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Best Casino Stocks You Must Consider Investing In 2022

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Casino stocks are categorized as consumer discretionary companies because of the strong correlation between gaming and tourism spending and the state of the economy as a whole. Continue reading to learn about some of the most alluring and best casino stocks you can purchase right now.

Best Casino Stocks For 2022

If you're looking for some of the best casino stocks available, keep reading.

MGM Resorts

One of the most spectacular portfolios of properties in the casino sector belongs to MGM. The Bellagio, MGM Grand, The Mirage, Luxor, and New York-New York are just a few of the well-known casino resorts it owns.

COPYRIGHT_BP: Published on https://bingepost.com/best-casino-stocks/ by Kelvin Farr on 2022-10-26T07:58:00.194Z

It also has properties in Atlantic City, Detroit, and Mississippi. Additionally, it owns 56% of each of the MGM Macau and MGM Cotai casinos in Macau.

In comparison to many of its competitors, it is more vulnerable to Las Vegas tourism because almost two-thirds of its 45,000 hotel rooms are on the strip.

Las Vegas Sands

The best place to place your bets on Macau is at Las Vegas Sands. With five casinos in Macau and the Marina Bay Sands in Singapore, the corporation is solely focused on the Asian market. In March 2021, it paid $6.25 billion to sell its Las Vegas operations, which included the Venetian, to a private equity company.

Boyd Gaming Corp

Boyd Gaming owns and manages gaming establishments all across the United States. Additionally, it runs dining establishments, retail stores, and recreational amenities on its estates.

The businesses declared a $0.15 per share quarterly cash dividend on September 15. The dividend is due to shareholders as of September 30, 2022, on October 15.

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Red Rock Resorts Inc

Owning and operating casino and entertainment sites, Red Rock Resorts is a gaming, development, and management corporation. In addition to offering casinos, it also has entertainment venues, movie theaters, bowling alleys, and banquet halls.

Marriott Vacations Worldwide Corp

Marriott Vacations Worldwide is a global provider of travel-related services, including resort and property management, vacation ownership, and rentals. More than 120 resorts for holiday ownership are available.

On September 9, Marriott declared that it would pay a $0.62 cash dividend per share of common stock every three months. The dividend is due to shareholders as of September 22, 2022, on October 6.

People Also Ask

What Are The Best Casino Stocks To Buy Now?

  • Melco Resorts & Entertainment Limited.
  • Churchill Downs Incorporated.
  • Wynn Resorts, Limited.
  • Full House Resorts, Inc.
  • Century Casinos, Inc.
  • Everi Holdings Inc.
  • VICI Properties Inc.
  • DraftKings Inc.

Are There Any Casino Stocks?

Yes, there are a lot of casino stocks you can invest in. Among the most popular casino stocks are Wynn Resorts (WYNN), MGM Resorts (MGM), and Caesars Entertainment (CZR). Compare them against businesses like Boyd Gaming (BYD), Bally's Corporation (BALY), and Churchill Downs to see how they stack up (CHDN).

Is Las Vegas Sands A Good Investment?

Yes. Out of 12 experts, 8 (66.67%) recommend LVS as a Strong Buy, 1 (8.33%) as a Buy, 3 (25%) as a Hold, 0 (%) as a Sell, and 0 (%) as a Strong Sell.

Conclusion

Over the past ten years, the casino industry as a whole has underperformed in the market, but there have been notable exceptions, such as Caesars Entertainment and internet gambling companies like DraftKings and Penn National.

The next ten years will probably be very different from the last ten because of the growth of online gambling in the United States. So, you must consider investing in the above-mentioned best casino stocks.

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About The Authors

Kelvin Farr

Kelvin Farr - Although I don't believe Bitcoin to be the future for sure, I do believe it has the potential to be. I only want to comprehend the nature of cryptocurrencies and how they operate rather than really owning any.

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