Evolution Gaming share price continues its rampant upswing – see more in our latest Gambling Share Prices 2023 Issue 8. (Photo by MediaModifier on pixabay.com)
It is hard to believe 2 weeks have already shot by bringing the CasinoPlusBonus news pages the next edition of our gambling company share report.
The iGaming industry is in a state of flux at the moment. While investors await news on new regulatory changes/updates in the UK (and to some extent, some US states), they are content to hold their positions. The market remains flat, with the exception of Evolution, as consumers struggle with inflation and lack of disposable income.
As the gambling industry makes new headway into technological advances, streamlines expenses and continues to consolidate and acquire new companies, the market should see better financial quarters in 2023.
This week the update includes Playtech, Evolution, Aristocrat, Light & Wonder, 888 Holding, Entain and Inspired Entertainment and the report will examine the price movement in the last couple of weeks and where they may be headed.
Gambling Company Shares Issue 7: Take a look the share prices reported 2 weeks ago via the Gambling Share Prices 2023 (Issue 7) update. From this report, you can go all the way back to Issue 1 2023 and even further back into 2022’s gambling company shares reports.
Gambling Share Prices Update
Playtech – (PTEC.L)
- The share price of PTEC has not increased despite the company’s continued market expansion. The company’s approach to signing sports betting deals in a number of regions has not produced the short-term results they had expected. Playtech saw a substantial increase in yearly revenue for 2022 but the results were hampered by a 90% increase in operational costs. As the company restructures and attempts to reduce these costs, price movement has been minimal. In the last 2 weeks, PTEC has risen 4% and is flat since the start of the year. The stock is currently trading at 530 GBX and is seeing resistance at 541 GBX.
Current Price: 530.00 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+23.50 GBX (+4.64%)
Aristocrat – (ALL)
- Aristocrat initiated a $500m AUD stock buyback program last year and doubled the buyback last month to $1b AUD for the remainder of 2023. The stronger cash flow will enable ALL to increase shareholder dividends and increase strategic acquisitions and growth. The share price has climbed incrementally since January 2023 and is up 24% but has remained flat in the month of April. The stock is currently trading at $38 AUD and is just off the yearly high of $38.49 AUD.
Current Price: 38.00 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+7.34 AUD (23.90%)
Light & Wonder – (LNW)
- Light & Wonder has considered a secondary listing of its stock on the Australian Securities Exchange (ASX). The move would enhance the company’s exposure to more Aussie institutional investors but hasn’t announced a possible time line for the listing. Since the announcement, the LNW stock price has increased 9% and is currently trading at $60.11 USD. While the stock is only up 3.5% since January, market analysts remain positive on this company and expect this stock to remain in positive territory.
Current Price: 60.11 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
3.16 USD (5.45%)
888 Holdings – (888.L)
- Stock price movement for 888 Holdings has been rather dismal for the last year as is has plummeted 75%. The good news is that the stock is up 5.5% in the last 5 days and up 0.3% since the last report. The embattled company is trying to bounce back from a series of serious setbacks that recently include a record £19.2 m fine that the UK Gambling Commission has meted out. The William Hill division of 888 Holdings failed to enforce anti-money laundering and responsible gambling measures. The company’s license was in jeopardy with the gambling commission but because William Hill cooperated and implemented improvements, they were allowed to pay the fine and continue to operate as usual. 888 opened up today and is currently trading at 55.05 GBX.
Current Price: 55.05 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-29.55 GBX (-34.88%)
Entain – (ENT)
- Entain’s monthly customer base continues to grow and was up 7% in the last year. As the company continues to make strategic acquisitions to grow this base, it acquired 365Scores several days ago. The latest purchase will enhance data-driven sports media and interactive content and grow future strategic ambitions. One of the top five score applications in the world, 365scores has more than 15 million active users. The stock rose very little on the news and is currently trading at 1,287 GBX, a monthly high.
Current Price: 1,287 GBX
3 Jan 2023 Open: 1,328.50 GBX
2023 Performance
-41.50 GBX (-3.12%)
Evolution – (EVO)
- Evolution continues to outperform its peers. The company recently hit a yearly high last month of 1,357.60 SEK. Some of the impressive factors are EVO’s earnings growth has surpassed industry experts’ predictions since 2021. The company is currently debt free and all dividends are covered by earnings and cash flows. EVO is currently seeing resistance at 1,357 SEK and if it breaks through this level the next resistance level is 1,392 SEK. The share price is relatively close to breaking an all time high of 1,672 SEK and analysts are bullish that EVO will achieve this in H2 of 2023. However, for now its settled in at 1,315 SEK, which is exactly the same as 2 weeks ago.
Current Price: 1,315 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+287 SEK (+27.94%)
Inspired Entertainment – (INSE)
- INSE missed their Q4 earnings last month by a huge margin… $0.29 per share. On news of the announcement the stock has come off 12% and down 3% since the last update. The stock opened up today is currently trading at $12.33 USD. Inspired has inked a deal in Pennsylvania with Caesars Sportsbook & Casino and offer gaming content, systems and technological solutions. This expansion includes other states as well – New Jersey and Michigan, which the company believes will enhance their H1 revenue.
Current Price: 12.33 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-0.52 USD (-4.05%)
Disclaimer: This report is only for those looking for a difference in iGaming share prices over bi-weekly periods. It is not an investment tool. We are not a financial content website nor do we offer any stocks or shares advice.
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