Home Trending Stocks Top 3 Casino Stocks to Watch For in 2021

Top 3 Casino Stocks to Watch For in 2021

The gambling industry is all about risk and where there is a risk, there is a high-return.

Casino stocks are gaining momentum after a soggy 2020. CNBC’s Jim Cramer anticipates the Casino stocks to jump with traveling coming to life. Moreover, the trade tension between the U.S. and China seems to cool down, which can play the main role in driving the stock market.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

The Mad Money host said, “Once enough people are vaccinated … the economy goes back to normal; travel resumes and people start gambling in person again.”

So, casinos stand a fair chance to go big in 2021. Let’s have a look at the top 3 casino stocks to watch for this year.

Penn National Gaming (PENN)

Penn National Gaming (PENN) is one of the leading casinos running companies in the U.S. The company owns different casinos and gaming facilities throughout the country. Many of them are part of Hollywood Casino or Ameristar brands.

Penn got the attention after making deal with theScore. The company signed a two-year agreement with the gaming and sports media company. This deal provides market access for online and mobile sports betting and iGaming in the 11 states. Penn has made a $10 million investment in theScore and would probably increase it with time. Penn can buy more shares of theScore rather than giving cash to the media company. This can pave the way for the possible acquisition of theScore by Penn.

In the past year, Penn has focused more on the online gambling and sports betting market. The company kept on diversifying its gaming portfolio amid the global pandemic. Penn National Gaming (PENN) is continuing to introduce new things and adapt to the changing global economy. Penn looks a solid stock in the gambling industry, investors must keep PEEN in their investment books.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Monarch Casino & Resort (MCRI)

Monarch Casino & Resort (MCRI) operates a casino resort in Reno, Nevada via its subsidiaries. The resort also includes a hotel and motor lounge, restaurants, bars, a health club, and other entertainment services.

For investors, Monarch’s third-quarter report is quite exciting. Despite the fact many other casinos struggled in 2020, Monarch recorded year over year growth in gaming revenue and net income. The gaming revenue increased 9% and net income was up by 15.6% in the third quarter. However, the revenue was on the downward side with pandemic impact, fell 18.7% YoY.

Monarch is a fairly valued stock based upon its current Earnings per share. With the positive performance in the last quarter, the company is steadily moving to grow its business this year. Monarch Casino & Resort (MCRI) is one of the stocks with potential growth among the Casino stocks.

Bally’s Corporation (BALY)

Bally’s Corp. (BALY) is a gaming company that owns and operates around 12 casino, hotel, and racetrack properties across seven different states of the U.S.

Back in Nov. 2020, the company collaborated with Sinclair Broadcast Group Inc. Through this partnership, the holding company will combine its sports betting network with Sinclair’s 190 television stations. This gives a wide range to Bally’s to expand in different markets, as Sinclair operates across 88 markets.

Recently, the company announced that it has signed an agreement with Ira Lubert. In a joint work agreement, both the companies will design, construct, and develop a Category 4 licensed casino in Pennsylvania. Bally’s Corp. expects the construction of the casino to begin in the first half of 2021.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Bally’s Corp. (BALY) is rapidly expanding its footprints in the gaming world of Pennsylvania. The company is moving in the right direction as it continues to expand its ecosystem. This new year holds a lot more for Bally’s Corp. to offer to its investors.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

What Is Getting Alteryx (AYX) Stock To Soar In Premarket Trades?

The shares of Alteryx Inc. (AYX) rose 7.42% to trade at $82.06 in premarket trading at last check. To close Tuesday's trading session at...

Cocrystal Pharma, Inc. (COCP) Stock Skyrocketed Following Promising Updates on Covid-19 Drug Development

Cocrystal Pharma, Inc. (COCP) stock prices were up by a monumental 72.58% as of the market closing on may 4th 2021, bringing the price...

Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) stock slumped in the afterhours trading session; here’s why

At last check, in the after-hours trading session, ADMP stock had slumped by-7.48% to $0.99. ADMP stock previously closed the session at $1.07 gaining...

Here is why iBio Inc (IBIO) stock rallied in the after-hours on Tuesday?

iBio Inc. (IBIO) shares gained 31.01% to trade at $1.69 in the after-market on Tuesday, May 4, 2021. Earlier IBIO's stock lost 4.44% to...

10x Genomics (NASDAQ: TXG) stock slumped in the premarket trading session; here’s why

10x Genomics Inc. (TXG) stock plunged by-9.79% to the price of $165.0 in pre-market trading session. TXG stock has closed previous session at $182.90...

My Size Inc. (NASDAQ: MYSZ) stock plunged during after-hour trading, given no latest update

My Size Inc. (NASDAQ: MYSZ) stock surged by 24.87% at last close whereas the MYSZ stock price declined by 4.13% in the after hours...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

Related News

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

What Is Getting Alteryx (AYX) Stock To Soar In Premarket Trades?

The shares of Alteryx Inc. (AYX) rose 7.42% to trade at $82.06 in premarket trading at last check. To close Tuesday's trading session at...

Cocrystal Pharma, Inc. (COCP) Stock Skyrocketed Following Promising Updates on Covid-19 Drug Development

Cocrystal Pharma, Inc. (COCP) stock prices were up by a monumental 72.58% as of the market closing on may 4th 2021, bringing the price...

Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) stock slumped in the afterhours trading session; here’s why

At last check, in the after-hours trading session, ADMP stock had slumped by-7.48% to $0.99. ADMP stock previously closed the session at $1.07 gaining...

Here is why iBio Inc (IBIO) stock rallied in the after-hours on Tuesday?

iBio Inc. (IBIO) shares gained 31.01% to trade at $1.69 in the after-market on Tuesday, May 4, 2021. Earlier IBIO's stock lost 4.44% to...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.