Promising Casino Stocks To Watch Now – October 15th

DraftKings, MGM Resorts International, and Melco Resorts & Entertainment are the three Casino stocks to watch today, according to MarketBeat’s stock screener tool. Casino stocks are shares of companies that operate casinos, gaming resorts, online gambling platforms, and related hospitality and entertainment services. They tend to be cyclical and sensitive to consumer discretionary spending, tourism, regulation, and broader economic conditions, so investors often view them as higher-volatility, higher-risk plays that can produce strong returns in good times but suffer in downturns. Colloquially, the term is also used to describe any speculative equity that behaves more like a gambling bet than a traditional investment. 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.

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.

Melco Resorts & Entertainment (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.