Since the previous 2023 share price update there’s a drop off in price for most stocks, yet, most are still up on last year’s opening price. (Image by Mohamed Hassan from Pixabay)
The iGaming industry quickly adopts important digital trends and technologies, such as augmented reality (AR) and artificial intelligence (AI). It is always searching for the next big thing to incorporate into its offerings. The best predictor of a successful 2024 is to recognise these crucial trends early on, particularly if you want an early advantage over rivals.
The need for iGaming platforms to give operators ever-more-impressive player experiences has grown along with technology. Giving a typical out-of-the-box solution is no longer acceptable; instead, what’s most needed is a personalised and customisable platform that offers a VIP player experience.
New Tech
The distribution channels have changed significantly for platform providers, opening up opportunities for operators to offer experiences that rival those of other mainstream entertainment providers. Players respond positively to this even though it has reduced the distance between entertainment and iGaming.
The necessity of a mobile-first strategy has become increasingly apparent as the industry shifts toward a more entertainment-led trajectory. The COVID-19 pandemic has worsened by encouraging players to play online games on tablets and smartphones.
The need for operators to make investments in responsive design technology is growing. It is ensured that players can effortlessly enjoy their favourite games on their mobile devices by developing specialised mobile applications.
The Rise of AI
While AI will impact many aspects of the industry, analysts predict that in 2024, the transformation of the current user experience will take centre stage, so much so that artificial intelligence will play a central role in developing customised gaming experiences that suit different player preferences.
Additionally, artificial intelligence is anticipated to be extensively employed to guarantee fair play and identify and stop possible fraud. This will boost security and provide that crucial additional barrier to keep players safe.
AI and machine learning (ML) are critical for advancing the iGaming industry. Almost every aspect of a contemporary iGaming platform—a sportsbook or casino—cannot operate at its best without these technologies. Their practical applications improve user experiences and open fresh avenues for boosting operator profits and player safety.
Use of AR & VR Growing
In the last five years, suppliers have primarily tested AR and VR to determine what works and what doesn’t for operators and players. These days, these technologies have advanced significantly, changing how we view and interact with our environment and experiences.
VR and AR will eventually play significant roles in the evolution of iGaming as new content distribution channels; analysts’ consensus sees these developments as positive.
Ever Changing Regulations
Globally, as technology advances, an increasing number of nations have regulated or are in the process of regulating gaming. As a result, operators are working harder to customise their offerings to meet these standards, and the complex web of licensing and regulations is expanding daily. Companies have utilised specialised software solutions that adapt quickly to new regulatory changes in any market.
Gambling Company Share Price Reports: For prices from 2023’s final report, please rewind back to Gambling Share Prices 2023 – Issue 26.
Gambling Share Prices Update
I’ve kept the 2023 market open rates for this report so we get a good comparison of each iGaming stock’s performance over the past 12 months. In our next report. we’ll begin tracking each stock from it’s 2 January market open price.
Playtech – (PTEC.L)
- Playtech struggled in 2023 and finished the year with the share price down 21%. The online slots software provider, live casino gaming, and sports betting company suffered several setbacks, including the failed takeover of 888 Holdings, the ongoing legal battle with Caliplay, and poor H2 earnings results. On the positive side, the company has recently signed a significant deal in the U.S. with Boyd Gaming. PTEC will supply various casino slots and live casino games to Boyd’s Stardust-branded online casinos. Playtech was trading at 438.40 GBX at market close on Monday, 8 January.
Current Price: 438.40 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
-68.10 GBX GBX (-13.45%)
Aristocrat – (ALL)
- Aristocrat has enjoyed an outstanding 2023 share price as it hit yearly highs. The company is up 28% for the year but started to decline from mid-December and is down 3.6% in the last two weeks. The company posted better-than-expected earnings in H1 & H2, and investors responded positively. ALL is currently trading at AUD 40.31 with resistance at AUD 41.76 and support at AUD 39.26.
Current Price: 41.76 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+11.10 AUD (+36.18%)
Light & Wonder – (LNW)
- Light & Wonder continues to outpace its peers by posting positive financial reports throughout the year. The company generates most of its revenue in the U.S. but has expanded abroad… most recently with Hollywoodbets in South Africa. Players can access top games from LNW in the regulated market. LNW has showcased a 300% increase in revenue, year-on-year, with net income hitting USD 80m. The company is trading at USD 77.60 at this time, which is a slight drop from our 20 December 2023, when it was trading at 86.82 USD.
Current Price: 77.60 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+20.65 USD (+36.20%)
888 Holdings – (888.L)
- In 2023, 888 Holdings experienced many self-inflicted setbacks. The company was charged with money laundering; the CEO stepped down, and they survived a hostile takeover, hefty fines and a drop in revenue. While this may have bankrupted many companies, 888 maintained a remarkable decline in share price of only 3.3% for 2023. The company trades at 84.86 GBX with solid resistance at 93GBX and support at 86.19 GBX.
Current Price: 84.86 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+0.26 GBX GBX (+0.31%)
Evolution – (EVO)
- Evolution posted a disappointing year as the company reported falling revenue. The company is up 7.2% for the year, well below investors’ expectations. EVO is down 3% since the last report and is currently trading at 1,173.80 SEK, with resistance at 1,148 SEK.
Current Price: 1,173.80 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+145.80 SEK (+14.18%)
Inspired Entertainment – (INSE)
- Inspired Entertainment has steadily declined for six months. The company failed to supply Q3 financial reports in September and is now under investigation by the SEC and a law firm hired by the shareholders. The company admitted last month that they understated operating costs for the previous two years and did not follow standard GAAPs. The share price has suffered and is down 24.6% for 2023. It is currently in a bearish trend, trading at USD 9.82.
Current Price: 9.82 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-3.03 USD (-23.61%)
Disclaimer: Please do not use the information on this page as financial advice. The iGaming stock prices are purely for informational purposes keeping our readers up to date with some of the largest online casino companies who also operate PLC’s with stocks available for purchase.
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