Playtech’s stock price continues to shine, while L&W’s is still strong with forecasts for the gambling company’s year end as high as $167. (Image by Mohamed Hassan from Pixabay)
The gambling industry has always been a powerful revenue generator.
Revenue generation has fostered technological innovations that have accelerated all aspects of this industry. This review will look at some of the key advances in the past few years that have contributed to the growth and personalization of the industry.
Machine learning, specifically Artificial Intelligence, has been a game changer for iGaming companies.
These 2 factors have assisted in integrating social gambling elements into the industry. All divisions of casinos have realized AI’s capabilities and are now part of the intricate aspects of marketing, design and shaping players’ experiences.
Operations at casinos have been streamlined, and gamblers can enjoy a more personalized and enhanced user experience. Gamblers can enjoy a safer gambling experience as AI uses algorithms that identify repeat player and predict their behavior.
AI can also analyze player data to detect harmful patterns and encourage a player to take a break or reduce their bets. The use of this personal data has raised concerns with some gambling protection groups and the potential privacy issues that arise from the data collection.
Another major innovation in the iGaming industry is the introduction of Augmented Reality (AR) and Virtual Reality (VR). The use of AR/VR has elevated longer engagement levels in most of the games it has been introduced. VR casinos and AR horse racetracks are examples of this.
The players’ experience is much like a live event and is so pleasurable that the return of players is not in question. With the rise of this new metaverse and continual technological advances, the iGaming industry will grow.
The experience that the metaverse provides will be a driving force for players, and their imminent return, and one of the cryptos I expect to see leading the way is FTN. At the same time, there will also be plenty of fiat currency gambling in these metaverse iGaming environments.
Previous Casinoplusbonus iGaming Stock Reports: The last time I reported in the current state of iGaming was last month. You can take a look at the price differences in this month’s report version last month via my July 2024 Casinoplusbonus Gambling Shares Update.
Gambling Company Price Movements
London Stock Exchange (LSE)
Playtech – (PTEC.L)
Playtech has allegedly engaged in backroom discussions with Flutter Entertainment, recently disclosed by a UK media company. PTEC is purportedly in talks to sell Snaitech, one of Italy’s largest gambling companies, to Flutter.
The stellar performance of Snaitech will surely lead to other bids if this report is accurate. This news led to a 2-day increase in PTEC stock of 114 GBX. The stock price is currently trading at 651 GBX (up 16% this month), which is also a yearly high.
Current Price: 651.00 GBX
2 Jan 2024 Open: 445.40 GBX
(+205.60 GBX | +46.16%)
3 Jan 2023 Open: 506.50 GBX
(+144.50 GBX | +28.53%)
Australian Securities Exchange (ASX)
Aristocrat Leisure Limited – (ALL.AX)
The Australian based Aristocrat has expanded it’s reach into the U.S. by opening a new factory in southern Nevada. The maker of slot machines, cabinets and other technology opened their largest global manufacturing facility a few days ago.
This new factory will service the Americas and is double the size of their next biggest facility, which will meet current demand and future demand. ALL stock is up 2.13% from the previous report and is currently trading at 54.19 AUD.
Current Price: 54.19 AUD
2 Jan 2024 Open: 40.60 AUD
(+13.59 AUD | +33.47%)
3 Jan 2023 Open: 30.66 AUD
(+23.53 AUD | +76.75%)
(Nasdaq Stock Market)
Light & Wonder – (LNW)
Light & Wonder published its Q2 earnings on August 8th and provided solid numbers. Overall revenue was up 11.64% for the 8th consecutive quarter of double-digit growth. Gaming revenue was up 14%, the casino division, SciPlay was up 8% and online betting up 6%.
The company also announced a few days ago that it will start a $1b stock buyback program in the coming weeks. The LNW share price is up 4% in the last month and is currently trading at $107.70, with analysts expecting a price target of $167 by years end.
Current Price: 107.70 USD
2 Jan 2024 Open: 81.56 USD
(+26.14 USD | +32.04%)
3 Jan 2023 Open: 56.95 USD
(+50.75 USD | +89.12%)
London Stock Exchange (LSE)
EVOKE PLC – (EVOK)
Evok posted their Q2 earnings report on August 15th and we also reported in the gambling company’s H1 2024 Interim Results. The Q2 report initially caused the stock price to drop but it retraced in the following days and is up almost 19% for the month of August.
Revenue was down 2% for H1, but Adjusted EBDITDA was up 1%. The company stated that Q3 was on track for 6 to 9% growth, that their upgrade bet builder would drive revenue growth in H2. The share price is currently trading at 69.41 GBX and is off a yearly low of 52 GBX.
Current Price: 69.41 GBX
2 Jan 2024 Open: 91.00 GBX
(-21.59 GBX | -23.72%)
3 Jan 2023 Open: 84.60 GBX
(-15.19 GBX | -17.95%)
(Nasdaq Stockholm)
Evolution AB – (publ) (EVO.ST)
Evolution Gaming has recently announced the launch of a new innovative live game show, Lightning Lotto, which is expected to boost engagement across European and Asian markets. This new product comes as part of their ongoing strategy to diversify their game portfolio and attract a broader audience.
Additionally, Evolution has strengthened its presence in the U.S. market by signing new partnership deals with major operators, further solidifying its position as a leading provider of live casino solutions. Despite the earlier dip due to disappointing Q2 earnings, analysts remain optimistic about Evolution’s long-term growth, citing the company’s strong pipeline of upcoming games and continued expansion into new markets.
The share price was showing signs of recovery moving up to 1972 SEK, but is only up 1% in the past week, currently trading at 1,058 SEK, with expectations of continued improvement as new products are rolled out.
Current Price: 1,058 SEK
2 Jan 2024 Open: 1,217.40 SEK
(-159.40 SEK | -13.09%)
3 Jan 2023 Open: 1,028.00 SEK
(+30.00 SEK | +2.92%)
(Nasdaq Stock Market)
Inspired Entertainment, INC – (INSE)
Inspired Entertainment released their 2Q financial results for H1 of 2024. Revenue increased slightly from $75m to $75.6m from the previous year. The growth has been attributed to its interactive division, the Hybrid Dealer game show wheel in partnership with BetMGM.
The company stated that the interactive division will continue to contribute at least 31% growth to the bottom line for the rest of 2024. The major highlight of the report was that Adjusted EBITDA increased 69% year on year to $25.6m. The stock price is currently trading at $8.81 with strong resistance at $9.23.
Current Price: 8.81 USD
2 Jan 2024 Open: 9.84 USD
(-1.03 USD | -10.47%)
3 Jan 2023 Open: 12.85 USD
(-4.04 USD | -31.44%)
London Stock Exchange (LSE)
Flutter Entertainment plc (FLTR.L)
Flutter posted a robust Q2 financial report that beat market expectations. The key financial highlights were an increase in revenue of 20% and an Average Monthly Players (AMP) increase of 17%. The AMP can be accredited to their partnership with FanDuel which commands a 40% market share in the U.S. in the online and iGaming markets.
A week ago, the company announced they were opening a Global Capability Center in Hyderabad, India. The new $3.5m facility will employ over 700 people, capitalizing on India’s skills market. This new office will foster creativity, and growth and strengthen its presence in India and globally enhance its current operations. The share price of FLUT was trading at 15,695 GBX and is up 3.88% since the last report.
Current Price: 15,695 GBX
2 Jan 2024 Open: 13,935 GBX
(+1,760 GBX | +12.63%)
3 Jan 2023 Open: 11,405 GBX
(+4,290 GBX | +37.61%)
New York Stock Exchange (NYSE)
MGM Resorts International (MGM)
MGM Resorts suffered a $100m USD cyberattack last year and MGM management has stated that all of their casinos and hotels were operating normally after the 10-day attack. The staff are anonymously telling a different story almost a year later. Apparently, key cards still don’t work (for rooms/elevators), so guests have access to every floor creating security issues.
Staff members are now speaking out about not getting vacation time, schedules have to be done by hand, info concerning their paychecks/401 contributions/attendance points have still not been reinstated. The stock price has fallen 14% in the past year and is down almost 7% in the last month. The stock is currently trading at $36.92 and is in a bearish trend.
Current Price: 36.92 USD
2 Jan 2024 Open: 44.29 USD
(-7.37 USD | -16.65%)
3 Jan 2023 Open: 33.93 USD
(+2.99 USD | +8.81%)
Disclaimer: Please do not use the advice on this page to make investment decisions. This is simply a report that speculates future deals and confirms partnerships, and although this may seem like useful information, it is always best to get advice from a professional trading platform or financial advisor.
Leave A Comment