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Casino Stocks To Follow Today - October 16th

DraftKings logo with Consumer Discretionary background

Key Points

  • DraftKings, MGM Resorts International, and Super Group (SGHC) are the top casino stocks to monitor today, having recorded the highest trading volume recently.
  • DraftKings is noted as being the most oversold it has ever been, which may present a buying opportunity for investors.
  • MGM Resorts International operates a diverse range of casino, hotel, and entertainment resorts across various markets, including those in Las Vegas and China.
  • Interested in DraftKings? Here are five stocks we like better.

DraftKings, MGM Resorts International, and Super Group (SGHC) are the three Casino stocks to watch today, according to MarketBeat's stock screener tool. "Casino stocks" commonly refers to the publicly traded shares of companies that own or operate casinos, integrated resorts, and related gaming services, whose revenues depend on gaming, hospitality, and tourism. Investors also use the term more loosely or pejoratively to describe any highly volatile, speculative equities that are traded more like bets than long‑term investments. 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

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

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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.

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