Top 15 Gambling, Resorts & Casinos Stocks
Marvin ranked 15 gambling, resorts and casino companies by Overall score within their industry. Monarch Casino & Resort, Las Vegas Sands and Red Rock Resorts rank highest, and PENN Entertainment ranks lowest of the group.
This list covers 15 companies in the Gambling, Resorts & Casinos industry, ordered by Marvin's Overall score. The group includes casino operators, online betting companies and a few resort businesses, so their results can look quite different from one another.
Look at more than the rank. A company can score well on profit margins yet carry heavy debt, or grow quickly while still losing money on its core operations. The short notes below point out both strengths and weak spots.
Marvin's scores only show how each company compares with others in its industry today. They are not a forecast and not a recommendation to buy or sell.
The list
How Marvin ranked these stocks
Marvin picked companies above about $300 million in size in the Gambling, Resorts & Casinos industry and ranked them with the highest Overall score first. The Overall, Quality and Opportunity scores are relative to each company's own industry, so a high score means a company looks strong next to its industry peers, not next to every stock in the market.
Companies above about $300 million in size, ranked by Marvin scores (0-100, relative to each company's own industry). The Gambling, Resorts & Casinos industry, highest Overall score first.
The stocks, one by one
Monarch Casino & Resort, Inc. MCRI
Monarch Casino & Resort tops the list with an overall score of 95 and a quality score of 96. It kept 27.8% of revenue as free cash flow, a strong showing, though revenue growth was modest at 4.4%. Operating margin and debt figures are not available.
Las Vegas Sands Corp. LVS
Las Vegas Sands scores 90 overall, with revenue growth of 15.2% and an operating margin of 21.5%, both solid. Its return on equity of 297.2% is unusually high, so read it with caution alongside a debt-to-equity ratio of 23.57.
Red Rock Resorts, Inc. RRR
Red Rock Resorts has a strong operating margin of 27.7% and an overall score of 86. The cautions are slow revenue growth of 3.7% and a debt-to-equity ratio of 21.25, which shows meaningful borrowing.
Boyd Gaming Corporation BYD
Boyd Gaming has a quality score of 91 and low debt, with a debt-to-equity ratio of 1.30. The weak spot is cash: its free cash flow margin was only 0.9%, and revenue growth was modest at 4.1%.
Accel Entertainment, Inc. ACEL
Accel Entertainment grew revenue by 8.1% and carries little debt, with a debt-to-equity ratio of 2.02. The main caution is a thin operating margin of 8.2%, lower than most casino operators ranked above it.
Churchill Downs Incorporated CHDN
Churchill Downs earns a healthy operating margin of 24.1% and a return on equity of 30.8%, with revenue growth of 7.0%. Its debt-to-equity ratio is 3.56. A free cash flow margin is not available, so cash generation is harder to judge.
Wynn Resorts, Limited WYNN
Wynn Resorts shows an operating margin of 15.7% and a free cash flow margin of 10.7%, both reasonable. The caution is that revenue growth was nearly flat at 0.1%, and return on equity and debt figures are not available.
Rush Street Interactive, Inc. RSI
Rush Street Interactive grew revenue by 22.8% and turned 13.3% of revenue into free cash flow, with an operating margin of 10.0%. The caution is its low opportunity score of 39, which is well below its quality score of 78.
DraftKings Inc. DKNG
DraftKings is growing fast, with revenue up 27.0% and a free cash flow margin of 10.5%. The caution is profitability: its operating margin was -2.9% and return on equity was -29.3%, so the core business was not yet profitable.
MGM Resorts International MGM
MGM Resorts has a free cash flow margin of 8.4% and a return on equity of 16.9%. Growth was slow at 1.7%, and its operating margin of 5.7% is thin next to stronger peers. Debt-to-equity is 12.00.
Vail Resorts, Inc. MTN
Vail Resorts has a decent operating margin of 14.8% and a return on equity of 61.3%. The caution is that revenue growth was -4.3%, meaning sales shrank. Its overall score of 47 is in the lower half of this list.
Flutter Entertainment plc FLUT
Flutter Entertainment grew revenue by 16.6% and has a gross margin of 42.5%, with modest debt at 1.44. The caution is that its operating margin was -3.7% and return on equity was -9.9%, so it was not profitable at the operating level.
Marriott Vacations Worldwide Corporation VAC
Marriott Vacations Worldwide has a quality score of 25, but a higher opportunity score of 85. Its free cash flow margin was only 1.9% and return on equity was -16.2%. Operating margin and debt figures are not available.
Caesars Entertainment, Inc. CZR
Caesars Entertainment has a respectable operating margin of 15.9% and a free cash flow margin of 5.2%. The cautions are a negative return on equity of -13.8%, slow revenue growth of 2.1%, and a low overall score of 31.
PENN Entertainment, Inc. PENN
PENN Entertainment ranks last here with an overall score of 26. Revenue grew 5.8%, but its operating margin was -7.9% and return on equity was -48.7%, showing losses. Its free cash flow margin was just 1.3%.
Common questions
What do Marvin's Overall, Quality and Opportunity scores mean?
They are scores that compare a company with others in the same industry today. Quality reflects the strength of the business, such as margins and debt. Opportunity is a separate measure, and Overall combines the views. They are not predictions.
Why do some companies on this list have missing figures?
Not every company reports every measure in a way that fits Marvin's data. A few companies on this list have no operating margin, debt ratio or return on equity available. Where a figure is missing, the blurb avoids using it.
Does a high rank mean a stock is a good buy?
No. The rank only shows how a company compares with industry peers on Marvin's scores. It says nothing about whether a stock is a good purchase. Casino and resort companies can also be sensitive to economic conditions and debt levels, so readers should do their own research.
Keep reading
- Top 15 Consumer Cyclical Stocks by Marvin Opportunity Score
- Top 15 Consumer Cyclical Companies by Business Quality
- Top 15 Consumer Cyclical Stocks Right Now
- Top 25 Quality Stocks Trading Well Below Their Highs
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Marvin's scores (0-100) compare each company with others in its industry today. Growth and margin figures come from SEC filings. This is general information, not personal investment advice or a recommendation to buy or sell anything. Do your own research.