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Casino Stocks To Follow Now - October 8th

DraftKings logo with Consumer Discretionary background

Key Points

  • MarketBeat highlights DraftKings, MGM Resorts International, PENN Entertainment, Melco Resorts & Entertainment, and Super Group as the top five casino stocks to watch due to their recent high trading volumes.
  • Casino stocks are characterized by extreme volatility and speculative appeal, as investors often rely on the potential for major payoffs rather than steady fundamentals.
  • DraftKings is noted for its significant performance boost during the football season, reflecting the impact of sports events on online gaming companies.
  • MarketBeat previews top five stocks to own in November.

DraftKings, MGM Resorts International, PENN Entertainment, Melco Resorts & Entertainment, and Super Group (SGHC) are the five Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are equities characterized by extreme volatility and speculative appeal, likened to placing chips on a casino table. They often include companies with uncertain or binary event–driven catalysts—early-stage biotech firms awaiting trial results or resource explorers drilling for deposits, for example. Investors in casino stocks are essentially gambling on a major payoff rather than relying on steady, predictable fundamentals. 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

Melco Resorts & Entertainment (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.

Read Our Latest Research Report on MLCO

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

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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