Las Vegas Sands vs. Boyd Gaming: Which Casino Stock is a Better Buy? By StockNews
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Stock Markets30 minutes ago (Aug 05, 2021 10:31AM ET)
Following the jarring impact of the COVID-19 pandemic last year, the casino industry is finally showing signs of recovery thanks to the continued evolution of online casinos supported by the development of gambling apps and the rapid proliferation of smart devices. Also, with physical casinos reopening nationwide, we believe leading casino companies Las Vegas Sands (NYSE:) and Boyd Gaming (NYSE:) are well-positioned to grow substantially. But let’s find out which of these stocks is a better buy now.Las Vegas Sands Corp. (LVS) and Boyd Gaming Corporation (BYD) are two preeminent casino and resort operators based in the United States. LVS operates the Sands Expo and Convention Center in Las Vegas, Nevada and The Venetian Resort Hotel Casino on the Las Vegas Strip. BYD operates through Downtown Las Vegas; Las Vegas Locals; and Midwest & South.
With substantial pent-up demand for gambling, and easing pandemic-related restrictions, investors remain optimistic about the casino industry’s road to recovery. The global gambling market is expected to hit $674.7 billion in 2025, exhibiting a 7% CAGR. With travel and tourism rebounding amid widespread COVID-19 vaccinations, brick-and-mortar casinos are witnessing a decent uptick in player volume. Furthermore, the increasing popularity of online gambling apps—with a growing community of people using their smart devices to connect to online casinos—should propel the industry's growth. Popular casino operators LVS and BYD are poised to benefit from this backdrop.
BYD stock has gained 126.2% over the past year, while LVS has lost 8.8% over this period. BYD is the clear winner with 31.4% in gains versus LVS’ 32.7% negative returns in terms of year-to-date performance. But which of these stocks is a better pick now? Let’s find out.
