A solid showing for almost all iGaming company shares in the Casinoplusbonus latest bi-weekly Gambling Share Prices 2023 – Issue 16! (Photo by MediaModifier on pixabay.com)
The iGaming industry is constantly evolving, and trends in live sports betting, media and entertainment are essential in today’s connected society.
Sports, media and entertainment are now intertwined in a dynamic environment with unique opportunities and difficulties.
As we observe daily, iGaming companies may adapt and profit from the changing environment by keeping up with these developments. There is increasing competition, technological advancements, different platforms (shops/digital) and a new trend – live betting (in-play).
It is essential for companies to rapidly revise their strategies to adapt to and adopt these advancements. This helps them stay current and make wise choices, whether including sports betting during live sports broadcasts or ongoing innovation in entertainment experiences. As a result of embracing these trends – the sports, media and entertainment industries can explore new opportunities for engagement, revenue generation, and audience reach.
This week the report will examine how the iGaming companies below have fared in the last couple of weeks and give insight into where they may be headed. The companies include Playtech, Evolution, Aristocrat, Light & Wonder, 888 Holdings and Inspired Entertainment.
18 July Gambling Company Share Reports: For results from this same report 2 weeks prior, head over to the Gambling Share Prices 2023 – Issue 15 update.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Since the last report, Playtech experienced a slight boost in share price and hit a monthly high of 600 GBX but has come off in the last 7 days. The company experienced a pullback from investors when they closed the £257m issuance of senior notes. While this type of security generally attracts investors, the market has viewed the unsecured debt unfavourably. The share price is currently at 562.10 GBX, with support at 554 GBX and resistance at 570 GBX.
Current Price: 562.10 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+55.60 GBX (+10.99%)
Aristocrat – (ALL)
- Aristocrat continues outperforming its peers and hit a yearly and year-to-date high of AUD 40.10 last week, up almost 30% since January. The company has gained a substantial foothold in North America and is increasing its gaming operations there, expanding its market share. The N.A. operations account for 49% of group earnings through partnerships and leasing 30 of the top 50 wide area progressive games (WAPs), slot machines linked by a network across multiple locations. The stock price is set to break out to new yearly highs if it can break the resistance of AUD 40.10. The share price currently trades at AUD 39.75, with support at AUD 39.11.
Current Price: 39.75 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+9.09 AUD (+29.66%)
Light & Wonder – (LNW)
- Light & Wonder’s share price has been flat since announcing that their CFO will step down from LNW at the end of August. This news did not affect share price as the stock hit new yearly highs recently and is up 21% since the beginning of the year. The company has shown resilience in the face of challenging headwinds, which has market analysts at odds with each other. While some have optimistic targets, others believe the stock has hit an apex and a market correction is imminent. It is expanding as the brand recently released a new live casino game show in conjunction with Authentic Gaming. The company will release Q2 results on August 8th, and the lull in share price could be a ploy by investors to buy at current prices only to see it surge after announcing their financial data. (Corruption in the stock market? noooo! errr yes indeed). The stock is trading at USD 70.30 and is set to break out if it can cross-resistance at USD 71.86.
Current Price: 70.30 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+13.35 USD (+23.44%)
888 Holdings – (888.L)
- The troubled 888 Holdings continues to make changes to rectify recent takeover bids, scandals and executive indiscretions. The management of 888/William Hill will change drastically in the next few months as key executive appointments have been made. The Chairman has appointed a new CEO who will join the team in October. The UK/Irish operations got a new Managing Director last week. The new leadership will shape the future of 888 in the UK and make recommendations on the white paper to map out future gaming legislation. 888 has also signed a new partnership with the UK Racing League, making them the official betting company for six races across the UK, increasing interest in the company. 888 has made fundamental changes and is serious about turning the company’s fortunes around. The stock opened today and is trading at 111.20 GBX and has resistance at 111.40 GBX and support of 100.50 GBX.
Current Price: 111.20 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+26.60 GBX (+31.47%)
Evolution – (EVO)
- Evolution released mixed Q2 financial data last week, and investors responded accordingly. Revenue increased 28.2% to £378m from £266m in the same period the previous year. EBDITA increased almost 31%, and profit increased 31.3%, driven by the live casino business. But market analysts were not pleased with the industry’s Random Number Generator (RNG) segment, rising only 5.8%. As a result, the stock dropped minimally and has since bounced back. The share price is currently trading at 1,297 SEK, seeing resistance at 1,311 SEK and support at 1,281 SEK.
Current Price: 1,297 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+269 SEK (+26.20%)
Inspired Entertainment – (INSE)
- Inspired Entertainment operates in both the land-based arcade slot machine and online casino areas of the industry. has edged down since the last report, shedding another 6.4%. Bear investors still seem to be in control of INSE as their Q2 financial results date approaches; the date has not yet been confirmed (sometime next week). The company remains relatively flat, down 2% since January but almost 15% in July. INSE opened down today and continues its downward slide. The stock trades at USD 12.58, with support at USD 12.41 and resistance at USD 12.66.
Current Price: 12.58 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-0.27 USD (-2.10%)
Disclaimer: Please not that this report is not for investment advice. It is purely informational. The actual stock prices are not real time and will have changed since this iGaming company shares update was published.
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