Promising Casino Stocks to Research - March 8th

DraftKings, Flutter Entertainment, MGM Resorts International, Wynn Resorts, and PENN Entertainment are five casino stocks currently attracting attention according to MarketBeat's stock screener tool. These stocks represent shares of companies involved in the gambling sector, including casinos, resorts, and related entertainment offerings. Their market performance can be significantly affected by consumer spending patterns, trends in tourism, and various regulatory factors, which makes these stocks sensitive to economic shifts and changes in discretionary spending. Recently, these companies recorded the highest dollar trading volumes among casino stocks.

DraftKings (DKNG)

DraftKings Inc. is a digital sports entertainment and gaming company operating both domestically and internationally. It provides services such as online sports betting, casino gaming, daily fantasy sports, and various consumer products, as well as retail sportsbook operations. DraftKings is also involved in creating and developing sports betting and casino gaming software for both online platforms and retail sportsbooks, catering to iGaming operators.

On the market, NASDAQ:DKNG dipped by $0.69, ending at $39.41 on the last trading day. The trading volume reached 20,415,107 shares, surpassing its typical volume of 9,587,423 shares. DraftKings has a debt-to-equity ratio of 1.24, a quick ratio of 1.00, and a current ratio of 0.93. Over the past year, the stock has experienced a low of $28.69 and a high of $53.61. The 50-day moving average price stands at $42.06, while the two-hundred day moving average is $40.00. DraftKings holds a market capitalization of $19.31 billion, with a PE ratio of -37.18 and a PEG ratio of 1.43, and a beta of 2.07.

Flutter Entertainment (FLUT)

Flutter Entertainment plc functions as a sports betting and gaming entity with operations in multiple regions, including the UK, Ireland, Australia, the United States, Italy, and beyond. The company is organized into four segments: UK & Ireland, Australia, International, and US. It provides a range of products, including sports betting, iGaming, daily fantasy sports, and online racing wagering, along with other gaming offerings.

On Friday, NYSE:FLUT saw a decline of $9.19, closing at $248.02, with a trading volume of 3,095,753 shares—significantly above its average volume of 1,588,790 shares. This company has a debt-to-equity ratio of 0.66, with quick and current ratios both at 0.89. Over the year, the stock recorded a low of $174.03 and a high of $299.73. The 50-day moving average price is $267.23, and the two-hundred day moving average stands at $251.02. Flutter Entertainment's market capitalization is $44.02 billion, with a notably high PE ratio of 1,127.38.

MGM Resorts International (MGM)

MGM Resorts International, through its various subsidiaries, owns and manages casinos, hotels, and entertainment resorts in the United States and internationally. It operates through three primary segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Their resorts offer various facilities, including gaming, accommodations, dining, entertainment options, and retail services.

On Friday, shares of MGM Resorts moved up by $0.41 to reach $32.05, with a trading volume of 9,372,192 shares, compared to an average of 5,181,714 shares. The firm has a market cap of $9.15 billion, a PE ratio of 13.35, a P/E/G ratio of 0.98, and a beta of 2.18. MGM has a debt-to-equity ratio of 1.73, and its current and quick ratios are at 1.30 and 1.26, respectively. The stock has shown a 1-year low of $30.69 and a high of $48.24, with a 50-day moving average price of $34.45 and a two-hundred day moving average of $36.58.

Wynn Resorts (WYNN)

Wynn Resorts, Limited specializes in designing, developing, and operating integrated resorts. It operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment features private gaming salons, sky casinos, luxury accommodations, health and leisure facilities, dining, shopping, and event spaces.

On the trading floor, shares of Wynn Resorts rose by $0.53, closing at $88.72. The trading volume was recorded at 1,889,570 shares, lower than the average of 2,729,193 shares. The market capitalization of the company is $9.44 billion, with a PE ratio of 21.07, a P/E/G ratio of 2.35, and a beta of 1.76. The stock has a 50-day moving average price of $85.35 and a two-hundred day moving average of $88.15. Wynn has experienced a 1-year low of $71.63 and a high of $110.38.

PENN Entertainment (PENN)

PENN Entertainment, Inc., through its subsidiaries, offers integrated entertainment, sports content, and casino gaming experiences. The company is segmented into the Northeast, South, West, Midwest, and Interactive sections. It provides online sports betting services across various regions and operates iCasino brands like Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino.

PENN shares declined by $0.99, closing at $18.28. The company reported a trading volume of 6,782,670 shares, above its average of 4,529,287. Its market cap stands at $2.80 billion, with a PE ratio of -5.15 and a P/E/G ratio of 1.55. The debt-to-equity ratio is 2.34, while both current and quick ratios are at 0.94. The firm has a 50-day moving average price of $20.41 and a two-hundred day moving average price of $19.79, with a 1-year low of $13.50 and a high of $23.08.

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This article aims to provide insights into the casino stock market, focusing on performance metrics and investment potential. It is essential for investors to conduct thorough research based on their financial strategies.

Casino, Investing, Stocks