Investing in Las Vegas: The Best Casino Stocks (and what you should know about them)
After a calamitous 2020 and 2021, Las Vegas is bringing in money from all over the world.
There are a few key companies that own most of Las Vegas' biggest casino properties. If they have the bank account to back it up, they might take on more investors.
MGM International sold the land under 15 of their Vegas properties for $17 billion in 2021. They also sold Mirage Casino Hotel & Resort to the Hard Rock International corporation for over a billion.
MGM has $11 billion in liquid cash. They might buy up one of the casinos on our list of fastest withdrawal online casinos NZ. If you invest in Las Vegas, you'll be excited to find out what happens.
VICI properties is the biggest casino landowner in the world. They own the land under 15 different Las Vegas properties. VICi properties are currently your best investment bet as the city's current custodians.
Caesars Entertainment is a company that owns a dozen casinos across America and recently acquired the US online betting arm of British sports maker William Hill. Caesar's relationship to the strip's largest landlord, VICI properties, is complicated.
The Seminole Tribe of Florida bought out the Hard Rock brand in 2007. Hardrock International now owns two dozen casinos, 25 hotels and 180 cafés across the world. After MGM liquidated their Vegas assets in 2020, HardRock stepped in and bought the iconic Mirage. The entire site will be redeveloped into a massive guitar-shaped building, opening in 2024.