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U.S. Casinos and Gaming Industry Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies44
  • 7D-3.1%
  • 3M0.9%
  • 1Y-38.5%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has risen 1.7%, driven by gains from Studio City International Holdings of 7.6%. In the same time, Flutter Entertainment was down 6.2%. In the past year, the industry is down 38%. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

Has the U.S. Casinos and Gaming Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Aug 2026US$86.7bUS$81.6bUS$120.7m19.3x717.7x1.1x
Fri, 17 Jul 2026US$124.8bUS$94.6bUS$595.0m32.4x209.8x1.3x
Sun, 14 Jun 2026US$130.7bUS$94.6bUS$595.9m32.6x219.3x1.4x
Tue, 12 May 2026US$123.2bUS$94.4bUS$654.1m30.9x188.4x1.3x
Thu, 09 Apr 2026US$121.5bUS$92.8bUS$1.3b24x92.4x1.3x
Sat, 07 Mar 2026US$126.2bUS$92.7bUS$2.3b22.7x54.6x1.4x
Mon, 02 Feb 2026US$133.0bUS$90.3bUS$2.2b21.7x61.3x1.5x
Wed, 31 Dec 2025US$161.9bUS$89.6bUS$2.1b27.1x77.3x1.8x
Fri, 28 Nov 2025US$156.3bUS$89.5bUS$2.1b26.8x74.5x1.7x
Sun, 26 Oct 2025US$166.4bUS$91.6bUS$3.9b25.1x42.5x1.8x
Tue, 23 Sep 2025US$181.8bUS$90.9bUS$2.5b26.7x73.1x2x
Thu, 21 Aug 2025US$184.5bUS$90.6bUS$2.5b26.8x74.5x2x
Sat, 19 Jul 2025US$190.9bUS$90.6bUS$3.0b25.4x64.1x2.1x
Mon, 16 Jun 2025US$162.2bUS$91.7bUS$3.0b22.1x53.4x1.8x
Wed, 14 May 2025US$162.6bUS$89.9bUS$3.4b23.6x47.9x1.8x
Fri, 11 Apr 2025US$145.9bUS$86.5bUS$2.7b22.8x53.7x1.7x
Sun, 09 Mar 2025US$161.3bUS$86.7bUS$2.6b22.3x62.4x1.9x
Tue, 04 Feb 2025US$172.9bUS$87.5bUS$1.3b22.5x130.4x2x
Thu, 02 Jan 2025US$169.9bUS$87.6bUS$1.4b23.9x122.8x1.9x
Sat, 30 Nov 2024US$183.3bUS$87.7bUS$1.4b25.4x134.7x2.1x
Mon, 28 Oct 2024US$170.0bUS$89.0bUS$307.9m24.6x552.1x1.9x
Wed, 25 Sep 2024US$164.7bUS$89.1bUS$410.9m20.3x400.8x1.8x
Fri, 23 Aug 2024US$157.6bUS$89.0bUS$425.5m19.3x370.5x1.8x
Sun, 21 Jul 2024US$157.2bUS$87.2bUS$1.3b15.9x125.6x1.8x
Tue, 18 Jun 2024US$120.2bUS$74.9bUS$2.6b15.4x46.6x1.6x
Thu, 16 May 2024US$125.6bUS$74.9bUS$2.5b15.2x49.8x1.7x
Sat, 13 Apr 2024US$135.2bUS$73.1bUS$3.2b16.1x42.8x1.9x
Mon, 11 Mar 2024US$133.1bUS$73.0bUS$3.1b14.2x43.2x1.8x
Wed, 07 Feb 2024US$135.0bUS$71.6bUS$2.8b14.6x48.6x1.9x
Fri, 05 Jan 2024US$128.1bUS$69.8bUS$2.2b14.2x57.5x1.8x
Sun, 03 Dec 2023US$128.3bUS$69.8bUS$2.2b14.2x57.5x1.8x
Tue, 31 Oct 2023US$116.2bUS$68.4bUS$1.9b15.4x60.3x1.7x
Thu, 28 Sep 2023US$121.9bUS$66.4bUS$1.4b16.6x89.5x1.8x
Sat, 26 Aug 2023US$131.9bUS$66.5bUS$1.4b17.7x96.8x2x
Price to Earnings Ratio

96.8x


Total Market Cap: US$131.9bTotal Earnings: US$1.4bTotal Revenue: US$66.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 133.4x202420252026
Current Industry PE
  • Investors are optimistic on the American Casinos and Gaming industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 738x which is higher than its 3-year average PE of 133x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Casinos and Gaming industry have declined 55% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Casinos and Gaming compare with similar industries?

US Market-0.35%
Consumer Discretionary-2.02%
Hospitality-0.046%
Casinos and Gaming-3.11%
Leisure Facilities2.96%
Restaurants2.01%
Hotels, Resorts and Cruise Lines-1.02%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MSC Studio City International HoldingsUS$1.837.6%
+US$25.0m		-57.4%PS0.5x
MCRI Monarch Casino & ResortUS$123.270.8%
+US$17.7m		22.0%PE19.3x
BYD Boyd GamingUS$82.480.1%
+US$8.0m		-1.7%PE3.3x
CHDN Churchill DownsUS$88.640.1%
+US$7.7m		-13.5%PE15x
CDRO Codere Online LuxembourgUS$8.990.8%
+US$3.2m		8.5%PE272.8x

Latest News

BALY
US$8.91
Bally's
7D
-31.3%
1Y
-4.2%
Seeking Alpha • 3h

Bally's: Not The Bet To Make Now, Despite Top Line Growth In Q2

Summary Bally's (BALY) receives a sell rating due to deteriorating cashflow, high leverage, and a recent going concern warning. BALY's persistent unprofitability, negative operating cashflow, and Fitch's B- rating highlight severe balance sheet and liquidity risks. The company also has a huge commitment with its new Chicago casino project. Despite robust top-line growth and portfolio expansion, BALY underperforms peers in ROE and profit margin, with no near-term recovery catalyst in sight. Valuation appears cheap on price/sales and price/book, but market skepticism persists until BALY demonstrates sustainable cashflow and reduced debt. Majority ownership by a privately held investment firm, Standard General, could be both a potential lifeline or could create over-reliance on decisions by this firm at the board level. Read the full article on Seeking Alpha
PENN
US$18.29
PENN Entertainment
7D
-4.4%
1Y
-1.2%
LVS
US$45.47
Las Vegas Sands
7D
-0.5%
1Y
-15.2%
Narrative Update • Aug 17

LVS: Share Repurchases And 30 Day Catalyst Watch Will Drive Future Upside

The analyst price target for Las Vegas Sands has been reset lower to about $70.69 from $78.50, as analysts factor in softer Macau and Singapore trends, slightly lower modeled growth and margins, and modestly reduced future P/E assumptions following recent earnings and sector updates. Analyst Commentary Street research on Las Vegas Sands has shifted toward a lower set of price targets, but most firms still describe a generally constructive long term view on the stock.
DKNG
US$24.04
DraftKings
7D
-5.1%
1Y
-46.6%
BYD
US$82.48
Boyd Gaming
7D
0.1%
1Y
-1.7%
MSC
US$1.83
Studio City International Holdings
7D
7.6%
1Y
-57.4%
CPHC
US$15.60
Canterbury Park Holding
7D
1.2%
1Y
-5.7%
MGM
US$43.32
MGM Resorts International
7D
-1.8%
1Y
18.0%
Narrative Update • Aug 13

MGM: Takeover Bid And Osaka Project Will Shape Future Upside Potential

Analysts have lifted the fair value estimate for MGM Resorts International to $50.57 from $49.24, citing a series of higher price targets in the $43 to $55 range and updated views on U.S. gaming trends, potential M&A activity, and longer term optionality in Japan. Analyst Commentary Recent research on MGM Resorts International points to a wide range of views on valuation, execution risk, and growth options.
SRAD
US$12.86
Sportradar Group
7D
-3.1%
1Y
-57.6%
Narrative Update • Aug 13

SRAD: Prediction Market And Gaming Deals Will Support 2027 Reacceleration

Sportradar Group's updated analyst price target has moved lower to $18.50 from $21.38 as analysts factor in softer Q2 revenue and EBITDA, reduced 2026 guidance, and a less supportive outlook for U.S. online sports betting and prediction market deal timing. Analyst Commentary Recent Street research on Sportradar Group reflects a wide range of opinions on the stock's risk and reward, with most firms cutting price targets but differing on how much weight to place on current execution issues versus longer term growth opportunities in sports data and prediction markets.
FLUT
US$92.89
Flutter Entertainment
7D
-6.2%
1Y
-68.1%
Narrative Update • Aug 09

FLUT: Prediction Markets And World Cup Advertising Reset Will Support 2026 Rebound

Flutter Entertainment's updated analyst price target has been trimmed in line with a reset fair value estimate to $144.10 from $157.48, as analysts factor in rebased earnings expectations, higher investment in customer acquisition, and more conservative U.S. growth assumptions following recent Q2 updates and guidance changes. Analyst Commentary Recent Street research on Flutter Entertainment paints a mixed picture, with many analysts trimming price targets after Q2 while still highlighting key strengths and risks that matter for valuation, execution, and longer term growth.
CNTY
US$1.28
Century Casinos
7D
4.9%
1Y
-47.1%
WYNN
US$101.29
Wynn Resorts
7D
-3.3%
1Y
-10.2%
CHDN
US$88.64
Churchill Downs
7D
0.1%
1Y
-13.5%
CDRO
US$8.99
Codere Online Luxembourg
7D
0.8%
1Y
8.5%
MCRI
US$123.27
Monarch Casino & Resort
7D
0.8%
1Y
22.0%
Seeking Alpha • Jul 24

Monarch Casino: Hotels Are Carrying The Crown (Rating Upgrade)

Summary Monarch Casino delivered a 6% EPS beat, with hotel segment growth and robust cash generation, despite a 5% stock pullback post-earnings. MCRI's hotel revenue rose 13% YoY, now over 15% of total revenue, driven by regional visitation trends and recent property renovations. Adjusted EBITDA margin dipped 30 bps to ~37%, mainly due to higher F&B costs and wage inflation, but SG&A remains well-controlled. I upgrade to a moderate 'Buy,' targeting $125 short-term and $140–$150 medium-term, citing strong EPS growth and M&A optionality. Read the full article on Seeking Alpha