All 6 stocks covered in the latest Casinoplusbonus Gambling Share Prices 2023 – Issue 17 show yearly gains with LNW and ALL leading the way! (Image by Mohamed Hassan from Pixabay)
The month of August has proved to be a volatile month for the iGaming industry.
Most of the stocks covered in this report have dropped or experienced minimal gains, apart from Aristocrat and Light & Wonder.
These two companies continue to innovate and post above-average quarterly earnings.
ALL and LNW have solid, long-serving executive boards that appear ahead of the competition by executing profitable business/market strategies.
The rest of the industry seems to be going through an executive shake-up phase with fundamental personnel changes. One of the most prominent players in the market, 888 Holdings, will get a new CEO in October. The new appointments reflect a need to change fundamental company policies and strategic business plans under the new leadership, hoping to generate revenue and increase share price.
Other key company roles are constantly changing their team members to revamp different segments of their businesses. It is evident that the ever-changing executives in the iGaming industry are the only constant…
This week’s report will review the market movements of Playtech, Evolution, Aristocrat, Light & Wonder, 888 Holdings and Inspired Entertainment on their respective stock markets.
Gambling Company Share Reports: See what’s been happening with share prices over the year starting with Gambling Share Prices 2023 – Issue 15 update. You can track back from each report to the previous 2 weeks.
Gambling Share Prices Update
Playtech – (PTEC.L)
- The iGaming giant is still suffering the fallout from issuing £257m of senior notes announcement at the end of June. The stock price has continued to drop and has lost another 4% since the last report. To make matters worse, an independent non-executive director has resigned, leaving a vital decision-making role empty. The stock trades at 530 GBX with support at 521 GBX and strong resistance at 533.50 GBX.
Current Price: 530.00 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+23.5 GBX (+4.64%)
Aristocrat – (ALL)
- Aristocrat has been very flat in the last week, with minimal change in either direction. The stock price is up 4% since in the last couple of weeks and is trading at 41.32 AUD, which is a yearly high and close to an all-time high of 48.28 AUD, realized in November 2021. Investors are currently wondering if the stock has more upside, but is it a good time to buy at the present price? Analysts seem conflicted, as some are keen that the company will continue to creep up, and others feel that a market correction is imminent and a pullback is around the corner.
Current Price: 41.32 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+10.66 AUD (+34.77)
Light & Wonder – (LNW)
- Light & Wonder is another stock that continues to push up in an uncertain market. The share price is at a yearly high of 75.52 USD and not far off an all-time high of 86 USD. LNW finalized the acquisition of SciPlay last week, buying the remaining 17% equity in the company. Investors well received the 500m USD purchase as the share price jumped 9% since the announcement. This positive news is coupled with a solid Q2 earnings report released on August 9th. All financial metrics were up, and the most significant factor was the EPS consensus beat the estimates by 0.69 USD. Revenues were higher because of the exceptional sales of SciPlay and gaming machines, up 41%, because of an improvement in the U.S. market.
Current Price: 75.52 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+17.52 USD (32.61%)
888 Holdings – (888.L)
- 888 Holdings is up 12% in the last month but has lost those previous gains in the last few days. Since the last report the stock price has pulled back 2.4% and is trading at 105.60 GBX at todays open. The reason for the dip is mixed Q2 financial results. While earnings and revenue rose, the cost of sales/operating expenses rose considerably. The company continues to adjust their business strategy and expects to be on track for predicted full year results.
Current Price: 105.60 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+21.00 GBX (+24.82%)
Evolution – (EVO)
- Although Evolution has strong financial fundamentals, the stock price has dipped another 1.6% in the last 2 weeks. The stock has been in a downward trend since releasing Q2 data last month. The financial figures were up from the same time last year but investors were not impressed with single digit RNG numbers, reflecting the downturn in share price. Market analysts that cover EVO have stated that the company’s valuation is too high and lost confidence in the stock, another factor pushing the price down. EVO is trading at 1,239.80 SEK and is approaching a 6-month low. The stock has strong resistance at 1,270 SEK and support at 1,209 SEK.
Current Price: 1,239.80 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+211.80 SEK (20.60%)
Inspired Entertainment – (INSE)
- Inspired Entertainment released their Q2 financial data on August 9th to mixed reviews. The company missed analysts’ revenue expectations by 0.09 USD and experienced a slight drop but has since recovered and is trading in positive territory at 13.04 USD. The onshore/online metrics were marginal increases or slight declines and analysts’ consensus is that the company will miss Q3 and full year estimates. INSE executives expect that their NFL product will be delivered before the season starts and stated that this will boost global revenue in Q3.
Current Price: 13.04 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
+0.19 USD (+1.48%)
Disclaimer: All iGaming company share prices listed on this page are for informational purposes. This is not investment advice and prices increase and decrease each day as the companies’ reputations and new deals come into place.
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