS, Inc. (NYSE:AGS)

Number of Hedge Fund Holders: 31

PlayAGS, Inc. (NYSE:AGS) is one of the best Las Vegas stocks to buy now. It operates as an international designer and supplier of electronic gaming machines and other related casino industry services. The stock was held by 31 hedge funds in Q2 2024, with total positions worth $119.24 million. Renaissance Technologies is the top shareholder of the company with a position worth $20.38 million.

It operates through three main segments EGM, Table Products, and Interactive Games. The product portfolio of the company ranges from a variety of video and slot games to table products including card shufflers, side bets, progressives, and much more. PlayAGS, Inc. (NYSE:AGS) also provides game content to its remote gaming servers where players can bet for real money gaming through their mobile devices.

The EGM segment of the company is leading its revenue. Last quarter recorded an all-time high sales of Global EGM at 1,519 units representing a 36% increase year-over-year. The sales growth sounds even more impressive after the fact that the company has topped 30% increase for consecutive 3 quarters.

Robust sales have led PlayAGS, Inc. (NYSE:AGS) to post the 11th consecutive quarter of double-digit growth, making it an attractive investment opportunity with demonstrated profitability and growth. Q2 2024, revenues were $94.2 million, up 15% year-over-year.

That’s not it, management is constantly at work to improve the product line-up. On August 7, it announced the latest table innovation Bonus Spin Xtreme for Poker Rooms along with an upgraded lineup of slot games. The new product launch is expected to further improve its market share.

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