After all, brick-and-mortar casinos don't just make money on table games and slots. Like other leisure and hospitality stocks, they operate like hotels, relying on room occupancy for a substantial portion of their revenue, as well as conventions and other gatherings. Since spending on gambling and tourism is highly correlated with the overall health of the economy, casino stocks are considered consumer discretionary stocks. 1. MGM Resorts. Still, MGM was awarded a new 10-year gaming license Macau, ensuring its future in the gaming territory. Nonetheless, that business should return as the region emerges has begun easing restrictions, and Macau should remain the world's biggest gaming market because of its proximity to large populations and the cultural affinity for gaming in China and other parts of Asia.
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