Top Casino Stocks To Follow Now – May 16th

Flutter Entertainment, DraftKings, Wynn Resorts, MGM Resorts International, and Churchill Downs are the five Casino stocks to watch today, according to MarketBeat’s stock screener tool. Casino stocks are shares of publicly traded companies that develop, own or operate casino resorts, gaming floors and related hospitality services. These equities can encompass both brick-and-mortar casino operators and online gambling platforms. Investors typically watch casino stocks for their sensitivity to consumer discretionary spending, economic cycles and regulatory developments. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

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.

NYSE FLUT traded up $5.65 during mid-day trading on Friday, reaching $249.75. 528,870 shares of the stock were exchanged, compared to its average volume of 1,857,519. Flutter Entertainment has a 1-year low of $174.03 and a 1-year high of $299.73. The business’s fifty day simple moving average is $233.60 and its 200 day simple moving average is $253.91. The stock has a market capitalization of $44.13 billion and a PE ratio of 86.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

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.

NASDAQ DKNG traded up $0.31 during mid-day trading on Friday, reaching $36.92. 2,661,813 shares of the stock were exchanged, compared to its average volume of 9,868,211. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.00 and a current ratio of 0.93. The stock has a market capitalization of $32.60 billion, a PE ratio of -34.84, a PEG ratio of 1.43 and a beta of 1.89. DraftKings has a 1-year low of $28.69 and a 1-year high of $53.61. The business’s fifty day simple moving average is $35.28 and its 200 day simple moving average is $39.29.

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 down $0.68 during trading hours on Friday, reaching $96.82. 511,666 shares of the stock traded hands, compared to its average volume of 2,514,587. The firm’s fifty day simple moving average is $81.27 and its two-hundred day simple moving average is $85.85. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.35 and a beta of 1.33. Wynn Resorts has a fifty-two week low of $65.25 and a fifty-two week high of $107.81.

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 down $0.38 during mid-day trading on Friday, hitting $34.01. 1,016,668 shares of the company were exchanged, compared to its average volume of 4,727,634. The company has a market capitalization of $9.26 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.78. The company has a current ratio of 1.30, a quick ratio of 1.26 and a debt-to-equity ratio of 1.73. MGM Resorts International has a twelve month low of $25.30 and a twelve month high of $47.26. The firm has a fifty day simple moving average of $30.81 and a 200 day simple moving average of $33.87.

Churchill Downs (CHDN)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.

CHDN stock traded down $0.12 during mid-day trading on Friday, hitting $97.72. 209,992 shares of the company were exchanged, compared to its average volume of 749,062. Churchill Downs has a twelve month low of $85.58 and a twelve month high of $150.21. The firm has a fifty day simple moving average of $102.38 and a 200 day simple moving average of $120.74. The company has a current ratio of 0.57, a quick ratio of 0.55 and a debt-to-equity ratio of 4.47. The company has a market capitalization of $7.06 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02.