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3 Casino Stocks to Buy Now

Mutual Fund Report for PGOFX

Perhaps it is because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it is because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it is clear that gambling stocks are always among the most popular on Wall Street.

Luckily for investors, now is also a great time to be buying gambling stocks, as continued domestic strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. In fact, according to our Zacks Industry Rank data, the overall “Gaming” industry has gained more than 36.5% in the past year, outpacing the S&P 500’s respectable 18.3% gain.

With casino stocks this hot right now, investors are not going to want to miss out. Luckily, we can use Zacks’ proven stock-picking methods to find solid stocks in any industry. Check out these casino stocks today:

1. Las Vegas Sands Corp. LVS

With properties like the Venetian and the Parisian, Las Vegas Sands is the epitome of luxury and style in the casino industry. LVS is currently sporting a Zacks Rank #2 (Buy) and holds an “A” grade for Growth in our Style Scores system. Our current consensus estimates are calling for EPS growth of 10% this fiscal year and an additional 8% next year.

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Las Vegas Sands is also generating cash flow growth of 21% right now. The firm is now bringing in about $4.63 in cash per share, more than quadrupling its industry’s average. LVS also boasts a better-than-average net margin of 22% and RoE 34%. Finally, management is currently offering a dividend yield of about 4%.

 

2. Eldorado Resorts, Inc. (ERI)

Eldorado Resorts provides casino and entertainment services primarily in Nevada and Louisiana. The company is known for its Isle of Capri and Lady Luck properties, among others. ERI is currently sporting a Zacks Rank #1 (Strong Buy), and the stocks holds an “A” grade in our Growth category.

Eldorado has been soaring since its latest earnings report, and now our attention is focused on the company’s fiscal 2018 outlook. The company has witnessed strong earnings estimate revision activity for the year, sending its Zacks Consensus Estimate about 32 cents higher over the past 60 days. Eldorado is also expected to see its revenues grow by about 28% in the year.

 

3. Caesars Entertainment Corporation (CZR)

Caesars Entertainment is a gaming company engaged in providing casino entertainment services. Its resorts operate primarily under the Harrah's, Caesars, and Horseshoe brand names. The company is based in Las Vegas, but its properties stretch throughout North America and abroad.

CZR is currently holding a Zacks Rank #2 (Buy). Year-over-year comparisons continue to be tough for Caesars, but the company did benefit from a $2 billion windfall from tax reform, and the stock has finally been moving higher over the past year.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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Las Vegas Sands Corp. (LVS) : Free Stock Analysis Report
 
Caesars Entertainment Corporation (CZR) : Free Stock Analysis Report
 
Eldorado Resorts, Inc. (ERI) : Free Stock Analysis Report
 
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