The ancient Romans, in particular, were avid gamblers whose card and dice games permeated the culture. Gambling is a vice that goes back to the beginning of recorded human history. Gambling is a global growth phenomenon, as the following chart shows: The company also owns and operates the Venetian Resort Hotel Casino and the Palazzo Resort Hotel Casino on the iconic Las Vegas Strip the Sands Expo and Convention Center in Las Vegas, Nevada and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania. Las Vegas Sands owns and operates some of the most lucrative names in the gambling industry, including the Venetian Macao Resort Hotel, Sands Cotai Central, the Parisian Macao, the Four Seasons Hotel Macao, Cotai Strip, the Plaza Casino, and the Sands Macao, in Macao, China and Marina Bay Sands in Singapore. These picks may be sin stocks but their income is heavenly - and they all trade at attractive valuations relative to their peers.ĭean Martin sang a song about nocturnal vices called: “Who’s Got the Action?” When it comes to generating high income, the answer could have been Las Vegas Sands (NYSE: LVS). The following three stocks offer high dividend yields, buttressed by robust cash flows, sustainable payout ratios and billions of dollars in profit. Quite often, they’re indulging in all three vices simultaneously. And people around the world crave gambling, booze and cigarettes. And let’s face it: saber rattling between the United States and a nuclear-armed North Korea, as underscored this week by President Trump’s confrontational speech at the United Nations, prompts people to seek escapism.įor long-term gains, you should invest in companies that provide products and services that people always want, in good times or bad. Fed Chair Janet Yellen this week indicated that the central bank would adopt a more hawkish stance toward interest rates, a signal that the party for the overall market could be over. Sin stocks are particularly attractive now, as the overvalued broader stock market starts to falter under the pressure of tighter Federal Reserve policy and worsening geopolitical uncertainty.Ĭompanies that make money from human vice tend to be correction and recession resistant. High-quality stocks in the “sin” category generate rock-solid income driven by persistent consumer demand.
But you don’t have to partake in these vices to profit from them.
Gambling, drinking and smoking: your mother warned you against all three habits.
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