Recently, investment firm Argus upgraded the stock, citing a strong recovery in Las Vegas and the company’s upbeat operations in Boston. However, with China in the midst of mass vaccination drives, Macau is slowly recovering too.Īnother notable stock to benefit from the upcoming recovery in the gaming sector is Wynn Resorts, Limited (NASDAQ: WYNN). (NYSE: LVS) has plans to expand in Texas as international revenue takes a hit due to the slow vaccine rollout in Asia.

In Clark County, casinos will be able to operate at 80% starting next month and fully once the vaccination rate in their area reaches 60%.

(NYSE: LVS ) have also been making steady gains as the government gradually allows 100% capacity at hotels and casinos. Scientific Games Corporation (NASDAQ: SGMS) aims to market these slots to several casinos.Įstablished gaming firms like Las Vegas Sands Corp. Scientific Games Corporation (NASDAQ: SGMS ), a gaming equipment manufacturer, is looking to capitalize on the digital trends of the pandemic and recently signed a cross-licensing agreement with a rival for cashless slot machines. The firms who supply casino owners with the equipment they need to run the establishments are also set to register gains. It is not only the casino and hotel industry that will benefit from the upward trend in the gambling world. MGM Resorts International (NYSE: MGM) also reported earnings per share of -$0.68, narrowing losses and beating analyst predictions by $0.19. MGM Resorts International (NYSE: MGM ), one of the largest gaming companies in Las Vegas, reported quarterly revenues of $1.65 billion earlier this month, beating market estimates by $80 million. Major players in the industry are expected to lead this growth. The industry, which stood at $470 billion in 2020, is expected to grow to $520 billion this year at a compound annual growth rate of close to 11%. On April 29, the Mississippi government even removed mask requirements for people at casinos. However, at the turn of the year, the economy seemed to be reopening, and there was a flurry of activity as the vaccine rollout allowed Las Vegas to welcome back tourists in limited numbers once again. The casino and gambling industry had suffered under COVID-19 as social distancing, remote working, and the suspension of commercial activities forced luxury resorts and gaming establishments to close their doors for business in early 2020. You can skip our comprehensive analysis of these companies and go directly to the 5 Best Las Vegas Stocks to Buy Now. In this article, we will take a look at the 10 best Las Vegas stocks to buy now.

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