Considering investing in casino stocks? While the best casino stocks depend on your portfolio and investment goals, we've identified some casino stocks that are worth keeping an eye on in the gambling and entertainment sector. Keep reading to learn more about casino stocks and how to start investing.
7 popular casino stocks to watch
We round up a selection of stocks in or related to the gambling and entertainment industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on Qtrade |
|---|---|---|---|---|---|
| Scientific Games Corporation (SGMS.US) | (data unavailable) | $5.6 billion (USD) | NASDAQ | (data unavailable) | |
| Everi (EVRI.US) | 4.55% | $1.2 billion (USD) | NYSE | 1,510,547 | |
| MGM Resorts International (MGM.US) | -1.79% | $9.2 billion (USD) | NYSE | 4,755,678 | |
| Wynn Resorts (WYNN.US) | 28.59% | $11.8 billion (USD) | NASDAQ | 1,238,400 | |
| Eldorado Resorts (ERI.US) | (data unavailable) | $3.8 billion (USD) | NASDAQ | (data unavailable) | |
| Penn National Gaming (PENN.US) | -36.37% | $1.9 billion (USD) | NASDAQ | 4,400,142 | |
| Caesars Entertainment Corporation (CZR.US) | -41.74% | $4.7 billion (USD) | NASDAQ | 6,421,151 |
What to look for when investing in casino stock
The gambling and entertainment industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering casino stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in casino stock
- Research the gambling and entertainment industry. Before investing, learn about the casino stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the casino stock(s) to buy. Search by company name or ticker symbol, like SGMS or DKNG. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy casino stocks
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Are casino stocks a good investment?
While it's possible to turn a profit investing in casino stocks, keep in mind that—like any investment—casino stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the gambling and entertainment industry, so carefully vet your picks before you invest.What are the best casino stocks?
A lot of factors go into picking the best casino stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong casino stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular casino stocks in or related to the gambling and entertainment industry to help narrow down your options:
- Scientific Games Corporation (SGMS)
- Everi (EVRI)
- MGM Resorts International (MGM)
- Wynn Resorts (WYNN)
- Eldorado Resorts (ERI)
- Penn National Gaming (PENN)
- Caesars Entertainment Corporation (CZR)
Keep in mind that this is not a "best" list or a recommendation. It highlights some casino stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each casino stock below. Keep reading to decide if any of these companies are the right investment for you.
Scientific Games Corporation (SGMS)
Scientific Games Corporation, doing business as Light & Wonder Inc. , develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games.
| Market Capitalization | $5.6 billion |
|---|---|
| Gross profit (TTM) | $1.5 billion |
| Profit margin | 17.23% |
| Revenue (TTM) | $2.2 billion |
| Earnings per share (TTM) | $3.79 |
Everi (EVRI)
Everi Holdings Inc. develops and supplies game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, Australia, and internationally. It operates through Games and Financial Technology Solutions segments.
| Closing stock price | $14.24 |
|---|---|
| Market Capitalization | $1.2 billion |
| Gross profit (TTM) | $590.4 million |
| Profit margin | 1.92% |
| Revenue (TTM) | $749.9 million |
| Earnings per share (TTM) | $0.16 |
| 52-week stock price range | $13.17 – $14.25 |
MGM Resorts International (MGM)
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. The company operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. It operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms.
| Closing stock price | $33.54 |
|---|---|
| Market Capitalization | $9.2 billion |
| Gross profit (TTM) | $7.7 billion |
| Profit margin | 0.40% |
| Revenue (TTM) | $17.3 billion |
| Earnings per share (TTM) | $0.20 |
| 52-week stock price range | $25.30 – $41.32 |
Wynn Resorts (WYNN)
Wynn Resorts, Limited designs, develops, and operates integrated resorts. It 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 displays.
| Closing stock price | $107.45 |
|---|---|
| Market Capitalization | $11.8 billion |
| Gross profit (TTM) | $4.9 billion |
| Profit margin | 7.09% |
| Revenue (TTM) | $7.1 billion |
| Earnings per share (TTM) | $4.51 |
| 52-week stock price range | $64.80 – $134.72 |
Eldorado Resorts (ERI)
Caesars Entertainment, Inc. operates as a casino-entertainment company in the United States. The company operates resorts primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names.
| Market Capitalization | $3.8 billion |
|---|---|
| Gross profit (TTM) | $1.3 billion |
| Profit margin | -13.58% |
| Revenue (TTM) | $1.9 billion |
| Earnings per share (TTM) | $1.20 |
Penn National Gaming (PENN)
PENN Entertainment, Inc. , together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive.
| Closing stock price | $12.84 |
|---|---|
| Market Capitalization | $1.9 billion |
| Gross profit (TTM) | $2.7 billion |
| Profit margin | -13.24% |
| Revenue (TTM) | $6.8 billion |
| Earnings per share (TTM) | -$6.08 |
| 52-week stock price range | $12.67 – $23.08 |
Caesars Entertainment Corporation (CZR)
Caesars Entertainment, Inc. operates as a gaming and hospitality company. The company owns, leases, brands, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker.
| Closing stock price | $20.70 |
|---|---|
| Market Capitalization | $4.7 billion |
| Gross profit (TTM) | $5.7 billion |
| Profit margin | -2.12% |
| Revenue (TTM) | $11.4 billion |
| Earnings per share (TTM) | -$1.15 |
| 52-week stock price range | $18.25 – $40.00 |
Compare trading platforms to buy casino stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding casino stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of casino stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the gambling and entertainment industry to know when to buy, sell or hold.Frequently asked questions about casino stocks
Sources
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