Which of These Casino Stocks Is a Hotter Buy?

Author: Live Casino Direct
 
Which of These Casino Stocks Is a Hotter Buy?
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The first casinos were small, dimly lit gambling venues. Over time, casinos evolved into colossal resorts with entertainment, convention facilities, luxury shopping malls, theme parks, pools, and fine dining. These comprehensive resorts became known as integrated resorts.

Las Vegas Sands operates in Asia. It sold its Las Vegas Venetian resort last year for $6.25 billion. Sands is focused on the Asian gaming market. With the easing of global travel restrictions, Sands anticipates a recovery. It claims to be positioned "exceedingly well" for future growth.

MGM Resorts International has 32 resort destinations worldwide. It earns revenue from online sportsbook BetM MGM. MGM recently announced the sale of its Gold Strike Tunica property and acquired Cosmopolitan of Las Vegas. The company is also looking for integrated resort opportunities in Japan.

MGM Resorts International is a better buy than Las Vegas Sands. MGM is profitable and Sands operates at a loss. The P/S ratio is used to determine whether a company is undervalued or overpriced.