In addition to being a significant player in the hospitality industry, MGM Resorts also owns several restaurants, entertainment venues, golf courses, and non-gaming hotels. With its headquarter in Las Vegas, MGM Resorts owns and operates hotels and casinos across the U.S., including the famed Bellagio and MGM Grand in Las Vegas and 50% of Cit圜enter in Las Vegas with Infinity World Development Corp. You could say that MGM Resorts International (NYSE:MGM) is a global leader in the entertainment industry, but that would be putting it lightly. Here are the nine sin stocks (alcohol stocks, cannabis stocks, gambling stocks, sports betting stocks, etc.) to keep on your radar: MGM: More Than a Casino Stock This may limit the sin businesses' ability to operate freely or introduce new products without first getting approval from government officials. For example, alcohol stocks, gambling stocks, and cannabis stocks can be heavily regulated by government agencies at the federal and state levels. Third, some investors believe that sin stocks offer more income potential than other investments, such as bonds and utilities.Īlong with the benefits of investing in sin stocks also come some risk.

People will drink beer or gamble on poker when times are good. Second, the demand for 'sin' products is recession-proof. First, there is a low correlation between the performance of sin stocks and the overall stock market, which makes them useful for diversification purposes. There are several reasons to consider investing in sin-related stocks. Overall, it is hard not to be optimistic given the immense amount of cash that is still in the system and the “America Coming Back/Reopening” case is still strong as America goes back to work, and we wouldn’t bet against a working America. The same could be said for the cannabis industry as more states look at legalization. Furthermore, the expansion of legalized gambling is something we expect to continue as more states look at the additional tax revenue that could be generated given the high price of government stimulus and spending that has occurred throughout the pandemic. Narrowing in on a few sectors, we believe casinos may be in a good position to have a strong year and are set to benefit in the reopening narrative once the Omicron variant gets under control. Our initial indicators suggest a positive outlook for the market this year. Investments, the company that launched the BAD ETF (NYSE:BAD), earlier this year and he shared his general 2022 outlook on the sin-centric exchange-traded fund with us: The category of 'sin stocks' includes stocks related to businesses and industries commonly associated with 'sins' like drinking, gambling, and smoking marijuana. One of the more fascinating - and perhaps ironic - facets of Wall Street is the ability to profit off some of life's most notorious and long-standing vices.

Gold strike tunica meeting space