Casino Stocks To Research - October 4th

Key Points

• MarketBeat identifies DraftKings, MGM Resorts, Melco Resorts, PENN Entertainment, and Super Group as key casino stocks to watch due to their high trading volumes and speculative nature.
• These casino stocks are characterized by high volatility and risk, driven by hype rather than solid financial fundamentals, making them appealing for short-term trading.
• DraftKings Inc. continues to grow in the digital sports betting sector, focusing on online sports betting, casino games, and consumer products, with a recent surge attributed to the football season.

DraftKings, MGM Resorts International, Melco Resorts & Entertainment, PENN Entertainment, and Super Group (SGHC) are the five Casino stocks to watch today, according to MarketBeat's stock screener tool. “Casino stocks” are highly speculative equities whose prices are driven more by hype, momentum, or rumor than by solid financial fundamentals. Often including penny shares, late-stage start-ups, or meme-driven names, these stocks exhibit extreme volatility and carry a high risk of steep losses. Investors in casino stocks are essentially gambling on short-term price swings rather than assessing long-term business value. 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

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

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

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