Best Casino Stocks To Follow Now – August 5th

Sharplink Gaming, Flutter Entertainment, DraftKings, MGM Resorts International, and Wynn Resorts are the five Casino stocks to watch today, according to MarketBeat’s stock screener tool. Casino stocks are shares issued by companies that own and operate gambling venues—such as land-based casinos, integrated resort hotels, and online gaming platforms. Their performance is closely tied to consumer discretionary spending, tourism trends and regulatory changes, which can lead to both significant volatility and growth opportunities. Investors typically evaluate factors like property location, digital‐gaming expansion and shifts in gaming legislation when assessing these equities. 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.

Shares of SBET traded up $0.15 during mid-day trading on Tuesday, hitting $19.29. 12,207,749 shares of the company’s stock were exchanged, compared to its average volume of 10,872,370. The firm has a fifty day moving average of $24.98 and a two-hundred day moving average of $11.48. Sharplink Gaming has a twelve month low of $2.26 and a twelve month high of $124.12.

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 down $2.33 during trading hours on Tuesday, reaching $301.58. The company’s stock had a trading volume of 736,163 shares, compared to its average volume of 2,310,672. Flutter Entertainment has a one year low of $180.07 and a one year high of $309.77. The business’s 50-day moving average is $279.02 and its 200-day moving average is $259.27. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $53.29 billion, a price-to-earnings ratio of 104.15, a price-to-earnings-growth ratio of 1.11 and a beta of 2.31.

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 DKNG traded down $0.27 during trading hours on Tuesday, hitting $44.78. 3,402,452 shares of the company were exchanged, compared to its average volume of 10,263,645. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $39.82 billion, a PE ratio of -53.83, a PEG ratio of 1.47 and a beta of 1.70. The firm’s 50 day moving average is $40.75 and its 200-day moving average is $39.30. DraftKings has a 52 week low of $29.29 and a 52 week high of $53.61.

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 Resorts International stock traded down $0.47 during trading hours on Tuesday, reaching $35.04. 2,400,445 shares of the company were exchanged, compared to its average volume of 5,449,594. MGM Resorts International has a 12 month low of $25.30 and a 12 month high of $42.53. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.15 and a beta of 1.81. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock has a 50-day moving average of $35.21 and a 200 day moving average of $33.42.

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.

NASDAQ:WYNN traded up $0.62 during midday trading on Tuesday, reaching $107.67. The stock had a trading volume of 428,322 shares, compared to its average volume of 2,476,080. The stock has a market capitalization of $11.26 billion, a P/E ratio of 29.90, a PEG ratio of 2.98 and a beta of 1.41. Wynn Resorts has a 1-year low of $65.25 and a 1-year high of $112.36. The firm’s fifty day simple moving average is $98.52 and its 200-day simple moving average is $89.15.