Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Casinos and Gaming Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies42
  • 7D-0.03%
  • 3M-1.6%
  • 1Y-15.1%
  • YTDn/a

The Casinos and Gaming is pretty flat in the last 7 days, but MGM Resorts International has stood out, gaining 3.5%. Unfortunately though, the industry is down 15% over the past 12 months. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 May 2026US$118.9bUS$94.6bUS$596.9m31.5x199.2x1.3x
Wed, 22 Apr 2026US$127.1bUS$92.7bUS$1.3b29x97.6x1.4x
Fri, 20 Mar 2026US$123.3bUS$92.7bUS$1.6b23.4x78x1.3x
Sun, 15 Feb 2026US$121.3bUS$91.2bUS$2.6b23.6x47x1.3x
Tue, 13 Jan 2026US$154.3bUS$89.5bUS$2.1b24.4x73.6x1.7x
Thu, 11 Dec 2025US$161.3bUS$89.5bUS$2.1b26.8x76.8x1.8x
Sat, 08 Nov 2025US$158.2bUS$92.2bUS$2.8b28.3x56x1.7x
Mon, 06 Oct 2025US$170.6bUS$90.9bUS$2.5b26.6x68.6x1.9x
Wed, 03 Sep 2025US$194.8bUS$90.6bUS$2.5b27.7x78.6x2.1x
Fri, 01 Aug 2025US$192.6bUS$91.3bUS$2.9b25.6x66.2x2.1x
Sun, 29 Jun 2025US$173.4bUS$91.7bUS$3.0b24x57.1x1.9x
Tue, 27 May 2025US$155.9bUS$91.6bUS$3.0b21.6x51.5x1.7x
Thu, 24 Apr 2025US$143.6bUS$86.5bUS$2.7b24x52.7x1.7x
Sat, 22 Mar 2025US$158.3bUS$86.2bUS$2.6b24.1x61.5x1.8x
Mon, 17 Feb 2025US$186.9bUS$87.8bUS$1.2b23.5x160.5x2.1x
Wed, 15 Jan 2025US$166.0bUS$87.5bUS$1.4b22.7x120x1.9x
Fri, 13 Dec 2024US$182.1bUS$87.7bUS$1.4b24.6x134.1x2.1x
Sun, 10 Nov 2024US$173.8bUS$87.0bUS$1.3b23.8x133.8x2x
Tue, 08 Oct 2024US$173.3bUS$89.0bUS$411.0m24.4x421.5x1.9x
Thu, 05 Sep 2024US$152.9bUS$89.0bUS$410.9m19.6x372.1x1.7x
Sat, 03 Aug 2024US$151.3bUS$85.8bUS$935.4m17.7x161.7x1.8x
Mon, 01 Jul 2024US$157.0bUS$87.2bUS$1.3b15.6x125.5x1.8x
Wed, 29 May 2024US$122.3bUS$74.9bUS$2.6b14.8x47.5x1.6x
Fri, 26 Apr 2024US$125.2bUS$74.0bUS$3.4b14.1x37.1x1.7x
Sun, 24 Mar 2024US$135.1bUS$73.1bUS$3.2b16.8x42.6x1.8x
Tue, 20 Feb 2024US$138.5bUS$72.6bUS$2.6b14.3x54.1x1.9x
Thu, 18 Jan 2024US$126.8bUS$69.8bUS$2.2b14x56.8x1.8x
Sat, 16 Dec 2023US$129.2bUS$69.8bUS$2.2b14.8x58x1.9x
Mon, 13 Nov 2023US$125.4bUS$69.7bUS$2.2b13.5x56.2x1.8x
Wed, 11 Oct 2023US$121.6bUS$66.4bUS$1.4b17.1x89.2x1.8x
Fri, 08 Sep 2023US$131.3bUS$66.4bUS$1.4b18.1x96.4x2x
Sun, 06 Aug 2023US$136.6bUS$66.2bUS$1.4b21.4x96.8x2.1x
Tue, 04 Jul 2023US$133.4bUS$62.7bUS$1.5b13.6x88.1x2.1x
Thu, 01 Jun 2023US$128.1bUS$62.7bUS$1.4b13.2x88.5x2x
Price to Earnings Ratio

88.5x


Total Market Cap: US$128.1bTotal Earnings: US$1.4bTotal Revenue: US$62.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Casinos and Gaming Industry Price to Earnings3Y Average 112.6x202420252026
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 199x which is higher than its 3-year average PE of 113x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Casinos and Gaming industry have declined 26% per year over the last three years.
  • Meanwhile revenues for these companies have grown 15% 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 Market1.11%
Consumer Discretionary2.10%
Hospitality-0.58%
Casinos and Gaming-0.034%
Restaurants-0.51%
Leisure Facilities-0.68%
Hotels, Resorts and Cruise Lines-0.82%
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
MGM MGM Resorts InternationalUS$38.403.5%
+US$335.2m		22.5%PE52.3x
RRR Red Rock ResortsUS$55.386.3%
+US$188.6m		17.8%PE17.2x
WYNN Wynn ResortsUS$97.241.8%
+US$176.9m		7.5%PE26.5x
CZR Caesars EntertainmentUS$28.473.1%
+US$173.1m		2.8%PS0.5x
BALY Bally'sUS$13.2011.9%
+US$68.5m		25.5%PS0.2x

Latest News

CZR
US$28.47
Caesars Entertainment
7D
3.1%
1Y
2.8%
MCRI
US$116.81
Monarch Casino & Resort
7D
-3.1%
1Y
42.6%
LVS
US$49.43
Las Vegas Sands
7D
-1.5%
1Y
24.2%
Narrative Update • May 24

LVS: Capital Returns And Near Term Catalyst Watch Will Drive Future Upside

Analysts have inched up the average price target on Las Vegas Sands by a few dollars, with recent $1 to $2 upward revisions outweighing a single $3 trim, as they factor in slightly adjusted growth, margin, and P/E assumptions. Analyst Commentary Recent Street research has featured a cluster of modest upward price target revisions on Las Vegas Sands, paired with one downward move and a downgrade.
DKNG
US$25.12
DraftKings
7D
-2.6%
1Y
-28.4%
GENI
US$5.35
Genius Sports
7D
3.3%
1Y
-47.0%
RSI
US$27.06
Rush Street Interactive
7D
-2.2%
1Y
128.7%
WYNN
US$97.24
Wynn Resorts
7D
1.8%
1Y
7.5%
Narrative Update • May 21

WYNN: Free Cash Flow Story And Al Marjan Opening Will Support Upside

Analysts have reduced the fair value estimate for Wynn Resorts to $135.89 from $140.61, as a series of lower Street price targets in the $133 to $146 range reflect adjustments to discount rates, revenue growth assumptions, and profit margin expectations. Analyst Commentary Recent research on Wynn Resorts reflects a series of price target trims clustered in the low to mid US$130s and mid US$140s, as analysts refine discount rates, growth assumptions, and margin profiles.
SGHC
US$13.51
Super Group (SGHC)
7D
-1.7%
1Y
60.6%
MGM
US$38.40
MGM Resorts International
7D
3.5%
1Y
22.5%
Narrative Update • May 19

MGM: Future Share Repurchases And Las Vegas Packages Will Support Upside

MGM Resorts International's updated analyst price target edges lower to about $56, with recent mixed target changes from Deutsche Bank, Citi, JPMorgan, Truist, Barclays, Wells Fargo, UBS, Morgan Stanley and Stifel reflecting analysts' blended views on slightly higher expected revenue growth, a modestly lower profit margin, and an updated P/E assumption. Analyst Commentary Recent Street research around MGM Resorts International reflects a mix of higher and lower price targets, with several bullish analysts highlighting potential upside drivers for the stock alongside more cautious views.
PENN
US$16.88
PENN Entertainment
7D
2.4%
1Y
11.9%
Narrative Update • May 18

PENN: Free Cash Flow And Interactive Break Even Will Guide Measured Outlook

Analysts have inched their average price targets on PENN Entertainment higher by low single digit dollar amounts, pointing to improving free cash flow expectations and early progress toward break-even in the interactive business as key supports for the updated valuation assumptions. Analyst Commentary Recent research on PENN Entertainment shows a mix of optimism around free cash flow potential and break-even targets for the interactive segment, alongside ongoing skepticism about execution and management credibility.
RRR
US$55.38
Red Rock Resorts
7D
6.3%
1Y
17.8%
BRSL
US$11.20
Brightstar Lottery
7D
2.8%
1Y
-26.7%
BALY
US$13.20
Bally's
7D
11.9%
1Y
25.5%
MSC
US$2.38
Studio City International Holdings
7D
-6.7%
1Y
-17.4%
CHDN
US$85.12
Churchill Downs
7D
-3.2%
1Y
-8.7%
MLCO
US$5.38
Melco Resorts & Entertainment
7D
-2.7%
1Y
-11.9%
Seeking Alpha • May 03

Melco Resorts: Q1 2026 Earnings Confirms Our Bullish Case

Summary Melco Resorts & Entertainment maintains cost discipline and premium positioning, driving resilient margins amid intense Macau competition. MLCO's 1Q26 adjusted property EBITDA margins rose to 27.4%, with 16% YoY EBITDA growth in Macau, supporting a 5% share price pop post-earnings. The upcoming 2H26 launch of the REM hotel positions MLCO as the only operator with new premium capacity, expected to catalyze earnings and market share gains. Trading at 6.5x forward EV/EBITDA, MLCO offers 48% upside to a 9.8x target multiple; Buy rating maintained, with risks from slower GGR growth and new property execution. Read the full article on Seeking Alpha