All stocks covered in the latest Gambling Share Prices 2023 – Issue 13 are in the green since their January 2023 opening prices! (Photo by MediaModifier on pixabay.com)
The month of June has proved to be particularly tricky for iGaming investors.
While all the major international indices are pushing up (with the exception of the Nasdaq), some of the gambling stocks are not fairing so well.
Online gambling companies continue to sign new partnerships and acquire businesses that complement their existing portfolios but their deals don’t always inspire investor confidence.
There are many domestic and foreign players in the fairly fragmented global online gaming market. These players are in fierce competition with one another; occasionally, these deals don’t pan out.
Additionally, informed consumers expect ongoing developments and innovations in online gambling; yet suppliers may suffer due to the rapidly changing technical landscape.
This report will review stock movements over the last couple of weeks for Playtech, Evolution, Aristocrat, Light & Wonder, 888 Holdings and Inspired Entertainment.
What happened in the last report? See for yourself via our Gambling Share Prices 2023 – Issue 12 update here.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Playtech continues to sign partners in countries where the iGaming industry is properly regulated. PTEC signed a deal with 10bet in the UK/Sweden, making Playtech its sole provider of online sports betting in the UK. The company boosts 1m regular users and this will enable PTEC to penetrate the lucrative Swedish market. Market analysts are positive about the partnership and expect high single-digit growth by Q4. PTEC has moved horizontally since the last report and is currently trading at 605 GBX, seeing resistance at 611.50 GBX and support at 603 GBX.
Current Price: 605.00 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+98.50 GBX (+19.44%)
Aristocrat – (ALL)
- Since the last report Aristocrat stock has risen a respectable 6%, mirroring the international indices, but may have hit a wall. Many market analysts feel that ALL needs to tighten up its balance sheet and continue expand into lucrative markets, gaining market share. This is a fine line to walk as the company needs to offset debt and returns on equity, to outperform competitors in the same sector. The company opened up today, trading at 39.70 AUD and seeing resistance at this level, which is a yearly high.
Current Price: 39.70 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+9.04 AUD ( 29.46%)
Light & Wonder – (LNW)
- Shares of Light & Wonder have been very flat since the last report, with a 1.5% upward movement. Analysts are closely monitoring its strategic movements in the Americas and recent stepping up of their efforts in Asia. The Asian expansion is focusing on designing games that appeal to the Asian market, specifically South Korea, the Philippines, India and Macau. The company continues to hire key game design staff that are familiar with these regions. The company has traded down in the last week and closed at 64.99 USD, seeing resistance at 66.97 USD and support at 62.96 USD.
Current Price: 64.99 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+8.04 USD ( 14.11%)
888 Holdings – (888.L)
- 888 Holdings, the owner of 888Casino and Sports, had a spectacular run from the beginning of June. This rise is attributed to a second consortium of investors that bought a substantial stake of the company. 888 is up 17% since last week and is outperforming all of its peers. The stock opened down today and is currently trading at 117.90 GBX. The share price is seeing resistance at 123.80 GBX and support at 117.35 GBX.
Current Price: 117.90 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+33.30 GBX (+39.36%)
Evolution – (EVO)
- Evolution has done extremely well in the last year, up 51% and up 33% since January. The stock has dropped 2% in the month of June and is down 2.6% since the last report, not looking very dynamic at the moment. The company’s focus is B2B, creating, presenting and licensing of iGaming products… not directly interacting with the public, leaving the responsibility up to the operators. This business model has excellent margins and analysts expect the company to continue to expand market share and market position. EVO shares opened down today and were trading at 1,396 SEK, perhaps signalling a buy for avid investors.
Current Price: 1,396 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+368 SEK (+35.84%)
Inspired Entertainment – (INSE)
- Inspired Entertainment in another iGaming stock that has crept up slowly over the last year, rising 53%. While the share price performance since January has been commendable, it is only up 12% and flat since the last report. The stock is currently trading at 14.49 USD and is experiencing resistance at 15. 68 USD and support at 13.76 USD.
Current Price: 14.49 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
+1.64 USD (+12.76%)
Disclaimer: The prices here are for guidance only as we are not a financial expert. For the most up-to-date stock prices please see Yahoo Finance or Google Finance. You can also get more info from Investing.com.
Leave A Comment