12 Best Gambling Stocks to Buy According to Analysts

4. Wynn Resorts, Limited (NASDAQ:WYNN)

Analysts’ Upside Potential as of April 11: 63.01%

Wynn Resorts, Limited (NASDAQ:WYNN) is ranked fourth on our list of the Best Casino Stocks. It is a diverse casino operator that owns 72% of the Wynn Palace and Wynn Macau in Macau. It also wholly owns the Wynn and Encore in Las Vegas, as well as the Encore Boston Harbor, which opened in 2019.

Revenue climbed to $6.5 billion in 2023, with an operating profitability of $840 million. Wynn Resorts, Limited (NASDAQ:WYNN) achieved yet another record for adjusted property EBITDAR in 2024, with an annual record in Las Vegas. The company experienced exceptional operational success in Las Vegas, with table games falling flat against fierce competitors and slot handles growing by 13%, while gaming market share surged dramatically in Q4. The Macau firm generated $293 million in EBITDA in the fourth quarter, up 11% sequentially but down about 1% year on year. Despite the competitive market, it remained focused on increasing EBITDA and maintaining a high margin profile.

Stifel maintained its Buy recommendation on Wynn Resorts, Limited (NASDAQ:WYNN) shares and raised the price target from $123 to $128. Although its Q4 report and projections “probably aren’t as strong” as MGM’s, the company informs investors that “it’s pretty darn close and, more importantly, should allow WYNN shares to move higher.”

Nightview Capital stated the following regarding Wynn Resorts, Limited (NASDAQ:WYNN) in its Q4 2024 investor letter:

“Travel and entertainment are transforming as consumers prioritize experiences over material goods. This isn’t a return to pre pandemic norms—it’s a reinvention of how we connect, explore, and enjoy life. Travelers seek uniqueness and personalization, while entertainment blends digital and physical realms to create new experiences. The companies leading this evolution are redefining tradition through innovation, delivering unforgettable moments to a new generation. These businesses are not just adapting—they’re shaping the future of the experience economy.

Wynn Resorts, Limited (NASDAQ:WYNN): Core Opportunity: Wynn Resorts combines world-class properties with exposure to Macau’s rebounding gaming market and emerging luxury travel trends. Recent development projects, combined with a re-valuation of the legacy portfolio place Wynn in a compelling and overlooked position.

Competitive Advantage: Revenue Growth: Wynn’s revenues have increased 2.5x since 2007, while free cash flow has grown to $1 billion annually, all while equity has remained flat.

Portfolio Expansion: New properties in Macau, Encore Boston Harbor, and upcoming projects in the Middle East and New York enhance its global footprint…” (Click here to read the full text)