Gambling Share Prices 2023 – Issue 10 sees 888 Holding come close to recovering its start of year prices, while Inspired is just 3.66% away! (Photo by MediaModifier on pixabay.com)
Since the UK Gambling Commission released the white paper almost 2 weeks ago, outlining recommendations for future laws, the industry has weighed in with their thoughts and how it will change gambling in the UK moving forward.
The consensus among industry CEOs is that they have welcomed the majority of the proposals, particularly the implementation of prevention measures to address gambling harm to players.
This will include a statutory levy on all gambling companies to ensure continuous funding for treatment, education, and research.
While many feel that the commission has presented very detailed guidelines on most issues… they have not sufficiently addressed advertising and ads targeting children.
Research has shown that children are easily influenced by ads which could lead to problematic habits in adulthood. Social media has had a huge effect on this detrimental trend and was very evident during the Covid pandemic, where online advertising reached a staggering £1.5b (£846m on digital/social media) in 2022.
There are many obstacles to be tackled by the commission in the coming year, but the main issue is protecting the problematic gambler, which needs to be addressed in adolescence. The commission needs to update its “pre-online media” regulations and address gambling ads that target children so that potential long-term issues can hopefully be averted.
Gambling Company Shares Issue 9: For the same gambling shares update with prices from a fortnight ago, check out the Gambling Share Prices 2023 (Issue 9) here.
Gambling Share Prices Update
Playtech – (PTEC.L)
- PTEC stock has risen 15% since hitting a year-to-date low on March 28th. Since the last report, the stock is up 4.5% and is not far off a 1-year high of 595 GBX. PTEC is currently trading at 584 GBX and is seeing resistance a 588 GBX. It would appear that investors are positive about the recent partnerships and continue to support the Playtech iGaming and sports betting business strategy.
Current Price: 584 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+77.50 GBX (+15.30%)
Aristocrat – (ALL)
- Aristocrat is moving in a sideways pattern, with little movement either way, basically flat since the last report. The stock price is currently trading at AUD 37.50 but has been up 22% since the beginning of the year. Market analysts believe that the stock is poised to break out after reaching a yearly high of AUD 38.49 last month, see resistance at AUD 38.20 and support at AUD 37.01.
Current Price: 37.50 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+6.84 AUD (22.31%)
Light & Wonder – (LNW)
- LNW opened up today but is currently in the red and trading at USD 59.18, however, it is in the green for the year. Although it is up 25% in the last year, it has stagnated since 1 January and is up only 1% since the last report. The company is to release Q1 financial results on May 9th. The downward pressure of the stock could be due to market makers faking out the longs before the release of positive news, creating a sell-off for them to buy cheaply.
Current Price: 59.18 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+2.23 USD (3.91%)
888 Holdings – (888.L)
- 888 has surged 34.5% since last month but is still down 10% from the start of the year. The company has had a substantial amount of bad news over the last year but that seems to be behind them. The recently purchased William Hill is expected to achieve revenue targets/costs of £150m by 2025, driven by technology, a convergence of retail & digital gaming. This combination is the business strategy for 888 in the retail and online sectors. Market analysts are very bullish on the stock and state 888 could be one of the top 3 global operators in the next year. While the stock is only up 3.4% since the last report, it keeps pushing up incrementally and is currently trading at 79.57 GBX.
Current Price: 79.57 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-5.03 GBX (-5.94%)
Entain – (ENT)
- Last month the Entain Q1 financial data released NGR up 15%, and the stock price up 12% since the last stock report. The bulls continue to push the stock up and is currently trading at 1,488.50 GBX. The company has paid a small fine in Australia (AUD 13,320) recently for accepting 78 “in-play” illegal bets during a LIV Golf Tournament. This indiscretion has not hurt the stock price as it continues to hit monthly highs.
Current Price: 1,488.50 GBX
3 Jan 2023 Open: 1,328.50 GBX
2023 Performance
+160 GBX (+12.04%)
Evolution – (EVO)
- Evolution AB has done extremely well since January 1st, up almost 23% but has faltered since the last report. The stock is down 8% in the last 2 weeks and is currently trading at 1,291 SEK. The price drop could be due to an Independent Director selling a large portion of his stock, perhaps signalling a sell-off by investors.
Current Price: 1,291 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+263 SEK (+25.58%)
Inspired Entertainment – (INSE)
- The B2B content/solutions provider INSE continues to launch new games through innovation and technology. This strategy continues to push up the share price incrementally, which is currently trading at USD 12.38. The company has seen a 43% increase in stock price in the last calendar year and market analysts remain bullish on this stock.
Current Price: 12.38 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-0.47 USD (-3.66%)
Disclaimer: These figures are purely for guidance and are by no means stock. The prices are not real time and will have moved since the time of writing this report.
Leave A Comment