Free Trial

Promising Casino Stocks To Add to Your Watchlist - October 23rd

DraftKings logo with Consumer Discretionary background

Key Points

  • DraftKings, MGM Resorts International, and PENN Entertainment are currently the top casino stocks to watch, experiencing the highest trading volume in recent days.
  • DraftKings is described as the most oversold it has ever been, indicating a potential buying opportunity for investors.
  • MGM Resorts operates several segments including Las Vegas Strip Resorts and MGM China, providing a variety of gaming and entertainment experiences.
  • Five stocks to consider instead of DraftKings.

DraftKings, MGM Resorts International, and PENN Entertainment are the three Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares of companies that own and operate gambling venues, online gaming platforms, and related hospitality businesses, whose revenues depend on gaming activity, tourism, and discretionary consumer spending. Investors view them as cyclical and regulatory‑sensitive, and the term is also used informally to describe speculative, high‑risk investments likened to gambling. 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

Read More

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

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.