Spending on entertainment and travel has exploded post-pandemic and Las Vegas has been one of the beneficiaries. That's made MGM Resorts (MGM -0.49%) into a cash-flow machine, but it's just getting started with Macao's recovery on an upswing and a resort in Japan under construction. In this video, Travis Hoium shows why this is a very undervalued stock.

*Stock prices used were end-of-day prices of Feb. 2, 2024. The video was published on Feb. 5, 2024.