Casino Stocks To Watch - March 2nd

On March 2nd, five casino stocks are catching the attention of investors: Flutter Entertainment, DraftKings, MGM Resorts International, Wynn Resorts, and PENN Entertainment. These companies primarily operate gambling facilities like casinos, resorts, and entertainment complexes, and their stock performances are influenced by consumer spending, regulatory environments, and broader economic trends.

Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company with operations in various regions including the UK, Ireland, Australia, and the US. The company is divided into four segments: UK & Ireland, Australia, International, and US. It provides a variety of products such as sports betting, gaming products, daily fantasy sports, and online racing wagering.

Recently, Flutter’s stock traded at $280.69 with a volume of 2,031,544 shares, surpassing its average of 1,463,442 shares. It has shown a 12-month range from a low of $174.03 to a high of $299.73.

DraftKings

DraftKings Inc. is noted for its digital sports entertainment and gaming services. The company offers online sports betting, casino gaming, daily fantasy sports, and media content across the United States.

On the trading day, DraftKings stock was priced at $43.86, with 6,212,866 shares traded, below its average volume. The stock has a 52-week range between $28.69 and $53.61.

MGM Resorts International

MGM Resorts International operates a chain of casino and hotel resorts across the U.S. and abroad through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resorts feature a blend of gaming, dining, entertainment, and retail.

MGM's stock reached $34.76, with trading volume around 4,439,901 shares. The company has a market cap of $9.93 billion and a P/E ratio of 14.48, with a 52-week price range of $31.61 to $48.24.

Wynn Resorts

Wynn Resorts, Limited specializes in designing and operating integrated luxury resorts. They manage operations through segments like Wynn Palace and Encore Boston Harbor, providing upscale gaming and hospitality locations.

The stock price for Wynn Resorts was $89.32, with a trading volume of 1,468,241 shares. Wynn has a market cap of $9.50 billion and a P/E ratio of 21.22, fluctuating between a low of $71.63 and a high of $110.38 in the last year.

PENN Entertainment

PENN Entertainment, Inc. offers a range of integrated entertainment and gaming experiences including sports content. The company runs operations through multiple segments across various U.S. regions.

PENN's stock rose to $21.51, with a trading volume of 5,811,247 shares. It has seen a price range over the past year from $13.50 to $23.08.

These five casino stocks present a variety of investment opportunities based on their business models and market conditions. As always, potential investors should conduct thorough research before making investment decisions.

Casino, Stocks, Investing, Entertainment, Finance