The best gambling stocks to invest in this year

guest post, Guest posts do not necessarily reflect the opinion of the editors.

01/04/2023, 5664 characters

The gambling industry has been very successful for years, and the rise of online casinos has fueled the boom in the industry. If you want to invest your savings in the next year, the gambling industry is therefore ideal. We have looked at the five strongest stocks and will present them here. So you can make your money work for you while you do it yourself best online casinos Austria visit and have fun online at top casinos there.

  1. DraftKings Inc. (NASDAQ:DKNG)
  • Number of hedge fund holders: 34

DraftKings Inc. is a casino and gaming company providing digital sports entertainment and gaming. The company is based in Boston, Massachusetts. Joseph Stauff of Susquehanna reiterated a positive rating and a price target of $19 on DraftKings Inc.’s gambling stock on November 22.

In November, DraftKings Inc. staged a robust rebound on news that the Fed’s rate hikes may be coming to an end. During the second quarter, the company’s monthly user base grew to 1.5 million, up 30% year over year. In the third quarter, 34 hedge funds were invested in DraftKings Inc. with a total value of $830 million.

  1. Boyd Gaming Corporation (NYSE:BYD)
  • Number of hedge fund holders: 36

Our hedge fund data shows that 36 funds were invested in Boyd Gaming Corporation in the third quarter and 35 funds in the stock in the second quarter. The total value of their shares was $809 million and $898 million, respectively. Baron Fundsan asset management company, mentioned Boyd Gaming Corporation in its Q2 2022 investor letter. Here’s what the company said:

“The company owns and operates 28 casinos in 10 states with a strong presence in Las Vegas. Business has been good, yet the shares are valued at just 6 times estimated 2022 cash flow versus a long-term average of more than 9 times cash flow. The company has a strong and liquid balance sheet. Insiders own approximately 27% of the company. We believe Boyd is an attractive acquisition target.”

  1. Las Vegas Sands Corp. (NYSE:LVS)
  • Number of hedge fund holders: 48

Las Vegas Sands Corp. develops, owns and operates integrated resorts in Asia and the United States. The company is based in Las Vegas, Nevada. CICC ceased coverage of Las Vegas Sands Corp. shares on November 25. with an Outperform rating and a price target of $54.

Baron Funds, an investment management company, mentioned Las Vegas Sands Corp. in their letter to investors for the third quarter of 2022. Here is the company’s wording:

“Sands is a global leader in the development and operations of luxury casino resorts in Macau and Singapore and has an investment grade liquid balance sheet. We expect management to expand as Singapore and Macau recover will begin to return capital to shareholders through dividends and share buybacks. The shares are valued at a significant discount to our replacement cost estimate and the company’s Macau operations are valued at just 7 times estimated cash flow.”

  1. MGM Resorts International (NYSE:MGM)
  • Number of hedge fund holders: 53

MGM Resorts International is recognized as one of the top US large cap casino operators. The company has generated annual sales of $1.4 billion with BetMGM. In November of this year, the company also declared a quarterly dividend of $0.0025 per share. Baron Funds, an investment management company, mentioned MGM Resorts International in its Q3 2022 investor letter. Here is the company’s wording:

“MGM Resorts International (NYSE:MGM) is a leading global casino and entertainment company with 29 unique hotels and casinos, including some of the best-known resort brands such as Bellagio, MGM Grand, ARIA and Park MGM. At a current price of only $30 per share we think MGM’s valuation at 6x estimated cash flow for 2023 is compelling.”

  1. Caesars Entertainment Inc. (NASDAQ:CZR)
  • Number of hedge fund holders: 56

In 2020, Caesars Entertainment Inc. merged with Eldorado Resorts to become one of the largest casino and entertainment providers in the world. The company’s combined revenues have skyrocketed in recent years, totaling approximately $10.4 billion as of October of this year. The company was able to raise an additional $1.3 billion in liquidity in 2020 by selling 23 acres of land on the Las Vegas Strip, putting itself in a solid financial position. Our hedge fund data shows that 56 funds were invested in Caesars Entertainment Inc. during the third quarter. The total value of their participation was $730 million.


So there are some promising stocks from the gaming sector to invest in again in 2023. When buying shares, however, you should not act in leaps and bounds and always obtain detailed information in advance. Also, you should be aware that profits are not guaranteed, although successful stocks have a better chance of continuing to appreciate in value. If you would like to learn more about online casinos Austria, then you should definitely read the articles by our guest author Simona Eichelberger. For example, she explains how to find the best online casino in Austria for you personally.

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