7 Best Entertainment Stocks To Buy According to Analysts

3. MGM Resorts International (NYSE:MGM)

Average Upside Potential: 34.63%

Number of Hedge Fund Holders: 44

MGM Resorts International (NYSE:MGM) is a global gaming and entertainment company with national and international locations that feature hotels and casinos, meetings and conference spaces, live and theatrical entertainment experiences, and restaurant, nightlife, and retail offerings.

MGM Resorts is an international brand. The firm’s 50% owned venture BetMGM offers sports betting and online gaming in North America through market-leading brands. Simultaneously, its subsidiary LV Lion Holding Limited offers sports betting and online gaming through market-leading brands in several jurisdictions across Europe. The MGM Resorts portfolio includes 31 unique hotel and gaming destinations across the world which encompasses some of the most recognizable resort brands in the industry. While the firm operates some of the finest casino properties globally, it constantly reinvests in its properties to maintain its competitive advantage.

MGM Resorts International (NYSE:MGM) continued to drive positive financial results in Q2. The firm reported record 2Q consolidated net revenues of $4.3 billion and record 2Q MGM China Adjusted Property EBITDAR of $294 million. MGM also made progress with its international digital strategy through the strategic relationship with Playtech to be the only US operator to offer live casino content from the Las Vegas Strip and the announced acquisition of Tipico’s US platform thereby bringing sports betting product in-house.

Therefore, MGM Resorts International (NYSE:MGM)  operates the highest quality resorts in each of the markets in which the firm operates. As of Q2, the stock is held by 44 hedge funds.