HomeIndustriesEntertainment & Media360 Round: DKNG Overvalued, MGM Waiting on ‘Macau Resurgence’

360 Round: DKNG Overvalued, MGM Waiting on ‘Macau Resurgence’

Zach Warring and Dan Crowley check the odds on gaming stocks. Zach calls DraftKings (DKNG) a “leader” but thinks the stock has run up too far, necessitating his Hold rating. Dan adds that there is risk of regulatory action; MGM Resorts (MGM) is his top pick based on valuation and his belief in a “Macau resurgence.” Zach highlights MGM returning cash to shareholders.

Trading 360

14 Feb 2025

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