Up on 2023’s price opening are ALL (+32.92%), LNW (+51.20%), and EVO (+4.86%). INSE (-39.30%) and PTEC.L (-13.95%) are currently in the red! (Image by Mohamed Hassan from Pixabay)
Many large iGaming companies are involved in gaming research to expand their markets through innovation and how humans interact with their games.
These factors are the key to engaging gamblers and the continued success of iGaming companies. For example, recently, BGaming entered the scratch card niche.
The evolution of entertainment and what constitutes entertainment has advanced rapidly over the last 30 years. The definition of fun/entertainment has also changed, so companies have devoted much time and resources to satisfy user needs and demands.
The maturation of technology and its infiltration into the iGaming industry has forced these companies to develop (trial & error), adapt and utilise this data to keep gamblers engaged.
The user experience goes hand in hand with innovation, as it is necessary to rely on these factors to adapt to the demands and engagement of users. The experience must be user-friendly, attractive, and have catchy titles and cutting-edge technology to ensure a positive experience. If these fundamentals can be achieved to sync with the user and their lifestyle, the games will be a success.
Innovation is also essential as it will perpetuate the brand and experience. The average user demands education and wants a diverse, quality experience that challenges them. Technology changes rapidly, and so do the games. Companies cannot rely on a few popular games; they have to continually design and test alternatives that don’t become routine for the user. It is a necessity for the gambling entertainment industry to evolve existing games and create new games to present unique experiences for their users.
The iGaming industry continues to grow to meet its users’ demands and ever-changing tastes. For this reason, the industry needs to strive to raise the bar and to do so constantly, you need top-of-the-line technology, specialised teams and studios that are creative, adaptable and able to work in a fast-paced environment.
Gambling Company Share Price Reports: Two weeks ago we produced the Gambling Share Prices 2023 – Issue 23. If you’d like to check the previous prices, please feel free to track back an make comparisons. This report will also lead back the the Gamble Share Prices 2023 – Issue 23.
Gambling Share Prices Update
Playtech – (PTEC.L)
- After a 6-month decline, Playtech has started to move into positive territory. In the last month, PTEC has recouped 13% of its losses but is still down 18% for the year. The share price has suffered in 2023 due to legal and poor quarterly earnings issues. Market analysts believe that the global company will grow and continue to expand in regulated markets, particularly the U.S. where more states are legalizing gambling. PTEC is currently trading 436 GBX with strong resistance at 452 GBX and support 408 GBX.
Current Price: 436 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
-70.50 GBX (-13.95%)
Aristocrat – (ALL)
- Aristocrat is up a respectable 33% for 2023 despite tax increases, fluctuations in currency and regulatory headwinds. The share price hasn’t fluctuated much since hitting a yearly high of 43.09 AUD last August. iGaming analysts are positive on ALL stock as they have released 3 games across the EMEA region through the partnership with For Sale Link games and will increase the dividend payment to 0.34 AUD in December. The company trades at 40.75 AUD with weak resistance at AUD 41.40 and support at AUD 39.48.
Current Price: 40.75 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+10.09 AUD (+32.92%)
Light & Wonder – (LNW)
- Light & Wonder continues to outperform its peers in the iGaming industry. The company is up 48% in 2023 and up 6% in the last 2 weeks. LNW hit a yearly high 2 weeks ago of USD 87.86 after releasing the Q3 earnings data. A consensus of market analysts believes that LNW will continue to grow and expects the company’s earnings to double in the next two years. The optimistic outlook will depend on expanding territory and market share shortly. The stock trades at USD 86.11 and is poised to rise to higher highs.
Current Price: 86.11 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+29.16 USD (+51.20%)
888 Holdings – (888.L)
- 888 Holdings have been in the doldrums after posting poor Q3 earnings and then cutting their Q4 outlook. Analysts are still positive after the 10% revenue decline and believe the company has positive momentum and a good foundation for future profits. The share price of 888 is currently trading at 81.48 GBX. The company also received great news this week. Its William Hill brand won the ‘Football Betting Operator’ and ‘Horse Racing Operator’ awards at the latest EGR Operators Awards 2023. Adding to this, at the EGR Italy Awards 2023, 888Casino won the ‘In-house product innovation’ of the year award.
Current Price: 81.48 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-3.12 GBX (-3.69%)
Evolution – (EVO)
- Evolution continues to fill the demand for the live casino environment and recently released a new title Red Door Roulette. The game has been well received by industry critics which may boost their Q4 earnings. Last month EVO posted their Q3 results and the share price is up a marginal 3%. The stock is currently trading at 1,078 SEK with resistance at 1,154 SEK and support at 994 SEK. As 888 Holdings celebrates it William Hill award wins at the EGR Operators awards, Evolution also picked up awards recently. It won the ‘Casino & iGaming Supplier of the Year’ at the SBC Latino American Awards 2023.
Current Price: 1,078 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+50 SEK (+4.86%)
Inspired Entertainment – (INSE)
- Two weeks ago, Inspired Entertainment announced that the company needed more time to release its Q3 data and the stock got punished. The stock dropped 29.5% on the news and is now under investigation by the SEC. INSE stated that financial statements for the years ended December 31, 2021, and 2022 (and all interim reports) should not be relied upon. Stockholders have hired a law firm to recoup any losses that can be verified. The stock price currently trades at USD 7.80 and is just off a 3-year low of USD 6.12.
Current Price: 7.80 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-5.05 USD (-39.30%)
Disclaimer: The information in this Gambling Share Prices 2023 – Issue 24 report is purely to keep track of iGaming stock prices for some of the software providers that supply game to online gambling entertainment platforms listed in our casino reviews section.
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