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Casino Stocks To Consider - October 22nd

DraftKings logo with Consumer Discretionary background

Key Points

  • DraftKings is highlighted as the most oversold stock in its history, making it a potential bargain according to MarketBeat's analysis.
  • The featured casino stocks include MGM Resorts, Red Rock Resorts, PENN Entertainment, and Super Group, all of which have shown significant trading volume recently.
  • Casino stocks are characterized as cyclical and volatile, often influenced by consumer spending, tourism, and regulatory factors, which poses higher risks for investors.
  • MarketBeat previews top five stocks to own in November.

DraftKings, MGM Resorts International, Red Rock Resorts, PENN Entertainment, and Super Group (SGHC) are the five Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares of publicly traded companies that operate gambling establishments (casinos, resorts, racetracks) or provide gaming-related services and technology, including online betting platforms. They tend to be cyclical and relatively volatile, with returns driven by consumer discretionary spending, tourism, regulation, and gaming margins, so investors view them as higher‑risk, sector‑specific plays. 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

Red Rock Resorts (RRR)

Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.

Read Our Latest Research Report on RRR

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

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

See Also

Should You Invest $1,000 in DraftKings Right Now?

Before you consider DraftKings, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DraftKings wasn't on the list.

While DraftKings currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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