5 Best Gambling Stocks to Buy Now

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1. Caesars Entertainment Inc (NASDAQ:CZR)

Number of Hedge Fund Investors: 65

Caesars Entertainment Inc (NASDAQ:CZR) ranks first in our list of the best gambling stocks to buy now. In January, JMP started covering the stock with a Market Outperform rating. JMP sees strong activity in the brick and mortar casino industry. JMP’s analyst Jordan Bender said he’s impressed with Caesars Entertainment Inc’s (NASDAQ:CZR) “rollup” strategy that has resulted in a 32X revenue growth.

Out of the 933 hedge funds tracked by Insider Monkey, 65 hedge funds had stakes in Caesars Entertainment Inc (NASDAQ:CZR).

Baron Real Estate Fund stated the following regarding Caesars Entertainment, Inc. (NASDAQ:CZR) in its fourth quarter 2023 investor letter:

“In the most recent quarter, we acquired additional shares in Caesars Entertainment, Inc. (NASDAQ:CZR), the largest casino-entertainment company in the U.S. and one of the world’s most diversified casino-entertainment providers. We are big fans of CEO Tom Reeg and remain optimistic about the long-term prospects for the company.

The company operates primarily under the Caesars, Harrah’s, Horseshoe, and Eldorado brand names. The company generates approximately 50% of its cash flow from Las Vegas and 50% from regional destination markets. The company owns approximately half of its real estate and leases the other half from gaming REIT companies – Gaming and Leisure Properties, Inc. and VICI Properties Inc…” (Click here to read the full article)

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