High-Risk, High-Reward Casino Stocks for 2024💰🎲

April 5, 2024

High-Risk, High-Reward Casino Stocks

Casino Stocks: Big Bets for 2024

Love the thrill of the roulette wheel? The casino industry is where investors gamble their hard-earned cash. Fortunes can be won or lost in a flash, and 2024 could be a make-or-break year for these high-stakes stocks. Let's see who might have the edge at the tables.

The Pandemic Changed the Game

Let's be real, the last few years weren't kind to casinos. Empty Vegas Strip, gamblers stuck indoors... But the industry is evolving. Online gambling and sports betting are booming, while a return to travel could reignite those classic casino floors. This means our stock picks gotta have the right mix to ride those waves.

Warning: High-Stakes Territory

Casino stocks ain't for the faint of heart. They boom when the economy's hot and people are flush with cash. But one recession sends 'em tumbling faster than a bad roll of the dice. This game is all about calculated risk, not safe dividends.

2024's Top Casino Stocks

Here's my shortlist of casino stocks that might hit the jackpot in 2024. Remember, fortunes change on a dime, so know what you're getting into:

Las Vegas Sands Corp. (LVS)

Dynamic Stock Chart for TICKER LVS The Vegas Strip titan, LVS is heavily exposed to both Las Vegas and the Macau gambling market in Asia. The pandemic hit them hard, but a full-blown travel recovery and the reopening of China could send this stock soaring. This is the ultimate bet on the return of global tourism and high-roller spending.

Wynn Resorts (WYNN)

Dynamic Stock Chart for TICKER WYNN Wynn is synonymous with luxury and the high-roller experience. That makes their fortunes closely tied to Vegas bouncing back and wealthy gamblers feeling confident enough to splurge. Like Sands, it's a high-risk, high-potential play, especially if Macau reopens alongside Vegas's continued recovery.

MGM Resorts International (MGM)

Dynamic Stock Chart for TICKER MGM MGM is another Vegas giant, but their diversification into online gambling and sports betting offers some cushion compared to the pure Vegas plays. They're still betting on the Strip's comeback, but their online ventures could pay off big if that market continues its explosive growth.

The New Digital America: How to Profit from the Historic Shift

Texas Oil Stock

A strange new day is coming to America in 2024. The way we shop, travel, communicate, and do business is being reshaped by emerging technologies like AI, blockchain, and cloud computing.

This digital transformation, accelerated by the pandemic, is creating an entire new class of wealth-building opportunities. Stocks that could soar 100% to 500% or more by taking advantage of this "New Digital America."

Legendary Wall Street analyst Marc Chaikin has developed a powerful system to pinpoint these future money-making stocks before the big money piles in. His proprietary "Power Gauge" uses 20 market factors to predict which under-the-radar stocks will be rated a BUY by Wall Street in the months ahead.

Don't miss your chance to get ahead of this massive wealth shift. Follow Marc's #1 stock pick for the New Digital America before it's too late.

Caesars Entertainment (CZR)

Dynamic Stock Chart for TICKER CZR Caesars blends their classic Vegas locations with a network of regional casinos across the U.S. This gives them geographic diversification, making them slightly less tied to the fate of the Vegas Strip alone. Expect volatility, but it's a less extreme gamble than the pure Vegas plays.

Penn National Gaming (PENN)

Dynamic Stock Chart for TICKER PENN Penn National focuses on regional casinos and has a major stake in Barstool Sports, tying their fortunes to both local gambling markets and the frenzy of online sports betting. Their stock has been on a rollercoaster over the past years, and that wild ride is likely to continue. It's a long-term play on the growth of both regional gambling and the online betting market.

The House Doesn't Always Win

Regulations change, competition gets fierce, and a recession could send these stocks crashing. Be prepared to double down when things look good or cut your losses if the tide turns. This ain't a game where you sit back and relax.

Jenna Lofton Tip: Don't Gamble Blindly

Do your homework! A savvy gambler understands the odds. Dig into each casino operator's debt load, expansion plans, and how they're adapting to online gambling trends. That's how you play with an edge, not just dumb luck.

Disclaimer: Like I always say, I'm not your financial advisor. This is about the thrill of the gamble, not guaranteed riches. Do your own due diligence or get burned!

Other Recommendations

Over the years I've reviewed DOZENS of Investment newsletters. As a result of this, I've also spent quite a bit of time doing reviews of my FAVORITE Stock & Investment Newsletters, which you can read below!

I recommend checking out The Power Gauge ReportLouis Navellier’s Growth Investor, Fry's Investment Report, Commodity Super Cycles & of course the Oxford Income Letter.

These are all created by experts at the VERY top of their game, and are 100% worth checking out!

About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.

Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

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