Inspired, Evolution, Entain, Aristocrat, L&W & Playtech all green since Jan while 888 is catching up – Gambling Share Prices 2023 – Issue 11! (Photo by MediaModifier on pixabay.com)
The iGaming industry has held up surprisingly well over the last couple of weeks.
But… with looming U.S. economic data being released this week, the situation could change very suddenly.
The key economic reports this week are New Home Sales (released today), the FOMC meeting minutes earlier this month and jobless claims.
This data will definitely influence markets around the world.
If the data shows that the U.S. market is slowing, it could trigger a recession. Inflation is forcing the average person to cut back on non-essentials, such as vacations, expensive household items and extra-curricular activities such as gambling.
Gambling Company Shares Issue 8: This week’s iGaming report looks at Playtech, Evolution, Aristocrat, Light & Wonder, 888 Holdings and Inspired Entertainment and examines the last couple of weeks to see where they may be headed… and why. You can also check the 10 May 2023 Gambling Share Prices 2023 (Issue 10) here.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Playtech has been a very stable stock in the iGaming industry over the past year. PTEC is up 16% over the last year, up 16% since January and up 6% in the last 2 weeks and is currently trading at 630.50 GBX. The current run up could be due to some internal changes in senior management with the appointment of a new Independent Non-Executive Director. The rise in stock price could also be attributed to the company’s commitment to a strategy of successful partnerships in regulated markets. Recent PTEC partnerships include casino DAZN Bet, Betfred, sports betting company Gold Rush and an extension of a longstanding relationship with retail betting giant Paddy Power.
Current Price: 630.50 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+124.00 GBX (+24.5%)
Aristocrat – (ALL)
- While Aristocrat is up a meager 3.2% since the last report, the company continues to attract investors interested in their business model. The stock is moving in a sideways trend at the moment but is up 26% since the start of the year. The stock price is currently trading at 38.73 AUD and is just coming off a yearly high of 39.74 AUD. The stock is seeing resistance at 39.74 AUD and has strong support at 38.11 AUD.
Current Price: 38.73 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+8.07 AUD (26.34%)
Light & Wonder – (LNW)
- Light & Wonder continues to struggle because of less than positive financial data on May 9th, when it was announced that revenue growth was down 1% and EPS growth was 0. The news was not well received but makers still believe that the company is on the precipice of a large run. For this to happen, trading volumes would have to increase 40% to almost normal volumes. The company is also proposing to buy the remaining 17% shares of SciPlay for 20 AUD (422m AUD). On the announcement share price of ALL went up marginally but has come off since then and is currently trading at 62.20 AUD.
Current Price: 62.20 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+5.25 USD (9.22%)
888 Holdings – (888.L)
- The troubled 888 Holdings company continues to strengthen its financial stability by selling off entities that are underperforming or have no impact on their operations. They have just sold their Latvian business (under William Hill) to Paf Consulting for £24.7m. In the last 2 weeks, as the consolidation proceeds, the stock has stagnated, coming off approximately 1%. The stock is currently trading at 77.00 GBX and is seeing resistance at 82.30 GBX and strong support at 74.90 GBX.
Current Price: 77.00 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-7.60 GBX (-8.99%)
Entain – (ENT)
- Entain is another stock that is stuck in the doldrums at the moment. Since the last report the share price hasn’t fluctuated more that 30 GBX. A recent deal was signed with Tab NZ, to provide betting and broadcasting for the next 25 years and this has moved the stock price up minimally. The NZ governmental approval will enable the amendment of 3 horse racing codes and support 38 national sporting organisations. ENT will incrementally increase financial investment into Tab NZ over 4 years. Next year ENT will invest £86m and £200m by 2028. The stock opened up today and is currently trading at 1,485 GBX, seeing resistance at 1,492 GBX and support at 1,466 GBX.
Current Price: 1,485.00 GBX
3 Jan 2023 Open: 1,328.50 GBX
2023 Performance
+156.50 GBX (+11.77%)
Evolution – (EVO)
- Evolution has kept to its fundamental strategy of developing online games, specifically live casino and RNG (slots) and as a result is the leader in this segment of the industry. The digitization of live casino market has allowed customization for its clients, interaction with players worldwide and massive savings in operations. EVO is up 45% over last year and hit a 2 year high of 1,439 SEK a few days ago. It is up 10% since the last report and is currently trading 1,420 SEK.
Current Price: 1,420 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+392 SEK (+38.14%)
Inspired Entertainment – (INSE)
- Since hitting a yearly high of 16.44 USD in March, INSE has come off 13%. The stock price has struggled, but in the last couple of weeks has rebounded 12%, regaining some of its losses. The recent surge is due to market analysts revising their EPS estimates for the iGaming company. INSE is expected to earn 0.29 USD which is 11.5% higher than this time last year. The higher estimate has attracted attention and investors have pushed up the stock, signaling there still may be some upside in the current rise in price. The stock opened up today and is currently trading at 14.13 USD.
Current Price: 14.13 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
+1.28 USD (+9,95%)
Disclaimer: For real time prices and the performance of stocks from day-to-day, please check Yahoo or Google finance. The figures on this page are simply guide and are not for investment purposes.
Leave A Comment