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Best Casino Stocks To Follow Now - May 5th

DraftKings logo with Consumer Discretionary background
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Key Points

  • MarketBeat's stock screener flags five casino names to watch today: DraftKings (DKNG), MGM Resorts (MGM), Rush Street Interactive (RSI), Super Group (SGHC), and PENN Entertainment (PENN), each among the highest dollar trading-volume casino stocks in recent days.
  • Casino stocks are cyclical and often volatile, because they depend on consumer discretionary spending, tourism, competition and regulatory changes, which can amplify both gains and losses.
  • Company focus: DraftKings is primarily digital sports betting and iGaming; MGM runs casino-resort properties; Rush Street and Super Group operate online casino/sports-betting platforms across the Americas and Europe; PENN combines regional casinos with interactive brands like ESPN BET and theScore.
  • MarketBeat previews top five stocks to own in June.

DraftKings, MGM Resorts International, Rush Street Interactive, Super Group (SGHC), and PENN Entertainment are the five Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares of publicly traded companies whose core businesses are operating casinos, gaming resorts, or gambling-related services (including online gaming and sports betting). They are typically cyclical and sensitive to consumer discretionary spending, tourism, competition, and regulatory changes, which can make them more volatile than defensive sectors. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

DraftKings (DKNG)

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.

Read Our Latest Research Report on DKNG

MGM Resorts International (MGM)

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. 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.

Read Our Latest Research Report on MGM

Rush Street Interactive (RSI)

Rush Street Interactive, Inc. operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.

Read Our Latest Research Report on RSI

Super Group (SGHC) (SGHC)

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.

Read Our Latest Research Report on SGHC

PENN Entertainment (PENN)

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.

Read Our Latest Research Report on PENN

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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