Casino Stocks List

Compare casino stocks and their fundamentals, performance, price, and technicals. Use this free stock comparison tool to evaluate companies based on their analyst ratings, book value, debt, dividend, MarketRank, news sentiment, price performance, profitability, and more. Enter up to ten stock symbols separated by a comma or space (ex. BAC, JPM, WFC, C, GS).

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NASDAQ:CHDN NASDAQ:CZR NASDAQ:MCRI NASDAQ:MLCO NASDAQ:PENN NASDAQ:WYNN NYSE:BALY NYSE:BYD NYSE:LVS NYSE:MGM

Compare Stocks - Price & Volume

Company	Current Price	50-Day Moving Average	52-Week Range	Market Cap	Beta	Avg. Volume	Today's Volume
CHDN Churchill Downs	$123.19 -0.3%	$131.24	$89.17 ▼ $150.45	$9.22 B	1.09	389,490 shs	412,700 shs
CZR Caesars Entertainment	$54.88 -2.9%	$52.27	$31.31 ▼ $60.27	$11.82 B	2.91	2.89 million shs	2.22 million shs
MCRI Monarch Casino & Resort	$68.60 -0.3%	$69.75	$54.21 ▼ $85.67	$1.31 B	1.65	94,227 shs	42,500 shs
MLCO Melco Resorts & Entertainment	$12.00 -5.0%	$12.68	$4.72 ▼ $14.45	$5.34 B	1.21	3.36 million shs	2.64 million shs
PENN PENN Entertainment	$23.52 -6.4%	$25.37	$22.96 ▼ $39.35	$3.55 B	2.18	3.19 million shs	18.78 million shs
WYNN Wynn Resorts	$100.55 -3.5%	$105.36	$53.81 ▼ $117.86	$11.44 B	2.03	2.38 million shs	3.15 million shs
BALY Bally's	$14.90 -1.6%	$15.45	$13.09 ▼ $26.78	$679.89 M	1.93	319,282 shs	192,500 shs
BYD Boyd Gaming	$67.31 -0.6%	$68.89	$46.10 ▼ $73.00	$6.73 B	1.76	864,276 shs	736,100 shs
LVS Las Vegas Sands	$56.41 -1.7%	$58.15	$33.38 ▼ $65.58	$43.12 B	1.17	4.58 million shs	3.94 million shs
MGM MGM Resorts International	$45.83 -1.4%	$45.38	$29.20 ▼ $51.35	$16.08 B	2.07	4.39 million shs	4.77 million shs

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Price Performance

Company	1-Day Performance	7-Day Performance	30-Day Performance	90-Day Performance	1-Year Performance
CHDN Churchill Downs	0.00%	+2.29%	-8.11%	-15.57%	+14.03%
CZR Caesars Entertainment	0.00%	-1.03%	+4.18%	+23.49%	+6.83%
MCRI Monarch Casino & Resort	0.00%	+0.79%	-3.95%	+3.38%	+2.40%
MLCO Melco Resorts & Entertainment	0.00%	-6.69%	-12.85%	+3.54%	+127.27%
PENN PENN Entertainment	0.00%	-4.04%	-9.50%	-4.12%	-37.61%
WYNN Wynn Resorts	0.00%	-3.48%	-8.18%	-4.88%	+46.28%
BALY Bally's	0.00%	-0.20%	-3.37%	-4.91%	-42.18%
BYD Boyd Gaming	0.00%	+0.87%	-6.40%	-1.58%	+16.59%
LVS Las Vegas Sands	0.00%	-2.64%	-7.43%	-5.90%	+45.88%
MGM MGM Resorts International	0.00%	+1.87%	-5.04%	+7.36%	+28.74%

MarketRank™

Company	Overall Score	Analyst's Opinion	Short Interest Score	Dividend Strength	ESG Score	News and Social Media Sentiment	Company Ownership	Earnings & Valuation
CHDN Churchill Downs	2.4547 of 5 stars	2.4	3.0	3.3	2.8	3.2	0.0	2.5
CZR Caesars Entertainment	2.8296 of 5 stars	3.3	5.0	0.0	0.0	4.0	3.3	3.1
MCRI Monarch Casino & Resort	2.9988 of 5 stars	3.3	5.0	2.5	0.7	2.6	4.2	2.5
MLCO Melco Resorts & Entertainment	1.8104 of 5 stars	2.4	3.0	0.0	0.0	3.6	2.5	0.0
PENN PENN Entertainment	2.7227 of 5 stars	4.2	4.0	0.0	1.0	3.3	2.5	1.9
WYNN Wynn Resorts	2.2703 of 5 stars	3.4	3.0	0.8	0.0	2.5	2.5	1.9
BALY Bally's	2.0143 of 5 stars	3.1	1.0	0.0	0.0	2.0	3.3	1.3
BYD Boyd Gaming	2.5066 of 5 stars	2.4	4.0	1.7	1.7	2.6	4.2	1.9
LVS Las Vegas Sands	2.5722 of 5 stars	4.4	3.0	1.7	0.8	3.2	0.0	1.9
MGM MGM Resorts International	2.6731 of 5 stars	4.4	4.0	0.0	1.8	1.5	2.5	1.9

Analyst Ratings

Company	Consensus Rating Score	Consensus Rating	Consensus Price Target	% Upside from Current Price
CHDN Churchill Downs	2.83	Moderate Buy	$142.58	15.74% Upside
CZR Caesars Entertainment	2.50	Moderate Buy	$66.42	21.02% Upside
MCRI Monarch Casino & Resort	2.67	Moderate Buy	$89.00	29.74% Upside
MLCO Melco Resorts & Entertainment	2.80	Moderate Buy	$14.00	16.67% Upside
PENN PENN Entertainment	2.47	Hold	$36.72	56.13% Upside
WYNN Wynn Resorts	2.78	Moderate Buy	$124.50	23.82% Upside
BALY Bally's	2.20	Hold	$22.71	52.44% Upside
BYD Boyd Gaming	2.82	Moderate Buy	$77.00	14.40% Upside
LVS Las Vegas Sands	2.86	Moderate Buy	$70.81	25.52% Upside
MGM MGM Resorts International	2.73	Moderate Buy	$58.95	28.64% Upside

Current Analyst Ratings

Latest Casino Stocks Analyst Ratings

Date	Company	Brokerage	Action	Rating	Price Target
8/10/2023	PENN PENN Entertainment	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Price Target		$30.00 ➝ $29.00
8/10/2023	PENN PENN Entertainment	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Price Target	Equal Weight ➝ Equal Weight	$26.00 ➝ $27.00
8/10/2023	PENN PENN Entertainment	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Price Target	Buy ➝ Buy	$44.00 ➝ $38.00
8/10/2023	PENN PENN Entertainment	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$44.00
8/10/2023	PENN PENN Entertainment	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Price Target	Overweight ➝ Overweight	$33.00 ➝ $36.00
8/10/2023	PENN PENN Entertainment	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$33.00 ➝ $30.00
8/10/2023	PENN PENN Entertainment	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$56.00 ➝ $30.00
8/10/2023	WYNN Wynn Resorts	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Price Target	Buy ➝ Buy	$137.00 ➝ $150.00
8/4/2023	BALY Bally's	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Price Target	Equal Weight ➝ Equal Weight	$21.00 ➝ $20.00
8/4/2023	MGM MGM Resorts International	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Price Target		$63.00 ➝ $66.50
8/3/2023	MGM MGM Resorts International	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Price Target	Equal Weight ➝ Equal Weight	$48.00 ➝ $46.00

(Data available from 8/14/2020 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Sales & Book Value

Company	Annual Revenue	Price/Sales	Cashflow	Price/Cash	Book Value	Price/Book
CHDN Churchill Downs	$1.81B	5.10	$5.73 per share	21.49	$11.40 per share	10.81
CZR Caesars Entertainment	$10.82B	1.09	$5.95 per share	9.22	$21.68 per share	2.53
MCRI Monarch Casino & Resort	$477.87M	2.75	$7.11 per share	9.65	$25.17 per share	2.73
MLCO Melco Resorts & Entertainment	$1.35B	3.96	N/A	N/A	($1.40) per share	-8.57
PENN PENN Entertainment	$6.40B	0.55	$5.15 per share	4.57	$27.79 per share	0.85
WYNN Wynn Resorts	$3.76B	3.05	$1.89 per share	53.16	($13.24) per share	-7.59
BALY Bally's	$2.26B	0.30	$5.42 per share	2.75	$22.77 per share	0.65
BYD Boyd Gaming	$3.56B	1.89	$9.52 per share	7.07	$17.49 per share	3.85
LVS Las Vegas Sands	$4.11B	10.49	$0.30 per share	187.42	$5.44 per share	10.37
MGM MGM Resorts International	$13.13B	1.23	$12.98 per share	3.53	$13.78 per share	3.33

Profitability & Earnings

Company	Net Income	EPS	Trailing P/E Ratio	Forward P/E Ratio	P/E Growth	Net Margins	Return on Equity (ROE)	Return on Assets (ROA)	Next Earnings Date
CHDN Churchill Downs	$439.40M	$4.67	26.41	16.67	12.20	16.28%	53.61%	6.15%	10/25/2023 (Estimated)
CZR Caesars Entertainment	-$899M	$3.17	17.31	27.86	N/A	6.03%	5.71%	0.68%	11/7/2023 (Estimated)
MCRI Monarch Casino & Resort	$87.48M	$4.59	14.95	14.00	N/A	18.20%	18.01%	13.28%	10/18/2023 (Estimated)
MLCO Melco Resorts & Entertainment	-$930.53M	-$1.33	N/A	16.67	N/A	-26.77%	-559.31%	-6.02%	11/1/2023 (Estimated)
PENN PENN Entertainment	$222.10M	$4.38	5.37	28.34	7.86	11.24%	7.10%	1.60%	11/2/2023 (Estimated)
WYNN Wynn Resorts	-$423.86M	-$0.16	N/A	20.44	N/A	0.14%	N/A	-1.04%	11/8/2023 (Estimated)
BALY Bally's	-$425.55M	-$6.10	N/A	20.14	N/A	-14.16%	-7.85%	-1.19%	11/2/2023 (Estimated)
BYD Boyd Gaming	$639.38M	$6.91	9.74	10.25	1.52	19.61%	41.56%	10.88%	10/24/2023 (Estimated)
LVS Las Vegas Sands	$1.83B	$0.07	805.86	18.93	6.07	0.75%	5.73%	1.00%	10/18/2023 (Estimated)
MGM MGM Resorts International	$1.47B	$1.03	44.50	17.04	N/A	2.53%	2.10%	0.25%	11/1/2023 (Estimated)

Latest Casino Stocks Earnings

Date	Quarter	Company	Consensus Estimate	Reported EPS	Beat/Miss	Gap EPS	Revenue Estimate	Actual Revenue
8/9/2023	Q2 2023	PENN PENN Entertainment	$0.39	$0.48	+$0.09	$0.48	$1.66 billion	$1.67 billion
8/9/2023	Q2 23	WYNN Wynn Resorts	$0.51	$0.91	+$0.40	$0.98	$1.54 billion	$1.60 billion
8/2/2023	Q2 2023	MGM MGM Resorts International	$0.53	$0.59	+$0.06	$0.63	$3.82 billion	$3.94 billion
7/27/2023	Q2 2023	BYD Boyd Gaming	$1.56	$1.58	+$0.02	$1.27	$910.59 million	$916.95 million
7/26/2023	Q2 2023	CHDN Churchill Downs	$2.50	$2.24	-$0.26	$2.62	$792.70 million	$768.50 million
7/19/2023	6/30/2023	MCRI Monarch Casino & Resort	$1.18	$1.14	-$0.04	$1.14	$123.57 million	$123.68 million
7/19/2023	Q2 23	LVS Las Vegas Sands	$0.44	$0.46	+$0.02	$0.51	$2.41 billion	$2.54 billion

Dividends

Company	Annual Payout	Dividend Yield	3-Year Dividend Growth	Payout Ratio	Years of Consecutive Growth
CHDN Churchill Downs	$0.36	0.29%	+7.11%	7.72%	11 Years
CZR Caesars Entertainment	N/A	N/A	N/A	N/A	N/A
MCRI Monarch Casino & Resort	$1.20	1.75%	N/A	26.14%	N/A
MLCO Melco Resorts & Entertainment	N/A	N/A	N/A	N/A	N/A
PENN PENN Entertainment	N/A	N/A	N/A	N/A	N/A
WYNN Wynn Resorts	$1.00	0.99%	N/A	N/A	N/A
BALY Bally's	N/A	N/A	N/A	N/A	N/A
BYD Boyd Gaming	$0.64	0.95%	+40.20%	9.26%	1 Years
LVS Las Vegas Sands	$0.80	1.42%	N/A	1,142.86%	N/A
MGM MGM Resorts International	N/A	N/A	-73.21%	N/A	N/A

Latest Casino Stocks Dividends

Announcement	Company	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
8/9/2023	WYNN Wynn Resorts	Quarterly	$0.25	0.96%	8/18/2023	8/21/2023	8/31/2023
7/19/2023	LVS Las Vegas Sands	quarterly	$0.20	1.34%	8/7/2023	8/8/2023	8/16/2023

(Data available from 1/1/2013 forward)

Debt

Company	Debt-to-Equity Ratio	Current Ratio	Quick Ratio
CHDN Churchill Downs	5.33	0.90	0.90
CZR Caesars Entertainment	2.67	0.78	0.76
MCRI Monarch Casino & Resort	0.09	0.58	0.51
MLCO Melco Resorts & Entertainment	N/A	1.46	1.43
PENN PENN Entertainment	1.22	1.41	1.35
WYNN Wynn Resorts	N/A	3.23	3.05
BALY Bally's	3.19	0.78	0.76
BYD Boyd Gaming	1.66	0.84	0.80
LVS Las Vegas Sands	3.57	2.76	2.75
MGM MGM Resorts International	1.38	2.04	2.00

Ownership

Institutional Ownership

Company	Institutional Ownership
CHDN Churchill Downs	38.15%
CZR Caesars Entertainment	91.56%
MCRI Monarch Casino & Resort	61.21%
MLCO Melco Resorts & Entertainment	42.04%
PENN PENN Entertainment	85.27%
WYNN Wynn Resorts	63.65%
BALY Bally's	63.46%
BYD Boyd Gaming	68.68%
LVS Las Vegas Sands	39.66%
MGM MGM Resorts International	64.88%

Insider Ownership

Company	Insider Ownership
CHDN Churchill Downs	4.98%
CZR Caesars Entertainment	0.64%
MCRI Monarch Casino & Resort	24.56%
MLCO Melco Resorts & Entertainment	57.09%
PENN PENN Entertainment	1.80%
WYNN Wynn Resorts	0.62%
BALY Bally's	26.30%
BYD Boyd Gaming	27.94%
LVS Las Vegas Sands	0.91%
MGM MGM Resorts International	2.13%

Miscellaneous

Company	Employees	Shares Outstanding	Free Float	Optionable
CHDN Churchill Downs	7,000	74.87 million	71.14 million	Optionable
CZR Caesars Entertainment	21,000	215.29 million	213.91 million	Optionable
MCRI Monarch Casino & Resort	2,700	19.14 million	14.44 million	Optionable
MLCO Melco Resorts & Entertainment	16,908	445.09 million	190.99 million	Optionable
PENN PENN Entertainment	21,875	151.04 million	148.32 million	Optionable
WYNN Wynn Resorts	27,000	113.80 million	113.09 million	Optionable
BALY Bally's	10,500	45.63 million	33.63 million	Optionable
BYD Boyd Gaming	15,771	100.01 million	72.07 million	Optionable
LVS Las Vegas Sands	35,700	764.45 million	757.49 million	Optionable
MGM MGM Resorts International	46,000	350.89 million	343.42 million	Optionable

Casino Stocks Headlines

Source	Headline
	Caesars Palace and MGM Grand are among 7 Las Vegas hotels with bed bugs last year, health inspectors found yahoo.com - August 13 at 4:14 PM
	John Mcmanus Sells 10,000 Shares of MGM Resorts International (NYSE:MGM) Stock americanbankingnews.com - August 13 at 5:56 AM
	Las Vegas Strip brings back huge pop rock band residency finance.yahoo.com - August 11 at 10:33 PM
	Insider Sell: MGM Resorts International COO Corey Sanders Sells 25,000 Shares finance.yahoo.com - August 11 at 5:32 PM
	MGM Resorts International stock rises Thursday, outperforms market marketwatch.com - August 10 at 7:40 PM
	ESPN-Penn Sportsbook Deal Sends PENN Stock Soaring; DraftKings Tumbles finance.yahoo.com - August 8 at 6:07 PM
	Bruno Mars announces 5 additional shows in December at Park MGM msn.com - August 8 at 1:05 PM
	MGM Resorts International: Maintaining HOLD finance.yahoo.com - August 8 at 8:05 AM
	MGM Resorts International (NYSE:MGM) Upgraded to "Buy" at StockNews.com americanbankingnews.com - August 8 at 6:36 AM
	Wynn Resorts (WYNN) to Report Q2 Earnings: What's in Store? finance.yahoo.com - August 7 at 4:09 PM
	MGM China leveraging down to pre-Covid, FY24: Lucror ggrasia.com - August 7 at 6:42 AM
	Analysts Offer Insights on NA Companies: MGM Resorts (MGM) and Floor & Decor Holdings (FND) markets.businessinsider.com - August 7 at 1:33 AM
	MGM Resorts International (NYSE:MGM) Price Target Cut to $46.00 americanbankingnews.com - August 5 at 6:20 AM
	MGM Resorts International (NYSE:MGM) Trading Down 8.5% After Analyst Downgrade americanbankingnews.com - August 5 at 1:58 AM
	MGM Resorts International (NYSE:MGM) Raised to "Buy" at StockNews.com marketbeat.com - August 4 at 9:28 PM
	MGM Resorts International (NYSE:MGM) Announces Earnings Results americanbankingnews.com - August 4 at 8:48 AM
	MGM Resorts International (NYSE:MGM) Shares Sold by Robeco Institutional Asset Management B.V. marketbeat.com - August 4 at 5:36 AM
	Mengis Capital Management Inc. Makes New Investment in MGM Resorts International (NYSE:MGM) marketbeat.com - August 3 at 6:24 PM
	MGM Resorts looking ahead to A’s in the neighborhood, expecting boosts from F1 and Super Bowl 8newsnow.com - August 3 at 2:36 PM
	MGM Resorts (MGM) Q2 Earnings & Revenues Beat, Rise Y/Y finance.yahoo.com - August 3 at 2:36 PM
	MGM Resorts Beat Forecasts. High Expectations Weigh on the Stock. finance.yahoo.com - August 3 at 2:36 PM
	MGM Resorts International Q2 Profit Decreases, but beats estimates markets.businessinsider.com - August 3 at 9:35 AM
	MGM Resorts results beat expectations, but stock falls msn.com - August 3 at 9:35 AM
	MGM Resorts beats second-quarter profit estimates, but sees higher costs msn.com - August 3 at 9:35 AM

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Top Headlines

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Company Descriptions

Churchill Downs

NASDAQ:CHDN

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through Live and Historical Racing, TwinSpires, and Gaming segments. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sportsbooks; and casino gaming. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

Caesars Entertainment

NASDAQ:CZR

Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno. In addition, the company operates dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.

Monarch Casino & Resort

NASDAQ:MCRI

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was founded in 1972 and is based in Reno, Nevada.

Melco Resorts & Entertainment

NASDAQ: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. The company also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 280 gaming tables and 980 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,034 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. Melco Resorts & Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong. As of February 16, 2017, Melco Resorts & Entertainment Limited operates as a subsidiary of Melco Leisure and Entertainment Group Limited.

PENN Entertainment

NASDAQ:PENN

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet Sportbook and Casino. The company's portfolio also includes MyChoice, customer loyalty program, which offers a set of rewards and experiences for business channels. In addition, it owns various trademarks and service marks, including Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, L'Auberge, and M Resort. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

Wynn Resorts

NASDAQ: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. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was founded in 2002 and is based in Las Vegas, Nevada.

Bally's

NYSE:BALY

Bally's Corporation, a gaming, hospitality, and entertainment company, engages in casinos and resorts, and online gaming businesses in the United States. The company operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. It offers physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo games, sportsbook, daily fantasy sports, and free-to-play games. The company owns and manages Twin River Hotel in Lincoln, Rhode Island; Hard Rock Hotel & Casino in Biloxi, Mississippi; Tiverton Casino & Hotel in Tiverton, Rhode Island; Dover Casino Resort in Dover, Delaware; Black Hawk hotel in Black Hawk, Colorado; Kansas City Casino in Kansas City, Missouri; Vicksburg Casino in Vicksburg, Mississippi; Atlantic City Casino Resort in Atlantic City, New Jersey; Shreveport Casino & Hotel in Shreveport, Louisiana; Lake Tahoe Casino Resort in Lake Tahoe, Nevada; Evansville Casino & Hotel in Evansville, Indiana; Quad Cities Casino & Hotel in Rock Island, Illinois; and Arapahoe Park in Aurora, Colorado. The company was formerly known as Twin River Worldwide Holdings, Inc. and changed its name to Bally's Corporation in November 2020. Bally's Corporation was incorporated in 2004 and is headquartered in Providence, Rhode Island.

Boyd Gaming

NYSE:BYD

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. The company also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.

Las Vegas Sands

NYSE:LVS

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.

MGM Resorts International

NYSE:MGM

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. 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. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

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How to Invest in Casino Stocks

Last updated on Mon., May 22, 2023 | Dan Schmidt

Key Points

Casino stocks can be broken down based on location (domestic vs. international) or type of gaming (online vs. physical locations).
Softening regulatory conditions in the United States have provided tailwinds for the industry, especially those entering the sports betting market.
Casino stocks are volatile since each state has its own rules and changing customer preferences are forcing operators to reevaluate their practices.

Looking to score big with casino stocks? The house may have the edge when you sit at the table, but investors and casino operators have aligned interests in their stocks. Gambling is big business, and many of the world's largest companies are publicly traded, allowing investors to earn profits from casinos without ever playing a single hand.

But even the best casinos stocks can be volatile, and COVID-induced closures and restrictions ravaged the industry.

Are casino stocks a good buy? This article will explain the pros and cons of investing in the ultimate sin stocks.

Overview of Casino Stocks

Gambling has always been a touchy subject in America. Often associated with less-than-savory activity, gambling is only legal statewide in two places: Nevada and Louisiana. However, every state but Utah allows some form of gambling, whether a state lottery, casino or online sports betting.

The questionable regulatory status of gambling can create some confusing situations. For example, some states don't allow casino-style gaming but allow betting at horse racing tracks. Other states allow casinos but restrict sports betting. In New Jersey, you can bet on a horse race at age 18 but are allowed on the casino floor once you're 21. Confused yet?

Investors looking for the top casino stocks must stay on top of state laws and regulations.

The proliferation of online gambling has created another set of headaches for regulators. In the mid-2000s, poker games like Texas Hold 'Em began scoring big ratings on ESPN and other cable channels, leading to an explosion in online poker sites. However, online gambling isn't regulated the same way that physical gambling is at casinos and racetracks. Many online poker sites were offshore books with questionable legal status, and they shut U.S. customers out following the implementation of laws like the 2006 Unlawful Internet Gambling Enforcement Act.

Online gambling remains restricted in many areas, although the legalization of sports betting in 2018 has begun softening the stances of many federal and state regulators. One of the reasons for excitement about casino stocks is this attitude shift from both the public and regulators, which could allow operations to expand into states and territories that were previously inaccessible.

how to invest in casino stocks

Ways to Invest in Casino Stocks

Investors looking for casino stocks to buy can find shares traded on major exchanges like the NYSE and NASDAQ, including companies with international operations. Stocks in this sector can be broken down based on the following criteria.

Domestic Casino Operators

You'll likely recognize the names of many of the publicly-traded domestic casino stocks. These companies offer physical gambling locations, online casinos and sportsbooks in various states nationwide. If you've watched a single sporting event in the last few years, you're likely familiar with companies like DraftKings Inc. (NASDAQ: DKNG), which started as a daily fantasy sports site but expanded to online sports betting, slots and table games in 2018.

DraftKings currently operates in 18 states but has no physical locations. Caesar's Entertainment Inc. (NASDAQ: CZR) is a domestic operator with physical locations in Las Vegas, Atlantic City and other U.S. cities, plus online sports betting and casino games.

International Casino Operators

Casinos are also big business aboard, and nowhere do the lights shine brighter than the city of Macau, the special territory located just a short trip from Hong Kong off the coast of China. Macau is commonly known as the "Las Vegas of Asia." Many large publicly-traded companies operate casinos there. Las Vegas Sands Corp. (NYSE: LVS) has completely shut down U.S. venues and now operates solely in Macau and Singapore. Melco Resorts and Entertainment Ltd. (NASDAQ: MLCO) has several large casinos in Asia. Other operators like Wynn Resorts Ltd. (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) have physical casinos in Macau, Las Vegas and Atlantic City.

Gaming Technology and Product Makers

Many companies that supply casinos and sportsbooks are also publicly traded. For example, Light and Wonder Inc. (NASDAQ: LNW) makes gaming systems, technology and equipment for physical casinos and online gaming sites. International Game Technology PLC (NYSE: IGT) is a London-based company providing lottery systems and online wagering technology. Also on the technology side is Genius Sports Ltd. (NYSE: GENI), which collects data on gambling and sports betting and provides solutions for online sportsbooks and casinos.

Horse Tracks

One of the most celebrated gambling holidays is the Kentucky Derby, held annually on the first Saturday in May at Churchill Downs in Louisville. Believe it or not, Churchill Downs Inc. (NASDAQ: CHDN) is a public-traded entity that runs racing competitions at multiple tracks and offers online betting and casino games at various locations. Barstool Sports' parent company Penn Entertainment Inc. (NASDAQ: PENN), owns or manages tracks in Kansas, Texas, New Jersey, Pennsylvania and Illinois and Bally's Corp. (NYSE: BALY) operates a track in Colorado.

Casino and Gambling ETFs

If you need help deciding which casino stocks to buy, consider buying into the sector through exchange-traded funds (ETFs). The Roundhill Sports Betting and iGaming ETF (NYSE: BETZ) holds stocks of online sportsbooks, physical casinos and gaming systems developers. Another option is the iBet Sports Betting and Gaming ETF (NYSE: IBET), launched in 2021 and holds both casino and online sports betting stocks.

How to Invest in Casino Stocks

Looking to add casino stocks to your portfolio? Here's a guide to investing in the gambling industry.

Step 1: Determine the type of exposure you want.

Are you looking to invest in casinos based in the United States only? What about companies that operate physical locations versus online table games and sportsbooks? You'll need to decide which areas of the industry to invest in and which areas to avoid. Or you could go the ETF route and get broad exposure to the entire sector.

Step 2: Research stocks and build an investment plan.

Constructing an investment plan is your next step. You'll need to perform due diligence on the stocks and ETFs that fit your investing criteria and decide when and how to buy them. An investment blueprint can set groundlines for your positions and prevent emotional trading. Review the companies you want to purchase and ensure they have solid balance sheets, good management and a plan for future growth.

Step 3: Determine how much capital you can put into a casino investment.

Putting too much capital into a single investment or stock can be a recipe for disaster. So before buying any casino stocks, figure out how much capital to devote to your investment. Consider your other investments and personal risk tolerance when deciding on the amount of capital to put toward these companies.

Once you've got a plan of attack, look for good spots to enter your trade and build your positions. Most casino stocks trade on the NYSE and NASDAQ, so they won't be hard to find. If you're trading for short-term purposes, using technical analysis can be a good way to get the best possible purchase price. Concepts like support and resistance are useful when searching for ideal entry points, so be sure to familiarize yourself with these trading techniques.

Step 5: Monitor your investments and buy or sell based on your parameters.

One of the benefits of buying broad-market index funds is that when you buy the whole market, you don't need to keep track of individual stock prices. But when buying shares of a particular industry or asset class, especially those as volatile as casino stocks, you'll need to watch your investments constantly. Stick to the goals of your investment plan and sell shares when your profit goals are reached (or if your losses exceed the limit you devised in the plan).

Pros and Cons of Investing in Casino Stocks

Casino stocks have benefits and drawbacks investors should be aware of before purchasing any shares. Here are a few thoughts to keep in mind when building your portfolio:

Pros

The benefits of investing in casino stocks include the following:

Growing market: The 2018 legalization of sports betting set off an arms race among new entrants and legacy casino operators to access a growing market. U.S. commercial gambling revenue topped $60 billion in 2022, setting a new record for the industry.
Softening legal stance: One of the reasons for the industry's explosive growth is the removal of the stigma regarding gambling. States are opening their arms to casinos, wagering and sports betting in ways not seen in a century, and while regulatory headwinds remain, the outlook from a legal standpoint is bright.

Cons

On the other hand, it's still worth considering these downsides:

Headache regulations: Each state has its own rules and regulations regarding lotteries, casinos and sports betting, which creates many problems for operators seeking to expand into new jurisdictions. Mindsets might change, but the industry will always cut through red tape at the state and federal levels.
Changing customer preferences: Physical casinos are losing steam as customers frequently can access table games like blackjack, poker, roulette and craps from their mobile phones. Atlantic City has seen many casinos like Revel and the Taj Mahal close in recent years, with others pleading for tax support to prevent shutdowns.
Morality concerns: Casino stocks certainly won't appear in any ESG funds. Betting is a divisive topic, and gambling addiction is frequent and devastating. Additionally, animal rights activists have long targeted horse racing for the treatment horses receive during training and races.

Future of Casino Stocks

Optimism is the word for the future of casino stocks. Now that COVID-19 restrictions have faded, casinos have resumed operating as normal, and gambling laws have become more friendly as states legalize sports betting and allow more physical casinos to be built. You no longer have to fly to Las Vegas or Atlantic City to sit at a blackjack table. Companies that can leverage these trends and understand the new regulatory framework will have the most success.

Betting Big Can Have Mixed Results

The casino industry is excited to bring new gambling ventures to the public as regulations become less restrictive, but a bright future doesn't mean a straight path upward. Casino stocks will inevitably have ups and downs over the next few years. Changing customer trends will force many casino operators to reevaluate their business models, and current locations in Atlantic City will remain under pressure. You may find it tougher to pick winners in this sector than horses at the racetrack, so research and risk tolerance are important factors to consider when deciding which casino stocks to buy.

FAQs

Here are a few frequently asked questions from investors looking for the best casino stocks:

Which casino stock is best?

The best casino stocks depend on your goals and risk tolerance as an investor. An ETF is likely the safest course of action if you want broad exposure. But some companies are better managed than others, so quality research could reveal the outperformers.

Can you buy shares of a casino?

Many casinos are owned or managed by publicly-traded companies which trade on the NYSE and NASDAQ. You can't own shares of a particular casino, but you can invest in the companies that run them.

What are the top three gambling stocks?

Picking the top three gambling stocks depends on your point of view and goals as an investor. Consider your investment criteria and decide which factors matter most in your stock research.

About Dan Schmidt

Contributing Author: Stocks, Fundamental and Technical Analysis

Dan is an accomplished finance writer with previous experience creating content for Vanguard, Capital One, Benzinga and PerformLine. A 2008 graduate of Penn State University's journalism program, Dan currently resides in the Philadelphia area with his wife and two cats. When he's not writing about finance, Dan enjoys weight lifting, playing poker and arguing with his fellow Phillies fans about Rhys Hoskins.

Contact Dan Schmidt via email at dan.schmidt7@gmail.com.

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Churchill Downs

Caesars Entertainment

Monarch Casino & Resort

Melco Resorts & Entertainment

PENN Entertainment

Wynn Resorts

Bally's

Boyd Gaming

Las Vegas Sands

MGM Resorts International

Recent casino Headlines

Top Headlines

How to Invest in Casino Stocks

Key Points

Overview of Casino Stocks

Ways to Invest in Casino Stocks

Domestic Casino Operators

International Casino Operators

Gaming Technology and Product Makers

Horse Tracks

Casino and Gambling ETFs

How to Invest in Casino Stocks

Step 1: Determine the type of exposure you want.

Step 2: Research stocks and build an investment plan.

Step 3: Determine how much capital you can put into a casino investment.

Step 4: Find an entry point and purchase shares.

Step 5: Monitor your investments and buy or sell based on your parameters.

Pros and Cons of Investing in Casino Stocks

Pros

Cons

Future of Casino Stocks

Betting Big Can Have Mixed Results

FAQs

Which casino stock is best?

Can you buy shares of a casino?

What are the top three gambling stocks?

About Dan Schmidt

Contributing Author: Stocks, Fundamental and Technical Analysis