The 10 Largest Gambling Stocks of 2024

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

Market Capitalization: $37.23 Billion

No. of Hedge Fund Investors: 40

Las Vegas Sands Corp. (NYSE:LVS) is an American company that operates casinos and resorts in Las Vegas, Macau, and Singapore. However, the company’s primary geographic locations are Macau and Singapore. In Macau, the company manages operations through its Chinese subsidiary, Sands China Ltd. In Singapore, it owns Marina Bay Sands.

The company’s integrated resorts feature accommodations, gaming, entertainment, and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp.’s properties also serve high-end players by providing them with luxury amenities and premium service levels. Other major amenities include invitation-only clubs and private gaming salons.

Las Vegas Sands Corp. (NYSE:LVS) has the objective to capture high-value, high-margin tourism over the long term. Macau remains the hot market for the company as it continues to grow. During Q3 2024, the company’s Macau market revenue increased 13% year-over-year, while the Masking revenue grew 14% from a year ago. The company suffered major disruption at the Londoner, which the company aims to overcome through its Londoner Grand renovation program.

The company expects the Chinese economy to grow, as China makes economic developments. The Macau market has growth potential and the company expects its Macau market gross gaming revenues to exceed $30 million in 2025.

The company has missed earnings estimates in the last two quarters, however, it expects to improve its earnings in the long term.