This Casino Stock Looks Like A Buy

Less than $10 billion for a world-class operator

Highlights:

• The case for this casino operator is relatively simple: if the business grows, the stock should follow.

• Investors see some risk around margins and the economy, but may be ignoring growth catalysts from new properties and improved results in digital.

• The risks are real, but seem worth taking. Fundamentals point to 40% upside, and there’s a qualitative case for simply owning a best-in-class operator with room for organic and inorganic growth.