5 Biggest Betting Companies In The World

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

Market Capitalization: $36 Billion

Las Vegas Sands Corp. (NYSE:LVS), together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It is an American casino and resort company, currently owning The Venetian Macao Resort Hotel, the Londoner Macao, Cotai Strips and the Sands. It was founded in 1998 in Las Vegas, Nevada, USA. The firm earns more than $10 billion in revenue every year. 

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 3.4 million shares worth more than $129 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.”

You can also take a peek at 11 Best Delivery Stocks To Buy and 12 Biggest Militaries in the World.

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