Quarterly earnings results are a good time to check in on a company’s progress, especially compared to other peers in the same sector. Today we are looking at Bally's (NYSE:BALY), and the best and worst performers in the casino operator group.

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 8 casino operator stocks we track reported a weaker Q4; on average, revenues beat analyst consensus estimates by 1.1% Inflation (despite slowing) has investors prioritizing near-term cash flows, but casino operator stocks held their ground better than others, with the share prices up 2.6% on average since the previous earnings results.

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 $611.7 million, up 6.1% year on year, falling short of analyst expectations by 1.8%. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

Robeson Reeves, Bally’s Chief Executive Officer, commented, “Bally’s completed a successful 2023 with healthy results across all our business segments. Revenues in the fourth quarter grew 6.1% year-over-year to $611.7 million reflecting continued growth in our Casinos & Resorts, International Interactive and North America Interactive segments. For the full year, revenues grew 8.6% versus 2022.”

The stock is up 32% since the results and currently trades at $13.6.

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

Best Q4: 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 $1.84 billion, up 83.1% year on year, outperforming analyst expectations by 5.9%. It was a stunning quarter for the company, with an impressive beat of analysts' earnings estimates.

Wynn Resorts delivered the fastest revenue growth among its peers. The stock is up 6.5% since the results and currently trades at $106.3.

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

Weakest Q4: 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 $1.40 billion, down 12% year on year, falling short of analyst expectations by 9%. It was a weak quarter for the company, with a miss of analysts' revenue estimates and a miss of analysts' operating margin estimates.

PENN Entertainment had the weakest performance against analyst estimates in the group. The stock is down 22.2% since the results and currently trades at $17.5.

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

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 $128.2 million, up 6.3% year on year, surpassing analyst expectations by 8.2%. It was a mixed quarter for the company, with an impressive beat of analysts' revenue estimates but a miss of analysts' earnings estimates.

Monarch delivered the biggest analyst estimates beat among its peers. The stock is up 4.8% since the results and currently trades at $72.28.

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

MGM Resorts (NYSE:MGM)

Operating several properties on the Las Vegas Strip, MGM Resorts (NYSE:MGM) is a global hospitality and entertainment company known for its resorts and casinos.

MGM Resorts reported revenues of $4.38 billion, up 21.8% year on year, surpassing analyst expectations by 5.8%. It was a very strong quarter for the company, with an impressive beat of analysts' earnings estimates and a solid beat of analysts' revenue estimates.

The stock is up 0.3% since the results and currently trades at $45.8.

Read our full, actionable report on MGM Resorts here, it's free.

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