12 Best Gambling Stocks to Buy According to Analysts

3. MGM Resorts International (NYSE:MGM)

Analysts’ Upside Potential as of April 11: 73.97%

MGM Resorts International (NYSE:MGM) has one of the gambling industry’s most impressive property portfolios. Along with holdings in Atlantic City, Detroit, and Mississippi, it owns many of the most well-known casino resorts on the Las Vegas Strip, including the Bellagio, MGM Grand, Luxor, and New York-New York. It also has a 56% stake in two Macau casinos, MGM Macau and MGM Cotai. Compared to many of its competitors, it has more exposure to Las Vegas tourists because nearly two-thirds of its 45,000 guest rooms are located around the Strip.

One of the Best Casino Stocks, MGM Resorts International (NYSE:MGM)’s stock price rose on better-than-expected fourth-quarter earnings, promising remarks about recent performance and prospects, and a forecast that its online gambling joint venture will generate positive EBITDA this year.

In 2024, the company set new records for hotel revenue, food and beverage revenue, domestic slot wins, and consolidated net revenues. The company had a strong start to 2025, as seen by greater domestic operations revenue in January and plans for ADR growth throughout the year. A great fourth quarter was attributed to particularly superb operations in Las Vegas, where December slot handle and win set new records. Furthermore, MGM Resorts International (NYSE:MGM) broke the previous record by 43% in December, with its highest-ever convention reservations. BetMGM maintained its excellent momentum, achieving more than $2 billion in top-line growth in 2025, with net revenues from operations expected to range between $2.4 billion and $2.5 billion.

Longleaf Partners Fund stated the following regarding MGM Resorts International (NYSE:MGM) in its Q4 2024 investor letter:

“MGM Resorts International (NYSE:MGM) – Hospitality and gaming company MGM Resorts was a top detractor for the quarter and the year. Despite relatively strong execution by the company and opportunistic repurchases of discounted shares, the market did not like the company’s quarter-to-quarter volatility, especially in the second half of the year. When making the necessary adjustments, MGM’s core Las Vegas properties continued to grow nicely if boringly in the low-mid-single digit range during the year. MGM remains one of our larger share repurchasers in the portfolio, demonstrating its commitment to shareholder returns. The company’s hidden assets in online gaming and Asia also showed progress as the year went on. We remain confident in the management team, led by CEO Bill Hornbuckle, as they navigate these challenges and focus on long-term value creation.”