As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the casino operator industry, 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 mixed Q4. As a group, revenues beat analysts’ consensus estimates by 0.9%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 11% 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 $1.84 billion, flat year on year. This print exceeded analysts’ expectations by 2.8%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.Wynn Resorts Total Revenue

The stock is down 7.9% since reporting and currently trades at $74.10.

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

Best Q4: 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 $134.5 million, up 4.9% year on year, outperforming analysts’ expectations by 4.4%. The business had a very strong quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.Monarch Total Revenue

Monarch delivered the biggest analyst estimates beat among its peers. The stock is down 11.1% since reporting. It currently trades at $76.26.

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

Weakest Q4: 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.

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Bally's reported revenues of $580.4 million, down 5.1% year on year, falling short of analysts’ expectations by 1.9%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income and EPS estimates.

Interestingly, the stock is up 28.7% since the results and currently trades at $16.75.

Read our full analysis of Bally’s results here.

Red Rock Resorts (NASDAQ:RRR)

Founded in 1976, Red Rock Resorts (NASDAQ:RRR) operates a range of casino resorts and entertainment properties, primarily in the Las Vegas metropolitan area.

Red Rock Resorts reported revenues of $495.7 million, up 7.1% year on year. This print topped analysts’ expectations by 1.4%. More broadly, it was a slower quarter as it produced a significant miss of analysts’ EPS estimates and a slight miss of analysts’ adjusted operating income estimates.

The stock is down 18.1% since reporting and currently trades at $41.70.

Read our full, actionable report on Red Rock Resorts here, it’s free.

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 19.6% year on year. This result was in line with analysts’ expectations. Aside from that, it was a softer quarter as it logged a significant miss of analysts’ EBITDA and EPS estimates.

PENN Entertainment scored the fastest revenue growth among its peers. The stock is down 22.1% since reporting and currently trades at $15.89.

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

Market Update

Thanks to the Fed’s rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn’t send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump’s November win lit a fire under major indices and sent them to all-time highs. However, there’s still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy.

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.

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