Author: Trader Edge

TLDR Five casino stocks are drawing investor attention in early 2026 based on trading volume and analyst coverage DraftKings analysts see around 30% upside potential linked to its prediction markets launch MGM posted record revenue of $17.2 billion in 2024, up 7% year-over-year PENN Entertainment ended its ESPN Bet partnership early in November 2025 after poor results Las Vegas Sands shut down its digital gaming arm in October 2025 to refocus on Macau and Singapore Five casino stocks are drawing investor attention heading into 2026, based on trading volume data and recent analyst coverage. Here is a breakdown of what…

TLDR Citigroup cut its CZR stake by 81.9% in Q3, reducing holdings to 181,120 shares worth ~$4.90 million CZR missed Q4 EPS badly, reporting -$1.23 vs. the -$0.18 consensus estimate Revenue of $2.92 billion slightly beat analyst estimates of $2.89 billion, up 4.2% year-over-year 19 brokerages give CZR a “Moderate Buy” consensus with an average 12-month price target of $33.24 The stock trades near $25, with a high debt-to-equity ratio of 3.17 and a market cap of $5.09 billion Caesars Entertainment ($CZR) had a rough end to the year. The company posted a Q4 loss of $1.23 per share, far…

TLDR DraftKings CAO Erik Bradbury sold 2,883 Class A shares on March 3 at $24.56, totaling $70,806 This follows a February 19 sale of 7,268 shares at $22.50, worth $163,530 DKNG rose 2.6% on the day to $24.45, with a market cap of $12.05 billion DraftKings unveiled a unified “Super App” combining sportsbook, casino, predictions, and lottery into one platform Analyst consensus sits at Moderate Buy with an average price target of $37.12 DraftKings’ CAO Bradbury sold around $70K in stock on March 3, while the company rose 2.6% and unveiled a new Super App combining its key products. DraftKings…

TLDR Former Trump Chief of Staff Mick Mulvaney says prediction market contracts are “gambling” and should be regulated by states, not the CFTC Mulvaney launched a coalition called “Gambling Is Not Investing” to push for state-level oversight Kalshi faced backlash after settling the Ayatollah Khamenei market using a death carveout rule, paying out based on the last traded price before his death The Khamenei market on Kalshi had over $54 million in trading volume Polymarket settled the same market as “yes” but that settlement is currently under review Prediction markets Kalshi and Polymarket are at the center of a growing…

TLDR Polymarket removed markets where users could bet on nuclear weapon detonation The removal follows the ongoing Iran conflict and criticism over war-related insider trading A 2023 contract implied up to 19% chance of nuclear detonation; a 2025 one traded near 12% The 2025 contract saw over $1.7 million in trading volume The CFTC is reviewing rules that could ban regulated exchanges from listing war and terrorism event contracts Polymarket has removed prediction markets that let users bet on the probability of a nuclear weapon detonating. The platform made no public announcement about the removal. The contracts had been running…

TLDR Contrarius Group Holdings slashed its CZR position by 83.3% in Q3, selling over 2.1 million shares Cooper Creek Partners Management took the opposite view, building a new $74.15 million stake in Q4 CZR is down roughly 27% over the past year, trading around $24.25–$24.64 Q4 earnings missed EPS estimates badly — reporting ($1.23) vs. the ($0.18) expected — though revenue of $2.92 billion edged past forecasts Caesars Digital was a bright spot, delivering $85 million in quarterly Adjusted EBITDA, up from $20 million a year ago Caesars Entertainment is getting pulled in two directions right now. One major investor…

TLDR MGM Resorts and BetMGM are investing over $1 million in responsible gaming research and awareness in March 2026 $450,000 goes to the International Center for Responsible Gaming to fund peer-reviewed sports betting research Over $850,000 will be donated to state and national problem gambling prevention and treatment organizations in 2026 The GameSense program will expand across casino floors, sportsbooks, and digital platforms throughout March Connor McDavid’s “Mullet Over” campaign will continue airing, and a new “Earn More. Play Smart” campaign launches this spring MGM Resorts International and BetMGM announced a commitment of over $1 million to responsible gaming this…

TLDR TD Asset Management raised its LVS stake by 18.3% in Q3, valuing its position at ~$9.81 million. LVS beat Q4 earnings expectations with EPS of $0.85 vs. $0.77 expected, and revenue of $3.65B — up 26% year-over-year. The quarterly dividend was raised to $0.30 (from $0.25), giving an annualized yield of ~2.1%. Insiders sold roughly 2.61 million shares worth ~$174.5M in the last 90 days, including a 1.2M-share sale by then-CEO Robert Goldstein. Patrick Dumont officially took over as CEO on March 1, with expansion plans in Singapore, Macau, UAE, and North Texas on the agenda. Las Vegas Sands…

TLDR BMO Capital Markets raised its price target on DraftKings from $42 to $50, keeping an Outperform rating DraftKings unveiled a “Super App” combining Sportsbook, iGaming, and Predictions into one platform Prediction markets could represent a $10 billion gross revenue opportunity with 60–80% gross margins Director Harry Sloan bought 100,000 DKNG at $21.85, a ~$2.19M purchase, lifting his stake by ~40% DKNG is down ~50% over the past six months, currently trading around $23.85 DraftKings launched a unified Sports & Casino Super App at its Investor Day, and Wall Street is taking notice. BMO Capital Markets raised its price target…

TLDR Polymarket is privately held but is likely considering a 2026 IPO as prediction markets surge in popularity DraftKings and Robinhood are both moving into prediction markets, signaling strong sector interest Wall Street banks are reportedly in conversations with Polymarket about going public History warns caution — Rivian and Lucid both IPO’d during hype cycles and saw sharp stock declines Analysts suggest waiting until post-IPO hype fades may be a smarter entry point for investors Prediction markets are having a moment. Polymarket, the leading privately held prediction market platform, is drawing attention from investors wondering if a 2026 IPO is…