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Casino Stocks Mixed: PENN, MGM Up, Golden Down

Published 8 hours ago
Description

Casino operators wrapped up a mixed fourth quarter, with revenues beating estimates but share prices mostly flat. PENN Entertainment led with an 8.2% increase, while MGM Resorts showed solid growth of 6%. However, Golden Entertainment struggled with a 5.2% drop, and Ballys experienced a significant 28.6% jump but still saw shares fall due to other misses. Caesars Entertainment grew 4.2% and saw a surge in stock prices. Despite volatility, beats on revenue offer optimism for these firms navigating regulations and new markets.

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