12 Best Gambling Stocks to Buy According to Analysts

2. Las Vegas Sands Corp. (NYSE:LVS)

Analysts’ Upside Potential as of April 11: 85.04%

Las Vegas Sands Corp. (NYSE:LVS) is a casino operator focused primarily on the Macau market. The company’s five casinos in Macau and Marina Bay Sands in Singapore are primarily geared toward the Asian market. Since strict lockdowns in China and other Asian countries caused traffic to drop during the COVID-19 pandemic, the strategy of concentrating on Asia unfortunately backfired. However, the company rebounded in 2023 with operating profits of $2.3 billion and revenue of $10.4 billion, an improvement of more than 150% from 2022, showing that it is back on solid ground.

Las Vegas Sands Corp. (NYSE:LVS)’s Macao betting market expanded significantly, with Q4 2024 gaming revenue up 6% year on year, owing to a 5% increase in mass gaming income. Marina Bay Sands did well in Singapore, with an adjusted property EBITDA of $537 million, up 28% from the previous year. The Londoner Grand Casino, which opened in late September with 315 suites, is planned to have expanded to 1,500 suites and rooms by May 2025. By repurchasing $450 million of stock and increasing the dividend to $1 per share in 2025, the firm proved its commitment to shareholder returns.

Citi maintained its Buy rating for Las Vegas Sands Corp. (NYSE:LVS) and raised its price objective from $64.50 to $67. Marina Bay Sands claims that its Q4 EBITDA of well over $500 million positively shocked the market. Given Londoner Grand’s slow opening, it is confident that its Macau property has excellent EBITDA recovery potential. The company is still the analyst’s “Global Top Pick,” and it ranks among the Best Casino Stocks.