In this week’s Gambling Share Prices 2023 – Issue 12 all are in the green since the year’s start bar 888 still trailing its starting price. (Photo by MediaModifier on pixabay.com)
The iGaming industry continues to evolve rapidly due to several factors. The most significant changes in the industry are the new global regulations, cryptocurrencies/blockchain, the influx of AR/VR and the growth of AI.
The publication of the UK’s white paper signalled that player safety is a priority in the industry and have proposed new laws to ensure responsible gambling is affordable and not harmful. Many countries have followed suit and are implementing their own regulations so that customer engagement protects the consumer on every level.
The integration of cryptocurrencies and blockchain technology in the iGaming industry continues to grow. This innovation intends to make transactions easier/faster, especially when withdrawing and depositing money between different nations. The most popular crypto-gambling sites are casinos; many accept various top-traded coins – BTC, ETH, LTC, BCH and XRP.
As the games advance, particularly in the virtual casino environment, VR/AR has gained recognition. This technology is still in its infantile stage but is increasing a more realistic gaming experience, enabling users to make their own avatars and play with other users in real time.
The incredible power of AI has attracted the iGaming industry as they adopt models to improve cybersecurity, monitor player protection, game development and improve marketing campaigns. AI has a wide range of uses, making it a technology that is simply too vital to ignore in the iGaming industry.
The week’s report will examine how Playtech, Evolution, Aristocrat, Light & Wonder, 888 Holdings and Inspired Entertainment have fared in the last two weeks.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Since the last report, Playtech, the master of Age of the Gods slots and casino platforms, has shed almost 4% but is still up 10% for a full year. The company hit a year 52-week high last month with the share price reaching 640 GBX. Industry analysts continue to support PTEC and expect the stock to break through the resistance of 614.50 GBX in the coming week. The share price is currently trading at 608.75 GBX
Current Price: 608.75
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+102.25 GBX GBX (+20.18%)
Aristocrat – (ALL)
- The Australia-based company has recently announced they will be purchasing NeoGames for $1.8b AUD. The acquisition will expand their online gaming solutions (RMG) to gain entry into the lottery market, after their failed attempt to buy Playtech last year for the same purpose. While the company has increased incrementally in the last year by 11%, since January the share price is up 22%. ALL hit a yearly high last month of 39.74 AUD and is currently trading at 37.47 AUD and is seeing resistance at 38.30 AUD.
Current Price: 37.47 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+6.81 AUD ( 22.20%)
Light & Wonder – (LNW)
- Market analysts believe that LNW is poised to grow in 2023. The company continues to diversify and reduce its debt, bringing innovation to the forefront of the industry, which is an attractive option for investors looking at technical companies with development potential. The company is expressing positive, steady growth with 7% increase since the start of the year. The company is currently trading at 62.29 USD, seeing resistance at 62.87 USD and support at 61.37 USD.
Current Price: 62.29 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+5.34 USD USD (9.37%)
888 Holdings – (888.L)
- The troubled 888 Holdings, owner of William Hill, 888Casino and Mr Green, started to show signs of recovery in April, when it shot up 37%. Since then, the share price has come off and is pushing down slowly. 888 has lost 10% of those gains in the last month, as investors are not confident in the company’s announcement in April of higher adjusted profits in 2023. The company continues to shed non-profitable businesses and streamline operations, but investors are sitting on the fence, awaiting a new earnings date. 888 is currently trading at 70.30 GBX and has support at 69.10 GBX.
Current Price: 70.30 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-14.30 GBX (-16.90%)
Evolution – (EVO)
- Evolution Gaming continues to quietly expand into new markets and sign successful partners, to the satisfaction of investors. The stock is up 41% since last year, hitting 1,469 SEK in May… and up 11.5% in the last month. The share price is currently trading at 1,434.80 SEK and is seeing resistance at 1,449 SEK and support at 1,425 SEK. The recent increase in trading volume is signaling a bullish run in the coming week.
Current Price: 1,434.80 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+406.80 SEK (+39.62%)
Inspired Entertainment – (INSE)
- INSE, a land-based arcade video slot and online slot provider experienced an impressive gain of 18% a month ago but since the last report, the stock is very flat with a marginal gain of 4%. The company’s Q1 reported last month was not welcomed by investors as revenue was up only 3% and has reflected the meager gains. INSE is currently trading at 14.70 USD and is seeing resistance at 15.34 USD and support at 14.27 USD.
Current Price: 14.70 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
+1.85 USD (14.39%)
Disclaimer: This page is for casino players looking to track how well companies providing online casinos, sports betting, aggregator platforms, and casino game. It is not for investment advice and the prices will now have changed on the stock market.
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