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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
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A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
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Casino Stocks List

Compare Stocks - Price & Volume

CompanyCurrent Price50-Day Moving Average52-Week RangeMarket CapBetaAvg. VolumeToday's Volume
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
$134.93
-0.5%
$120.99
$104.22
$150.45
$10.07 B1.05309,495 shs255,004 shs
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
$46.88
-2.0%
$44.58
$38.33
$60.27
$10.11 B2.843.83 million shs2.18 million shs
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
$69.15
-0.7%
$64.34
$56.25
$83.42
$1.32 B1.677,886 shs47,057 shs
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
$8.87
-0.4%
$7.95
$6.80
$14.45
$3.95 B1.13.44 million shs2.35 million shs
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
$26.02
-2.2%
$23.95
$18.35
$36.26
$3.95 B2.164.71 million shs3.37 million shs
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
$91.11
-0.7%
$88.04
$80.10
$117.86
$10.29 B1.911.85 million shs1.14 million shs
Bally's Co. stock logo
BALY
Bally's
$13.94
-2.7%
$11.58
$7.28
$21.45
$635.97 M2.06498,872 shs287,098 shs
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
$62.61
-0.7%
$59.21
$52.42
$73.00
$6.13 B1.69903,300 shs1.06 million shs
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
$49.21
+0.2%
$47.92
$43.77
$65.58
$37.36 B1.135.08 million shs3.24 million shs
MGM Resorts International stock logo
MGM
MGM Resorts International
$44.68
-0.8%
$40.21
$32.62
$51.35
$15.26 B2.144.50 million shs2.63 million shs
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Price Performance

Company1-Day Performance7-Day Performance30-Day Performance90-Day Performance1-Year Performance
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
0.00%+0.43%+16.55%+16.28%+30.07%
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
0.00%+0.13%+4.83%+1.14%+17.23%
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
0.00%+0.74%+9.97%+11.35%-7.59%
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
0.00%+1.03%+27.08%-10.31%-20.94%
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
0.00%+3.71%+5.94%+13.38%-8.09%
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
0.00%+0.76%+7.92%-1.41%+13.76%
Bally's Co. stock logo
BALY
Bally's
0.00%-3.13%+21.01%+6.33%-23.28%
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
+0.03%+0.76%+6.05%+2.93%+18.13%
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
0.00%+0.59%+6.75%+7.35%+6.56%
MGM Resorts International stock logo
MGM
MGM Resorts International
+0.01%+0.68%+13.29%+21.55%+37.77%

MarketRank™

CompanyOverall ScoreAnalyst's OpinionShort Interest ScoreDividend StrengthESG ScoreNews and Social Media SentimentCompany OwnershipEarnings & Valuation
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
2.5023 of 5 stars
2.53.03.32.83.01.71.9
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
2.6867 of 5 stars
4.35.00.00.03.13.31.3
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
2.3042 of 5 stars
2.23.02.50.73.33.31.9
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
2.0963 of 5 stars
3.43.00.00.02.81.70.6
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
2.2324 of 5 stars
4.32.00.01.03.23.30.0
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
2.0808 of 5 stars
3.42.01.70.01.61.71.9
Bally's Co. stock logo
BALY
Bally's
2.2746 of 5 stars
3.22.00.00.01.55.01.3
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
2.4543 of 5 stars
3.41.02.51.73.33.31.3
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
2.6286 of 5 stars
3.44.01.70.83.70.82.5
MGM Resorts International stock logo
MGM
MGM Resorts International
2.7397 of 5 stars
4.43.00.01.81.92.52.5

Analyst Ratings

CompanyConsensus Rating ScoreConsensus RatingConsensus Price Target% Upside from Current Price
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
3.00
Buy$142.435.56% Upside
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
2.60
Moderate Buy$65.6440.01% Upside
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
2.33
Hold$76.3310.39% Upside
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
2.75
Moderate Buy$16.5086.02% Upside
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
2.50
Moderate Buy$33.3528.18% Upside
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
2.78
Moderate Buy$122.0033.90% Upside
Bally's Co. stock logo
BALY
Bally's
2.33
Hold$17.5726.05% Upside
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
2.82
Moderate Buy$76.1821.68% Upside
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
2.87
Moderate Buy$68.9740.15% Upside
MGM Resorts International stock logo
MGM
MGM Resorts International
2.80
Moderate Buy$56.3526.11% Upside

Current Analyst Ratings

Latest Casino Stocks Analyst Ratings

DateCompanyBrokerageActionRatingPrice TargetDetails
12/15/2023
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoveragePositive$15.00
12/15/2023
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoveragePositive$105.00
12/15/2023
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeOverweight ➝ Equal Weight$71.00 ➝ $66.00
12/15/2023
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoveragePositive$59.00
12/11/2023
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy ➝ Buy$33.00
12/5/2023
MGM Resorts International stock logo
MGM
MGM Resorts International
Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy ➝ Buy$55.00
11/29/2023
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy ➝ Buy$83.00
11/20/2023
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeNeutral ➝ Buy$27.00 ➝ $30.00
11/17/2023
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingBuy ➝ Buy$33.00
11/16/2023
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower Price TargetEqual Weight ➝ Equal Weight$109.00 ➝ $107.00
11/16/2023
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost Price TargetBuy ➝ Buy$71.00 ➝ $77.00
(Data available from 12/31/2020 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Sales & Book Value

CompanyAnnual RevenuePrice/SalesCashflowPrice/CashBook ValuePrice/Book
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
$1.81B5.56$5.73 per share23.54$7.37 per share18.31
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
$10.82B0.93$5.95 per share7.88$17.48 per share2.68
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
$477.87M2.76$7.11 per share9.72$28.42 per share2.43
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
$1.35B2.92N/AN/A($0.71) per share-12.49
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
$6.55B0.60$5.15 per share5.05$23.06 per share1.13
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
$3.76B2.74$1.89 per share48.17($14.48) per share-6.29
Bally's Co. stock logo
BALY
Bally's
$2.26B0.28$5.42 per share2.57$14.83 per share0.94
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
$3.56B1.72$9.53 per share6.57$15.24 per share4.11
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
$4.11B9.09$0.30 per share163.50$4.78 per share10.29
MGM Resorts International stock logo
MGM
MGM Resorts International
$13.13B1.16$12.99 per share3.44$13.57 per share3.29

Profitability & Earnings

CompanyNet IncomeEPSTrailing P/E RatioForward P/E RatioP/E GrowthNet MarginsReturn on Equity (ROE)Return on Assets (ROA)Next Earnings Date
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
$439.40M$4.7128.6522.99N/A15.15%49.33%5.73%2/28/2024 (Estimated)
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
-$899M$3.2714.3448.83N/A6.16%5.94%0.75%2/20/2024 (Estimated)
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
$87.48M$4.4115.6815.03N/A17.55%18.03%13.34%2/13/2024 (Estimated)
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
-$930.53M-$0.84N/A28.61N/A-12.35%N/A-3.46%3/6/2024 (Estimated)
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
$222.10M-$1.14N/A173.471.36-1.70%8.67%1.97%2/1/2024 (Estimated)
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
-$423.86M$0.081,139.0219.72N/A0.58%-6.80%0.81%2/14/2024 (Estimated)
Bally's Co. stock logo
BALY
Bally's
-$425.55M-$7.26N/A154.89N/A-16.43%-14.89%-2.09%2/22/2024 (Estimated)
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
$639.38M$6.799.2210.313.9918.89%38.87%10.42%2/1/2024 (Estimated)
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
$1.83B$0.8855.9217.213.787.81%21.05%3.80%1/24/2024 (Estimated)
MGM Resorts International stock logo
MGM
MGM Resorts International
$1.47B$2.9415.2018.24N/A7.23%18.04%2.03%2/14/2024 (Estimated)

Latest Casino Stocks Earnings

DateQuarterCompanyConsensus EstimateReported EPSBeat/MissGap EPSRevenue EstimateActual RevenueDetails
11/9/2023Q3 23
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
$0.79$0.99+$0.20$3.01$1.58 billion$1.67 billion    
11/8/2023Q3 2023
MGM Resorts International stock logo
MGM
MGM Resorts International
$0.52$0.64+$0.12$0.82$3.86 billion$3.97 billion      
11/7/2023Q3 2023
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
$0.02-$0.03-$0.05-$0.02$1.03 billion$1.02 billion    
11/2/2023Q3 2023
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
$0.33$1.21+$0.88$7.22$1.61 billion$1.62 billion
11/1/2023Q3 2023
Bally's Co. stock logo
BALY
Bally's
-$0.12-$1.15-$1.03-$1.15$634.49 million$632.50 million      
10/31/2023Q3 2023
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
$0.27$0.34+$0.07$0.34$2.94 billion$2.99 billion    
10/25/2023Q3 2023
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
$0.84$0.87+$0.03$0.95$568.55 million$572.50 million      
10/24/2023Q3 2023
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
$1.44$1.36-$0.08$1.38$873.36 million$903.16 million
10/18/2023Q3 2023
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
$1.46$1.38-$0.08$1.53$135.27 million$132.97 million
10/18/202309/30/2023
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
$0.55$0.55N/A$0.60$2.72 billion$2.80 billion      

Dividends

CompanyAnnual PayoutDividend Yield3-Year Dividend GrowthPayout RatioYears of Consecutive Growth
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
$0.380.28%+7.11%8.07%13 Years
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
N/AN/AN/AN/AN/A
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
$1.201.74%N/A27.21%N/A
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
N/AN/AN/AN/AN/A
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
N/AN/AN/AN/AN/A
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
$1.001.10%N/A1,250.16%N/A
Bally's Co. stock logo
BALY
Bally's
N/AN/AN/AN/AN/A
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
$0.641.02%+40.20%9.43%1 Years
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
$0.801.63%N/A90.91%N/A
MGM Resorts International stock logo
MGM
MGM Resorts International
N/AN/A-73.21%N/AN/A

Latest Casino Stocks Dividends

AnnouncementCompanyPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/7/2023
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
quarterly$0.161.1%12/21/202312/22/20231/15/2024
11/30/2023
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
Annual$0.38200.35%11/30/202312/1/20231/5/2024
11/9/2023
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
quarterly$0.251.1%11/17/202311/20/202311/30/2023
10/16/2023
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
quarterly$0.201.7%11/6/202311/7/202311/15/2023
(Data available from 1/1/2013 forward)

Debt

CompanyDebt-to-Equity RatioCurrent RatioQuick Ratio
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
5.24
0.55
0.55
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
2.58
0.73
0.71
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
0.02
0.54
0.48
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
N/A
1.65
1.63
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
1.47
1.42
1.41
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
N/A
2.66
2.61
Bally's Co. stock logo
BALY
Bally's
3.82
0.65
0.64
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
1.62
0.80
0.77
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
2.82
1.50
1.50
MGM Resorts International stock logo
MGM
MGM Resorts International
1.47
1.78
1.73

Ownership

Miscellaneous

CompanyEmployeesShares OutstandingFree FloatOptionable
Churchill Downs Incorporated stock logo
CHDN
Churchill Downs
7,00074.60 million70.88 millionOptionable
Caesars Entertainment, Inc. stock logo
CZR
Caesars Entertainment
21,000215.71 million214.33 millionOptionable
Monarch Casino & Resort, Inc. stock logo
MCRI
Monarch Casino & Resort
2,70019.07 million14.39 millionOptionable
Melco Resorts & Entertainment Limited stock logo
MLCO
Melco Resorts & Entertainment
16,908445.09 million190.99 millionOptionable
PENN Entertainment, Inc. stock logo
PENN
PENN Entertainment
21,875151.76 million149.03 millionOptionable
Wynn Resorts, Limited stock logo
WYNN
Wynn Resorts
27,000112.95 million112.25 millionOptionable
Bally's Co. stock logo
BALY
Bally's
10,50045.62 million33.62 millionOptionable
Boyd Gaming Co. stock logo
BYD
Boyd Gaming
15,77197.86 million70.52 millionOptionable
Las Vegas Sands Corp. stock logo
LVS
Las Vegas Sands
35,700759.15 million752.24 millionOptionable
MGM Resorts International stock logo
MGM
MGM Resorts International
46,000341.58 million334.31 millionOptionable

Casino Stocks Headlines

SourceHeadline
A tale of 2 casino ransomware attacks: One paid out, one did notA tale of 2 casino ransomware attacks: One paid out, one did not
msn.com - December 28 at 12:25 PM
Global Retirement Partners LLC Has $101,000 Holdings in MGM Resorts International (NYSE:MGM)Global Retirement Partners LLC Has $101,000 Holdings in MGM Resorts International (NYSE:MGM)
marketbeat.com - December 28 at 4:46 AM
Las Vegas Strip casinos double down on unpopular pricing moveLas Vegas Strip casinos double down on unpopular pricing move
finance.yahoo.com - December 23 at 8:17 PM
MGM Resorts International (NYSE:MGM) Given Consensus Recommendation of "Moderate Buy" by BrokeragesMGM Resorts International (NYSE:MGM) Given Consensus Recommendation of "Moderate Buy" by Brokerages
americanbankingnews.com - December 23 at 4:40 AM
MGM Dec 2023 46.000 putMGM Dec 2023 46.000 put
ca.finance.yahoo.com - December 22 at 10:53 PM
Self-parking rates increased at all MGM Resorts propertiesSelf-parking rates increased at all MGM Resorts properties
reviewjournal.com - December 22 at 5:52 PM
MGM makes donation to safer gambling bodyMGM makes donation to safer gambling body
intergameonline.com - December 22 at 7:52 AM
FBI develops tool to combat group responsible for MGM cyberattackFBI develops tool to combat group responsible for MGM cyberattack
reviewjournal.com - December 21 at 3:08 PM
Wedge Capital Management L L P NC Acquires Shares of 867,876 MGM Resorts International (NYSE:MGM)Wedge Capital Management L L P NC Acquires Shares of 867,876 MGM Resorts International (NYSE:MGM)
marketbeat.com - December 21 at 8:42 AM
Contrasting SJM (OTCMKTS:SJMHF) & MGM Resorts International (NYSE:MGM)Contrasting SJM (OTCMKTS:SJMHF) & MGM Resorts International (NYSE:MGM)
americanbankingnews.com - December 21 at 1:56 AM
MGM Resorts (MGM) BetMGM, NHL Extend Multi-Year PartnershipMGM Resorts' (MGM) BetMGM, NHL Extend Multi-Year Partnership
finance.yahoo.com - December 20 at 12:50 PM
Federal officials unveil tool to help cyber attack victimsFederal officials unveil tool to help cyber attack victims
ktnv.com - December 20 at 7:50 AM
Why MGM Resorts Stock Jumped TodayWhy MGM Resorts Stock Jumped Today
msn.com - December 20 at 7:50 AM
BETMGM AND NATIONAL HOCKEY LEAGUE ANNOUNCE MULTI-YEAR NORTH AMERICAN PARTNERSHIP EXTENSIONBETMGM AND NATIONAL HOCKEY LEAGUE ANNOUNCE MULTI-YEAR NORTH AMERICAN PARTNERSHIP EXTENSION
finance.yahoo.com - December 19 at 10:40 AM
John Mcmanus Sells 10,000 Shares of MGM Resorts International (NYSE:MGM) StockJohn Mcmanus Sells 10,000 Shares of MGM Resorts International (NYSE:MGM) Stock
marketbeat.com - December 14 at 6:36 PM
Virginia Retirement Systems ET AL Makes New Investment in MGM Resorts International (NYSE:MGM)Virginia Retirement Systems ET AL Makes New Investment in MGM Resorts International (NYSE:MGM)
marketbeat.com - December 14 at 5:29 AM
New art museum at MGM Macau is part of level 2 rejigNew art museum at MGM Macau is part of level 2 rejig
ggrasia.com - December 12 at 9:25 AM
MGM Resorts CEO Bill Hornbuckle’s view from the topMGM Resorts CEO Bill Hornbuckle’s view from the top
igamingbusiness.com - December 12 at 9:25 AM
MGM Resorts International (NYSE:MGM) is Jones Road Capital Management L.P.s 4th Largest PositionMGM Resorts International (NYSE:MGM) is Jones Road Capital Management L.P.'s 4th Largest Position
marketbeat.com - December 11 at 10:43 AM
Why Is MGM (MGM) Up 4.2% Since Last Earnings Report?Why Is MGM (MGM) Up 4.2% Since Last Earnings Report?
msn.com - December 8 at 1:17 PM
MGM Resorts: Market Misses This Outstanding Value Buy Despite Ongoing PerformanceMGM Resorts: Market Misses This Outstanding Value Buy Despite Ongoing Performance
seekingalpha.com - December 7 at 7:06 PM
MGM Grand Detroit Casino Workers Vote to Ratify ContractMGM Grand Detroit Casino Workers Vote to Ratify Contract
msn.com - December 5 at 5:56 PM
BetMGM CEO and CFO to participate in 2023 Morgan Stanley Global Consumer and Retail ConferenceBetMGM CEO and CFO to participate in 2023 Morgan Stanley Global Consumer and Retail Conference
finance.yahoo.com - December 5 at 5:56 PM
Maroon 5 Announces 2024 Dates for Las Vegas Residency at Park MGMMaroon 5 Announces 2024 Dates for Las Vegas Residency at Park MGM
broadwayworld.com - December 5 at 12:55 PM

New MarketBeat Followers Over Time

Media Sentiment Over Time

Top Headlines

All Headlines

Company Descriptions

Churchill Downs logo

Churchill Downs

NASDAQ:CHDN
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through Live and Historical Racing, TwinSpires, and Gaming segments. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sportsbooks; and casino gaming. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Caesars Entertainment logo

Caesars Entertainment

NASDAQ:CZR
Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno. In addition, the company operates dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.
Monarch Casino & Resort logo

Monarch Casino & Resort

NASDAQ:MCRI
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was founded in 1972 and is based in Reno, Nevada.
Melco Resorts & Entertainment logo

Melco Resorts & Entertainment

NASDAQ:MLCO
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 280 gaming tables and 980 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,034 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. Melco Resorts & Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong. As of February 16, 2017, Melco Resorts & Entertainment Limited operates as a subsidiary of Melco Leisure and Entertainment Group Limited.
PENN Entertainment logo

PENN Entertainment

NASDAQ:PENN
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet Sportbook and Casino. The company's portfolio also includes MyChoice, customer loyalty program, which offers a set of rewards and experiences for business channels. In addition, it owns various trademarks and service marks, including Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, L'Auberge, and M Resort. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
Wynn Resorts logo

Wynn Resorts

NASDAQ:WYNN
Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was founded in 2002 and is based in Las Vegas, Nevada.
Bally

Bally's

NYSE:BALY
Bally's Corporation, a gaming, hospitality, and entertainment company, engages in casinos and resorts, and online gaming businesses in the United States. The company operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. It offers physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo games, sportsbook, daily fantasy sports, and free-to-play games. The company owns and manages Twin River Hotel in Lincoln, Rhode Island; Hard Rock Hotel & Casino in Biloxi, Mississippi; Tiverton Casino & Hotel in Tiverton, Rhode Island; Dover Casino Resort in Dover, Delaware; Black Hawk hotel in Black Hawk, Colorado; Kansas City Casino in Kansas City, Missouri; Vicksburg Casino in Vicksburg, Mississippi; Atlantic City Casino Resort in Atlantic City, New Jersey; Shreveport Casino & Hotel in Shreveport, Louisiana; Lake Tahoe Casino Resort in Lake Tahoe, Nevada; Evansville Casino & Hotel in Evansville, Indiana; Quad Cities Casino & Hotel in Rock Island, Illinois; and Arapahoe Park in Aurora, Colorado. The company was formerly known as Twin River Worldwide Holdings, Inc. and changed its name to Bally's Corporation in November 2020. Bally's Corporation was incorporated in 2004 and is headquartered in Providence, Rhode Island.
Boyd Gaming logo

Boyd Gaming

NYSE:BYD
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. The company also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.
Las Vegas Sands logo

Las Vegas Sands

NYSE:LVS
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.
MGM Resorts International logo

MGM Resorts International

NYSE:MGM
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

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Key Points

  • Casino stocks can be broken down based on location (domestic vs. international) or type of gaming (online vs. physical locations).
  • Softening regulatory conditions in the United States have provided tailwinds for the industry, especially those entering the sports betting market.
  • Casino stocks are volatile since each state has its own rules and changing customer preferences are forcing operators to reevaluate their practices.

Looking to score big with casino stocks? The house may have the edge when you sit at the table, but investors and casino operators have aligned interests in their stocks. Gambling is big business, and many of the world's largest companies are publicly traded, allowing investors to earn profits from casinos without ever playing a single hand. 

But even the best casinos stocks can be volatile, and COVID-induced closures and restrictions ravaged the industry. 

Are casino stocks a good buy? This article will explain the pros and cons of investing in the ultimate sin stocks.

Overview of Casino Stocks

Gambling has always been a touchy subject in America. Often associated with less-than-savory activity, gambling is only legal statewide in two places: Nevada and Louisiana. However, every state but Utah allows some form of gambling, whether a state lottery, casino or online sports betting.

The questionable regulatory status of gambling can create some confusing situations. For example, some states don't allow casino-style gaming but allow betting at horse racing tracks. Other states allow casinos but restrict sports betting. In New Jersey, you can bet on a horse race at age 18 but are allowed on the casino floor once you're 21. Confused yet? 

Investors looking for the top casino stocks must stay on top of state laws and regulations.

The proliferation of online gambling has created another set of headaches for regulators. In the mid-2000s, poker games like Texas Hold 'Em began scoring big ratings on ESPN and other cable channels, leading to an explosion in online poker sites. However, online gambling isn't regulated the same way that physical gambling is at casinos and racetracks. Many online poker sites were offshore books with questionable legal status, and they shut U.S. customers out following the implementation of laws like the 2006 Unlawful Internet Gambling Enforcement Act.

Online gambling remains restricted in many areas, although the legalization of sports betting in 2018 has begun softening the stances of many federal and state regulators. One of the reasons for excitement about casino stocks is this attitude shift from both the public and regulators, which could allow operations to expand into states and territories that were previously inaccessible.

how to invest in casino stocks

Ways to Invest in Casino Stocks

Investors looking for casino stocks to buy can find shares traded on major exchanges like the NYSE and NASDAQ, including companies with international operations. Stocks in this sector can be broken down based on the following criteria.

Domestic Casino Operators

You'll likely recognize the names of many of the publicly-traded domestic casino stocks. These companies offer physical gambling locations, online casinos and sportsbooks in various states nationwide. If you've watched a single sporting event in the last few years, you're likely familiar with companies like DraftKings Inc. (NASDAQ: DKNG), which started as a daily fantasy sports site but expanded to online sports betting, slots and table games in 2018. 

DraftKings currently operates in 18 states but has no physical locations. Caesar's Entertainment Inc. (NASDAQ: CZR) is a domestic operator with physical locations in Las Vegas, Atlantic City and other U.S. cities, plus online sports betting and casino games.

International Casino Operators

Casinos are also big business aboard, and nowhere do the lights shine brighter than the city of Macau, the special territory located just a short trip from Hong Kong off the coast of China. Macau is commonly known as the "Las Vegas of Asia." Many large publicly-traded companies operate casinos there. Las Vegas Sands Corp. (NYSE: LVS) has completely shut down U.S. venues and now operates solely in Macau and Singapore. Melco Resorts and Entertainment Ltd. (NASDAQ: MLCO) has several large casinos in Asia. Other operators like Wynn Resorts Ltd. (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) have physical casinos in Macau, Las Vegas and Atlantic City. 

Gaming Technology and Product Makers

Many companies that supply casinos and sportsbooks are also publicly traded. For example, Light and Wonder Inc. (NASDAQ: LNW) makes gaming systems, technology and equipment for physical casinos and online gaming sites. International Game Technology PLC (NYSE: IGT) is a London-based company providing lottery systems and online wagering technology. Also on the technology side is Genius Sports Ltd. (NYSE: GENI), which collects data on gambling and sports betting and provides solutions for online sportsbooks and casinos.

Horse Tracks

One of the most celebrated gambling holidays is the Kentucky Derby, held annually on the first Saturday in May at Churchill Downs in Louisville. Believe it or not, Churchill Downs Inc. (NASDAQ: CHDN) is a public-traded entity that runs racing competitions at multiple tracks and offers online betting and casino games at various locations. Barstool Sports' parent company Penn Entertainment Inc. (NASDAQ: PENN), owns or manages tracks in Kansas, Texas, New Jersey, Pennsylvania and Illinois and Bally's Corp. (NYSE: BALY) operates a track in Colorado.

Casino and Gambling ETFs

If you need help deciding which casino stocks to buy, consider buying into the sector through exchange-traded funds (ETFs). The Roundhill Sports Betting and iGaming ETF (NYSE: BETZ) holds stocks of online sportsbooks, physical casinos and gaming systems developers. Another option is the iBet Sports Betting and Gaming ETF (NYSE: IBET), launched in 2021 and holds both casino and online sports betting stocks.

How to Invest in Casino Stocks

Looking to add casino stocks to your portfolio? Here's a guide to investing in the gambling industry.

Step 1: Determine the type of exposure you want.

Are you looking to invest in casinos based in the United States only? What about companies that operate physical locations versus online table games and sportsbooks? You'll need to decide which areas of the industry to invest in and which areas to avoid. Or you could go the ETF route and get broad exposure to the entire sector.

Step 2: Research stocks and build an investment plan.

Constructing an investment plan is your next step. You'll need to perform due diligence on the stocks and ETFs that fit your investing criteria and decide when and how to buy them. An investment blueprint can set groundlines for your positions and prevent emotional trading. Review the companies you want to purchase and ensure they have solid balance sheets, good management and a plan for future growth.

Step 3: Determine how much capital you can put into a casino investment.

Putting too much capital into a single investment or stock can be a recipe for disaster. So before buying any casino stocks, figure out how much capital to devote to your investment. Consider your other investments and personal risk tolerance when deciding on the amount of capital to put toward these companies.

Step 4: Find an entry point and purchase shares.

Once you've got a plan of attack, look for good spots to enter your trade and build your positions. Most casino stocks trade on the NYSE and NASDAQ, so they won't be hard to find. If you're trading for short-term purposes, using technical analysis can be a good way to get the best possible purchase price. Concepts like support and resistance are useful when searching for ideal entry points, so be sure to familiarize yourself with these trading techniques.

Step 5: Monitor your investments and buy or sell based on your parameters.

One of the benefits of buying broad-market index funds is that when you buy the whole market, you don't need to keep track of individual stock prices. But when buying shares of a particular industry or asset class, especially those as volatile as casino stocks, you'll need to watch your investments constantly. Stick to the goals of your investment plan and sell shares when your profit goals are reached (or if your losses exceed the limit you devised in the plan).

Pros and Cons of Investing in Casino Stocks

Casino stocks have benefits and drawbacks investors should be aware of before purchasing any shares. Here are a few thoughts to keep in mind when building your portfolio:

Pros

The benefits of investing in casino stocks include the following: 

  • Growing market: The 2018 legalization of sports betting set off an arms race among new entrants and legacy casino operators to access a growing market. U.S. commercial gambling revenue topped $60 billion in 2022, setting a new record for the industry.
  • Softening legal stance: One of the reasons for the industry's explosive growth is the removal of the stigma regarding gambling. States are opening their arms to casinos, wagering and sports betting in ways not seen in a century, and while regulatory headwinds remain, the outlook from a legal standpoint is bright.

Cons

On the other hand, it's still worth considering these downsides:

  • Headache regulations: Each state has its own rules and regulations regarding lotteries, casinos and sports betting, which creates many problems for operators seeking to expand into new jurisdictions. Mindsets might change, but the industry will always cut through red tape at the state and federal levels.
  • Changing customer preferences: Physical casinos are losing steam as customers frequently can access table games like blackjack, poker, roulette and craps from their mobile phones. Atlantic City has seen many casinos like Revel and the Taj Mahal close in recent years, with others pleading for tax support to prevent shutdowns. 
  • Morality concerns: Casino stocks certainly won't appear in any ESG funds. Betting is a divisive topic, and gambling addiction is frequent and devastating. Additionally, animal rights activists have long targeted horse racing for the treatment horses receive during training and races.

Future of Casino Stocks

Optimism is the word for the future of casino stocks. Now that COVID-19 restrictions have faded, casinos have resumed operating as normal, and gambling laws have become more friendly as states legalize sports betting and allow more physical casinos to be built. You no longer have to fly to Las Vegas or Atlantic City to sit at a blackjack table. Companies that can leverage these trends and understand the new regulatory framework will have the most success.

Betting Big Can Have Mixed Results

The casino industry is excited to bring new gambling ventures to the public as regulations become less restrictive, but a bright future doesn't mean a straight path upward. Casino stocks will inevitably have ups and downs over the next few years. Changing customer trends will force many casino operators to reevaluate their business models, and current locations in Atlantic City will remain under pressure. You may find it tougher to pick winners in this sector than horses at the racetrack, so research and risk tolerance are important factors to consider when deciding which casino stocks to buy.

FAQs

Here are a few frequently asked questions from investors looking for the best casino stocks:

Which casino stock is best?

The best casino stocks depend on your goals and risk tolerance as an investor. An ETF is likely the safest course of action if you want broad exposure. But some companies are better managed than others, so quality research could reveal the outperformers.

Can you buy shares of a casino?

Many casinos are owned or managed by publicly-traded companies which trade on the NYSE and NASDAQ. You can't own shares of a particular casino, but you can invest in the companies that run them.

What are the top three gambling stocks?

Picking the top three gambling stocks depends on your point of view and goals as an investor. Consider your investment criteria and decide which factors matter most in your stock research.

Dan Schmidt

About Dan Schmidt

  • dan.schmidt7@gmail.com

Contributing Author

Stocks, Fundamental and Technical Analysis

Experience

Dan has been a contributing writer for MarketBeat since 2022.

Areas of Expertise

Stocks, investing, markets, financial planning, credit cards, debt consolidation 

Education

Penn State University, technical writing certification from the University of Wisconsin

Past Experience

Vanguard, Capital One, Benzinga, Fora Financial

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