Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios via stocks, options and forex trading. Casino stocks have recovered in recent months following 52-week lows in March. We recently asked over 400 Benzinga investors and traders which casino stock they believe will grow the most by 2025.
For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More
Best Casino Stocks
Over the next five years, which casino stock will have the largest percentage gain?
- Las Vegas Sands (LVS)
- Penn National Gaming (PENN)
- Wynn Resorts (WYNN)
- MGM Resorts (MGM)
- Red Rock Resorts (RRR)
- Caesars Entertainment (CZR)
- Boyd Gaming (BYD)
Penn National Gaming
Thirty-five percent of traders and investors revealed that they believe Penn National Gaming would experience the largest percentage price per share gain by 2025.
In September, our Benzinga analysts reported optimism growing for Penn National Gaming given its partial ownership and partnership in Barstool Sports. This news powered Penn National to a 52-week high in September.
With brand awareness and the backing of internet personality Dave Portnoy, Barstool sportsbook is positioned to be a market leader in America’s emerging sports betting markets. We recently reported casinos nationwide launching sports betting apps and in the U.S. could be a significant growth story in the coming years.
Shares of Penn National Gaming have climbed to $64.92 per share, off the 52-week low of $3.75.
Following Penn, our study revealed traders and investors are most confident in Wynn Resorts: 15.1% told us Wynn’s stock has the largest percentage upside in the next 5 years.
Wynn is a global brand in casino gaming: among Wynn’s 6 properties, 3 are based in the United States and 3 are based in Cotai Strip, Macau. Wynn’s newest luxury casino property is Encore Boston Harbor. The Everett, Massachusetts casino opened in June 2019, seeing roughly 8 full months of operation prior to nationwide lockdowns.
Wynn is trading at $72.61 as of publishing, off the 52-week low of $35.84.
Red Rock Resorts And Boyd Gaming
At the opposite end of our survey results: only 6.2% of traders and investors see Red Rock Resorts and 9.2% see Boyd Gaming experiencing the largest percentage price per share increase by 2025.
At the time of publication, Red Rock Resorts and Boyd Gaming were trading at $17.56 and $32.11, respectively.
Worldwide casinos and gaming operations will be watching closely as speculation continues to circulate on a coronavirus vaccine release date.
Casino stock survey
Here are the full results from this week’s study:
- Las Vegas Sands (LVS): 7.2%
- Penn National Gaming (PENN): 35%
- Wynn Resorts (WYNN): 15.1%
- MGM Resorts (MGM): 13.9%
- Red Rock Resorts (RRR): 6.2%
- Caesars Entertainment (CZR): 13.4%
- Boyd Gaming (BYD): 9.2%
This study was conducted by Benzinga in October 2020 and included the responses of a diverse population of adults 18 or older.
Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The order of survey answers were randomized for each respondent. The study reflects results from over 400 adults.