5 Best Casino Stocks To Buy Now

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1. Caesars Entertainment, Inc. (NASDAQ:CZR)

Number of Hedge Fund Holders: 59     

Caesars Entertainment, Inc. (NASDAQ:CZR) operates as a gaming and hospitality company in the United States. It is one of the top casino stocks to invest in. In early September, the company announced that the sport wagering mobile app of the firm was now available for use in Kansas. The Caesars Sportsbook is now available in 26 states and North American jurisdictions. 19 of those sports betting locations are mobile. The company claims it operates the most retail sportsbooks across the US. 

On August 3, B Riley analyst David Bain maintained a Buy rating on Caesars Entertainment, Inc. (NASDAQ:CZR) stock and lowered the price target to $102 from $128, noting that the stock seemed woefully undervalued. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm HG Vora Capital Management is a leading shareholder Caesars Entertainment, Inc. (NASDAQ:CZR), with 5 million shares worth more than $191.5 million. 

In its Q4 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Caesars Entertainment, Inc. (NASDAQ:CZR) was one of them. Here is what the fund said:

“Caesars Entertainment, Inc. (NASDAQ:CZR), a diversified casino-entertainment and resort company, underperformed in the period as its quarterly earnings update was viewed as disappointing by investors. The firm highlighted a number of one-time headwinds that ultimately weighed on margins, as well as some negative impacts brought on by the surge in COVID cases. Despite this, we believe that the sizeable overall margin improvements Caesars has realized coming out of the pandemic will ultimately prove sustainable in the long run.”

You can also take a peek at 15 Best Gambling Stocks To Buy Now and 10 High Dividend Stocks Picked by Billionaire Gabelli

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