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Promising Casino Stocks Worth Watching - August 19th

Sharplink Gaming logo with Consumer Discretionary background

Key Points

  • The article highlights three casino stocks to watch: Sharplink Gaming, Flutter Entertainment, and DraftKings, which have exhibited high dollar trading volume recently.
  • Casino stocks are influenced by factors such as consumer spending, tourism trends, and regulatory environments, offering both growth potential and associated risks.
  • Each company has diversified operations, with Sharplink focusing on sports betting technology, Flutter on sports betting and gaming products, and DraftKings on digital sports entertainment and gaming services.
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Sharplink Gaming, Flutter Entertainment, and DraftKings are the three Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares of publicly traded companies that own, manage or finance casino and gaming facilities. They offer investors exposure to the gaming and hospitality industry, where revenues depend on consumer spending, tourism trends and regulatory environments. Like most leisure-sector equities, casino stocks can deliver growth through market expansion and diversification (for example into online gaming) but also carry risks from regulation, competition and economic cycles. 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.

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.

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.

Read Our Latest Research Report on DKNG

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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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