Casino Stocks To Consider – June 6th

Flutter Entertainment, DraftKings, and Wynn Resorts are the three Casino stocks to watch today, according to MarketBeat’s stock screener tool. Casino stocks are shares of publicly traded companies whose primary business is operating casinos, gaming facilities, and related hospitality services. Investors buy these stocks to gain exposure to the gambling and entertainment sector, which can be sensitive to consumer discretionary spending and economic cycles. Regulatory environments and geographic concentration also play a significant role in the performance and risk profile of casino stocks. 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 $7.28 during trading on Friday, reaching $249.93. The company’s stock had a trading volume of 710,653 shares, compared to its average volume of 1,867,753. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $44.16 billion and a PE ratio of 86.53. The firm has a fifty day moving average of $236.36 and a 200 day moving average of $253.95. Flutter Entertainment has a one year low of $174.03 and a one year high of $299.73.

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.

Shares of DraftKings stock traded up $2.11 during trading on Friday, hitting $35.84. 4,753,361 shares of the stock traded hands, compared to its average volume of 9,711,285. The company has a quick ratio of 1.00, a current ratio of 0.93 and a debt-to-equity ratio of 1.24. The stock has a market cap of $31.87 billion, a price-to-earnings ratio of -33.76, a PEG ratio of 1.43 and a beta of 1.89. The firm’s fifty day moving average is $34.52 and its 200-day moving average is $38.91. DraftKings has a 52 week low of $28.69 and a 52 week high of $53.61.

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 Wynn Resorts stock traded up $0.52 during trading on Friday, hitting $83.76. 800,102 shares of the stock traded hands, compared to its average volume of 2,576,060. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.35 and a beta of 1.33. The firm’s fifty day moving average is $82.99 and its 200-day moving average is $85.84. Wynn Resorts has a 52 week low of $65.25 and a 52 week high of $107.81.