Q1 Rundown: Wynn Resorts (NASDAQ:WYNN) Vs Other Casino Operator Stocks

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the casino operator stocks, including Wynn Resorts (NASDAQ:WYNN) and its peers.

Casino operators enjoy limited competition because gambling is a highly regulated industry. These companies can also enjoy healthy margins and profits. Have you ever heard the phrase ‘the house always wins’? Regulation cuts both ways, however, and casinos may face stroke-of-the-pen risk that suddenly limits what they can or can't do and where they can do it. Furthermore, digitization is changing the game, pun intended. Whether it’s online poker or sports betting on your smartphone, innovation is forcing these players to adapt to changing consumer preferences, such as being able to wager anywhere on demand.

The 9 casino operator stocks we track reported a slower Q1. As a group, revenues were in line with analysts’ consensus estimates.

In light of this news, share prices of the companies have held steady as they are up 3.1% on average since the latest earnings results.

Wynn Resorts (NASDAQ:WYNN)

Founded by the former Mirage Resorts CEO, Wynn Resorts (NASDAQ:WYNN) is a global developer and operator of high-end hotels and casinos, known for its luxurious properties and premium guest services.

Wynn Resorts reported revenues of $1.7 billion, down 8.7% year on year. This print fell short of analysts’ expectations by 1.8%. Overall, it was a disappointing quarter for the company with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.

Wynn Resorts delivered the slowest revenue growth of the whole group. Interestingly, the stock is up 5.7% since reporting and currently trades at $88.27.

Read our full report on Wynn Resorts here, it’s free.

Best Q1: Monarch (NASDAQ:MCRI)

Established in 1993, Monarch (NASDAQ:MCRI) operates luxury casinos and resorts, offering high-end gaming, dining, and hospitality experiences.

Monarch reported revenues of $125.4 million, up 3.1% year on year, outperforming analysts’ expectations by 2.1%. The business had a strong quarter with a decent beat of analysts’ EPS and EBITDA estimates.

Monarch achieved the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 10.2% since reporting. It currently trades at $83.64.

Is now the time to buy Monarch? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: PENN Entertainment (NASDAQ:PENN)

Established in 1982, PENN Entertainment (NASDAQ:PENN) is a diversified American operator of casinos, sports betting, and entertainment venues.

PENN Entertainment reported revenues of $1.67 billion, up 4.1% year on year, falling short of analysts’ expectations by 1.6%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates.

As expected, the stock is down 5.3% since the results and currently trades at $14.87.

Read our full analysis of PENN Entertainment’s results here.

Caesars Entertainment (NASDAQ:CZR)

Formerly Eldorado Resorts, Caesars Entertainment (NASDAQ:CZR) is a global gaming and hospitality company operating numerous casinos, hotels, and resort properties.

Caesars Entertainment reported revenues of $2.79 billion, up 1.9% year on year. This result met analysts’ expectations. Aside from that, it was a slower quarter as it produced a significant miss of analysts’ EPS and adjusted operating income estimates.

The stock is down 6.3% since reporting and currently trades at $26.20.

Read our full, actionable report on Caesars Entertainment here, it’s free.

Bally's (NYSE:BALY)

Headquartered in Providence, Rhode Island, Bally's Corporation (NYSE:BALY) is a diversified global casino-entertainment company that owns and manages casinos, resorts, and online gaming platforms.

Bally's reported revenues of $611.1 million, down 1.2% year on year. This number surpassed analysts’ expectations by 1.5%. Zooming out, it was a mixed quarter as it also recorded a solid beat of analysts’ EPS estimates but a significant miss of analysts’ adjusted operating income estimates.

The stock is down 12.4% since reporting and currently trades at $9.77.

Read our full, actionable report on Bally's here, it’s free.

Market Update

In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.