5 Best Gambling Stocks To Buy Now

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

Number of Hedge Fund Holders: 42

Las Vegas Sands Corp. (NYSE:LVS), together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. The firm is among the best casino stocks to invest in. On July 20, the firm posted earnings for the second quarter of 2022, reporting a revenue of more than $1 billion, down over 10% compared to the revenue over the same period last year but beating estimates by $100 million. 

On September 26, Jefferies analyst David Katz upgraded Las Vegas Sands Corps.  (NASDAQ:LVS) stock to Buy from Hold with a price target of $50, up from $40, noting that Macau recovery was a positive catalyst for the shares. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based firm Citadel Investment Group is a leading shareholder in Las Vegas Sands Corp. (NYSE:LVS), with 4.1 million shares worth more than $138.6 million. 

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Las Vegas Sands Corp. (NYSE:LVS) was one of them. Here is what the fund said:

“Certain travel-related businesses remain cyclically depressed not secularly challenged and should rebound as economic strength re-emerges. For example, the business operations of Macau-centric casino and gaming companies such as Las Vegas Sands Corporation (NYSE:LVS) have yet to recover due to the ongoing COVID-19 challenges in China. We expect business to rebound sharply when economic growth recovers just as it did in Las Vegas. Las Vegas Sands Corporationis a global leader in the development and operation of luxury casino resorts in Macau and Singapore, and it maintains a liquid and investment grade balance sheet. It is currently valued at a significant discount to our assessment of replacement cost, and the company’s Macau operations are valued at only 7 times estimated cash flow.”