Aggregated price index with volume information
- Casino stocks down 2.1% on average while median return down 2.1% in a day
- Casino stocks down 1.3% on average while median return down 1.3% in a week
- Casino stocks up 5.0% on average while median return up 0.7% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $FLL 29.5%, $GLU 7.4%, $PENN 5.2%, $RRR 4.1%, $VICI 3.7%
- 1M losers are : Losers for past month are $CHDN -2.6%, $LVS -8.1%, $WYNN -11.4%, $CNTY -11.8%, $MLCO -13.4%
- 1W winners are : Winners for past week are $GLU 3.7%, $VICI 3.6%, $GDEN 2.6%, $MLCO 2.5%, $BYD 0.8%
- 1W losers are : Losers for past week are $WYNN -3.2%, $RRR -3.6%, $CZR -4.0%, $LVS -5.9%, $PENN -8.0%
Index correlation analysis
Correlation for the past month is 53.8%, for the past 3 months is 49.0%
In the past month for a 5 days rolling window, the highest corrrelation is 87.2%, the lowest correlation is 18.6%, the latest correlation is 54.4%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 95.2% between CZR and MGM
The lowest correlation is -6.6% between FLL and MLCO
BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will participate in the 2023 Morgan Stanley Global Consumer and Retail Conference in New York on Wednesday, December 6, 2023.
MGM Resorts' (MGM) sports betting and iGaming partner BetMGM provides business update.
WYOMISSING, Pa. & CHARLOTTE, N.C., December 05, 2023--PENN Entertainment, Inc. ("PENN" or the "Company") (Nasdaq: PENN) announced today that its wholly-owned subsidiary PENN Sports Interactive, LLC has entered into a long-term, multi-faceted partnership with Quail Hollow Club and the Wells Fargo Championship ahead of the launch of regulated online sports wagering in North Carolina. Under the agreement with Quail Hollow Club, PENN secures market access for its online sports wagering platform ESPN
Insulet, W.R. Berkley, Invitation Home and VICI Properties have been highlighted in this Screen of The Week article.
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Ladbrokes-owner Entain said on Monday it is targeting a core profit of $500 million in 2026 at its U.S. sports-betting service BetMGM, which it jointly owns with MGM Resorts. The online sports betting sector has rebounded as live sporting events returned after the pandemic. Gambling firms have also been beefing up their offerings in the United States after the country's Supreme Court struck down a federal law that banned most states from sports betting.
BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will host a business update for analysts and investors at 11:00 a.m. Eastern Time today.
LAS VEGAS, December 04, 2023--Miranda Lambert has announced the final dates for her critically acclaimed "Miranda Lambert: Velvet Rodeo The Las Vegas Residency" at Bakkt Theater at Planet Hollywood Resort & Casino. The final nine shows will take place in March and April of 2024.
Invest in stocks such as Insulet (PODD), W.R. Berkley (WRB), Invitation Home (INVH) and VICI Properties (VICI) for superb earnings growth.
The Las Vegas Strip specializes in larger-than-life excess. The Strip has become an endless sea of big names using neon, special effects, and sometimes even fire, to get people's attention. On the south and central parts of the Las Vegas Strip, Caesars Entertainment and MGM Resorts International dominate.