Better Buy: MGM Resorts or Las Vegas Sands Stock?
With Macao reopened after COVID-19 restrictions were lifted, the gambling industry there expects an estimated $16 billion in 2023 revenue.
Today, I'll highlight two American companies with exposure to the Asian gaming market and determine which of these casino stocks is the better buy.
After a 27% year-over-year revenue increase last quarter, MGM Resorts International (NYSE: MGM) looks forward to "tremendous opportunities for growth" in Macao, according to CEO Bill Hornbuckle. During the Q4 earnings call last month, he encouraged investors by claiming, "Macao is back."
Source Fool.com
