Best Casino Stocks To Follow Now – May 13th

DraftKings, Flutter Entertainment, Wynn Resorts, MGM Resorts International, and International Game Technology 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, develop, or operate casinos and other gaming facilities. Their market value is driven by factors like gambling revenues, tourism trends, regulatory changes, and broader economic conditions. Investors often view them as cyclical and somewhat higher?risk equities due to the discretionary nature of gaming spending. 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.

DraftKings stock traded up $0.04 during trading on Tuesday, hitting $37.97. 4,873,025 shares of the company were exchanged, compared to its average volume of 9,835,524. The business’s 50 day moving average is $35.37 and its 200 day moving average is $39.31. DraftKings has a 52 week low of $28.69 and a 52 week high of $53.61. The company has a market capitalization of $33.53 billion, a P/E ratio of -35.82, a PEG ratio of 1.43 and a beta of 1.89. The company has a current ratio of 0.93, a quick ratio of 1.00 and a debt-to-equity ratio of 1.24.

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 NYSE FLUT traded down $1.80 during trading hours on Tuesday, reaching $245.43. 467,456 shares of the stock traded hands, compared to its average volume of 1,858,474. The company has a market capitalization of $43.36 billion and a P/E ratio of 84.92. The company’s 50-day simple moving average is $233.55 and its two-hundred day simple moving average is $253.90. Flutter Entertainment has a 52-week low of $174.03 and a 52-week high of $299.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

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.

Shares of NASDAQ WYNN traded up $1.01 during trading on Tuesday, reaching $96.17. The company had a trading volume of 857,506 shares, compared to its average volume of 2,496,752. Wynn Resorts has a 12-month low of $65.25 and a 12-month high of $107.81. The stock has a market cap of $10.05 billion, a PE ratio of 22.84, a P/E/G ratio of 2.35 and a beta of 1.33. The business’s 50-day moving average is $80.74 and its 200 day moving average is $85.70.

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.

MGM stock traded up $0.21 during trading on Tuesday, reaching $34.87. The stock had a trading volume of 1,439,363 shares, compared to its average volume of 5,684,899. MGM Resorts International has a 52 week low of $25.30 and a 52 week high of $47.26. The stock’s 50 day moving average is $30.64 and its two-hundred day moving average is $33.91. The company has a current ratio of 1.30, a quick ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a market cap of $9.49 billion, a PE ratio of 14.53, a PEG ratio of 0.98 and a beta of 1.78.

International Game Technology (IGT)

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.

IGT traded down $1.31 during midday trading on Tuesday, reaching $16.58. The company had a trading volume of 3,072,100 shares, compared to its average volume of 1,397,997. The company has a quick ratio of 2.31, a current ratio of 2.36 and a debt-to-equity ratio of 2.85. The business has a 50-day moving average of $16.43 and a two-hundred day moving average of $17.66. The company has a market cap of $3.35 billion, a P/E ratio of 27.63 and a beta of 1.61. International Game Technology has a 1 year low of $13.81 and a 1 year high of $24.13.