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Casino Stocks To Watch Today - August 11th

Sharplink Gaming logo with Consumer Discretionary background

Key Points

  • Five key casino stocks to watch include Sharplink Gaming, Flutter Entertainment, DraftKings, MGM Resorts International, and Wynn Resorts, all showing significant trading volumes recently.
  • Sharplink Gaming saw a sharp increase in its stock price, trading up $0.83 to $24.75, with a remarkable trading volume of 72,938,467 shares.
  • Flutter Entertainment climbed $5.27 to $285.86, while DraftKings and MGM Resorts experienced slight decreases, indicating mixed performance within the sector.
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Sharplink Gaming, Flutter Entertainment, DraftKings, MGM Resorts International, and Wynn Resorts are the five Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares of publicly traded companies that own and operate casinos, gaming resorts, and other gambling establishments. They give investors exposure to the gaming and hospitality sector, whose revenues can swing widely based on consumer discretionary spending, tourism trends, and regulatory developments. Because of these factors, casino stocks are often viewed as higher-risk, higher-potential-reward investments. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

Sharplink Gaming (SBET)

SharpLink Gaming, Inc. operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.

Shares of NASDAQ:SBET traded up $0.83 during trading on Monday, reaching $24.75. The company had a trading volume of 72,938,467 shares, compared to its average volume of 12,241,555. The firm's fifty day moving average is $22.43 and its 200 day moving average is $11.95. Sharplink Gaming has a twelve month low of $2.26 and a twelve month high of $124.12.

Read Our Latest Research Report on SBET

Flutter Entertainment (FLUT)

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.

Shares of FLUT traded up $5.27 during mid-day trading on Monday, hitting $285.86. 1,189,526 shares of the company's stock were exchanged, compared to its average volume of 2,350,462. Flutter Entertainment has a twelve month low of $183.18 and a twelve month high of $313.68. The firm has a fifty day moving average of $283.14 and a two-hundred day moving average of $260.20. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The stock has a market cap of $50.51 billion, a price-to-earnings ratio of 140.88, a P/E/G ratio of 1.12 and a beta of 2.31.

Read Our Latest Research Report on FLUT

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.

DraftKings stock traded down $0.15 during mid-day trading on Monday, reaching $42.73. The company had a trading volume of 3,447,137 shares, compared to its average volume of 10,420,320. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.82. DraftKings has a 52 week low of $29.29 and a 52 week high of $53.61. The company has a 50 day moving average of $41.49 and a 200-day moving average of $39.40. The firm has a market cap of $38.00 billion, a price-to-earnings ratio of -65.74, a PEG ratio of 1.25 and a beta of 1.70.

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.

Shares of MGM Resorts International stock traded down $0.03 during mid-day trading on Monday, reaching $34.15. 1,262,889 shares of the stock were exchanged, compared to its average volume of 5,406,869. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.61 and a beta of 1.81. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The firm has a 50-day simple moving average of $35.45 and a 200 day simple moving average of $33.47. MGM Resorts International has a fifty-two week low of $25.30 and a fifty-two week high of $42.53.

Read Our Latest Research Report on MGM

Wynn Resorts (WYNN)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

WYNN traded up $1.62 during midday trading on Monday, hitting $108.03. The company had a trading volume of 361,615 shares, compared to its average volume of 2,472,464. The company has a market capitalization of $11.23 billion, a PE ratio of 32.41, a P/E/G ratio of 2.94 and a beta of 1.41. Wynn Resorts has a twelve month low of $65.25 and a twelve month high of $112.36. The firm's 50-day simple moving average is $99.81 and its 200-day simple moving average is $89.76.

Read Our Latest Research Report on WYNN

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