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Casino Stocks To Add to Your Watchlist - March 16th

DraftKings logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat's screener flagged DraftKings (DKNG), MGM Resorts (MGM), and PENN Entertainment (PENN) as the casino stocks to watch after they posted the highest dollar trading volume among casino companies in recent days.
  • “Casino stocks” are described as highly speculative and volatile, often driven by momentum, short-term news, and sensitive to consumer spending and regulatory shifts rather than only fundamentals.
  • Business focuses: DraftKings is a digital sports-betting and iGaming operator, MGM runs casino-resort and entertainment properties, and PENN operates regional casinos plus online betting brands like ESPN BET and theScore Bet.
  • Five stocks we like better than DraftKings.

DraftKings, MGM Resorts International, and PENN Entertainment are the three Casino stocks to watch today, according to MarketBeat's stock screener tool. "Casino stocks" commonly refers to shares that investors treat like gambling — highly speculative, volatile, and often driven by momentum, hype, or short-term news rather than underlying fundamentals. The phrase can also be used literally for stocks of companies that operate casinos and gambling businesses, which have revenue streams sensitive to consumer spending and regulatory changes. 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

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

See Also

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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