Promising Casino Stocks to Research: March 8th

Five casino stocks are currently gaining attention in the market: DraftKings, Flutter Entertainment, MGM Resorts International, Wynn Resorts, and PENN Entertainment. These companies operate within the gambling sector, which includes casinos, resorts, and related entertainment services. The performance of these stocks is often tied to various factors such as consumer spending, tourism trends, and regulatory environments, making them responsive to economic shifts and discretionary spending behaviors. Recently, these companies recorded the highest trading volumes in the casino stock sector.

DraftKings (DKNG)

DraftKings Inc. functions as a digital sports entertainment and gaming company, offering online sports betting, casinos, daily fantasy sports, and media products, as well as retail sportsbooks. The company also designs and develops sports betting and casino gaming software for online and retail sportsbooks.

On Friday, NASDAQ:DKNG experienced a decrease of $0.69 in its trading price, closing at $39.41. The stock's trading volume was 20,415,107 shares, significantly higher than its average of 9,587,423. The company 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, DraftKings has seen a low of $28.69 and a high of $53.61, with its current moving averages standing at $42.06 for 50 days and $40.00 for 200 days. The market capitalization sits at $19.31 billion, with a price-to-earnings ratio of -37.18 and a beta of 2.07.

Flutter Entertainment (FLUT)

Flutter Entertainment plc accounts for a significant segment of the sports betting and gaming market in the UK, Ireland, Australia, the US, and other regions. It operates through UK & Ireland, Australia, International, and US segments, delivering sports betting, iGaming, daily fantasy sports, and online racing wagering products.

This stock traded down by $9.19 on Friday, reaching $248.02, supported by a trading volume of 3,095,753 to its average of 1,588,790 shares. Flutter has a debt-to-equity ratio of 0.66, alongside a quick ratio of 0.89. Its stock reflects a 52-week low of $174.03 and a high of $299.73, with moving averages of $267.23 (50 days) and $251.02 (200 days). The market cap is $44.02 billion, with a PE ratio of 1,127.38.

MGM Resorts International (MGM)

MGM Resorts International, through its subsidiaries, operates casinos, hotels, and entertainment resorts both in the US and globally. The company has three distinct segments: Las Vegas Strip Resorts, Regional Operations, and MGM China.

On Friday, MGM Resorts appreciated by $0.41, closing at $32.05. The trading volume reached 9,372,192 shares against an average of 5,181,714. This firm has a market capitalization of $9.15 billion and a price-to-earnings ratio of 13.35. The debt-to-equity ratio stands at 1.73, with a current ratio of 1.30. Over the past year, shares have fluctuated between a low of $30.69 and a high of $48.24, with current moving averages of $34.45 (50 days) and $36.58 (200 days).

Wynn Resorts (WYNN)

Wynn Resorts, Limited designs and operates integrated resorts, divided into segments such as Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. Its resorts feature private gaming salons, luxury hotel amenities, and various entertainment options.

The stock for Wynn Resorts traded up by $0.53, reaching $88.72 on Friday. Trading volume was 1,889,570 shares, slightly lower than the average of 2,729,193. The firm has a market cap of $9.44 billion with a PE ratio of 21.07. The 52-week range for this stock is $71.63 to $110.38, with moving averages of $85.35 (50 days) and $88.15 (200 days).

PENN Entertainment (PENN)

PENN Entertainment, Inc. provides integrated services in entertainment, sports content, and casino gaming across five segments: Northeast, South, West, Midwest, and Interactive. They operate online sports betting under brands like Hollywood Casino and theScore Bet.

PENN's stock dipped by $0.99 to reach $18.28. The share volume clocked in at 6,782,670, exceeding the average of 4,529,287 shares. The firm's market cap is $2.80 billion with a PE ratio of -5.15. Over the past year, it has seen fluctuations between $13.50 and $23.08, and moving averages stand at $20.41 (50 days) and $19.79 (200 days).

Stocks, Casino, Investing