5 Best Casino and Betting Stocks to Buy Now

Page 5 of 5

1. Caesars Entertainment Inc. (NASDAQ:CZR)

No of HFs: 74

Total Value of HF Holdings: $1.85 Billion

The best casino and betting stock to buy now is CZR. The company was mentioned in the Top 10 Stocks Billionaire Daniel Loeb Just Bought. They are known as a gaming and hospitality company that owns and operates gaming facilities such as Paris Las Vegas, Planet Hollywood, Harrah’s Las Vegas, and more gaming companies.

Recently, the company announced the closing of the sale of Eldorado Resort Casino Shreveport to Bally’s Corporation for $140 million in net proceeds, subject to customary working capital adjustment. Tom Reeg, CEO of Caesars Entertainment, Inc said,

“The completion of the sale of Eldorado Resort Casino Shreveport satisfies the Federal Trade Commission request to divest the asset in connection with the Caesars-Eldorado transaction which closed earlier this year. Since our acquisition of the property fifteen years ago, our Team Members’ passion and commitment have driven our success in Shreveport.  We wish all of them continued success under Bally’s ownership.”

Please also see Top 10 Best Sin Stocks to Buy Now and 10 Extreme Dividend Stocks with Huge Upside.

Page 5 of 5