INSE and PTEC dropped 9.19% and -24.17% on 2023’s starting price, respectively. ALL, LNW, 888, and EVO are still in the green! (Image by Mohamed Hassan from Pixabay)
The most significant growth in the iGaming industry is AI and big data. These powerful new tools are revolutionising online gaming with massive technological advances but pose complex challenges.
The industry is trying to determine how to protect their data by increasing their security protocols and implementing these actions, hopefully streamlining their costs/overheads.
Data collection and analysis is the key to most businesses’ success. All gaming companies submit surveys to their clientele and collect data from detailed personal sign-up information, industry reports, and market reviews. This comprehensive data is a target for hackers, scammers, and swindlers who will use the info for nefarious purposes to further their criminal organizations. Two prominent industry leaders were hacked last month and suffered massive losses from the interruption in operations and ransom payments. The fallout from these hacks and the losses have yet to be realized and will probably come to light in their Q3 quarterly reports.
The most common fraudulent attacks come from stealing personal data from players. Once this hack is complete, the organization has full control of the player’s funds and can utilize/abuse these accounts as they wish. A more troubling aspect of account fraud is the possibility of identity fraud. The hackers can access gaming clients’ names, credit card numbers, and social security information, which can be used to commit other crimes.
The exploitation of AI by hackers is another approach to victimize players by using personal info to claim bonuses and affiliate and bot scams to deceive gamblers to gain access to their accounts. The iGaming sector will need to upgrade/develop their security software frequently to stay one step ahead of the con artists, utilizing risk management programs to identify abuse in their operations. This will be an ongoing battle as new breaches in security evolve… and new technology advances.
Gambling Company Share Reports: For prices from two weeks ago, visit the Gambling Share Prices 2023 – Issue 20 update.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Playtech broke through the yearly low of 466 GBX on September 26th and is now hitting lows not seen since 2020. The stock price is trading at 384 GBX and is clearly in a downward trend, falling 15% since the last report. To compound PTEC’s woes, their Mexican partner, Caliente (Caliplay), is trying to dissolve their joint venture after several years. The dispute started last February, and the point of contention is whether the additional services fee option is still redeemable. The fee paid to PTEC in June 2022 was £19m and Playtech stated that the agreement is in play until 2034. Caliente wants out of the agreement, and it will be up to the British legal courts to decide the outcome of this ongoing dispute. The Mexican court has stated that PTEC will continue to provide software and services to Caliplay until the claim has been resolved.
Current Price: 384.00 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
-122.50 GBX (-24.17%)
Aristocrat – (ALL)
- Aristocrat will showcase several new slots at the Las Vegas Global Gaming Expo (G2E) this week. These slots are the first 6 NFL slots of their kind to feature 4 new cabinets and have not been seen by the general public. The manufacturer/distributor will display almost 200 games and promote their Customer Service Solutions/Real Money Gaming software that transitions land-based operators to online operations. Since the last report, the stock has come off 2.5% but is in an upward trend in the last few days. ALL is trading at AUD 40.44 and is in an upward trend, with resistance at AUD 41.26.
Current Price: 40.44 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+9.78 AUD (+31.88%)
Light & Wonder – (LNW)
- LNW has created a bit of a stir at G2E with the release of the slot title Squid Game. LNW has teamed up with Netflix, and the slot features many of the ‘do or die’ games in the TV series – Red Light, Green Light, The Glass Tile, and Tug of War. Light & Wonder has dropped considerably since hitting a yearly high of USD 79.06 in mid-September but has bounced back and is up 3.3% in October. The stock is currently trading at USD 75.85 and has resistance at USD 76.92 and support at USD 71.65.
Current Price: 75.85 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+18.90 USD (+33.21%)
888 Holdings – (888.L)
- Last month 888 stated that the company expected their Q3 revenue to decline 10% and the stock price has come off almost 20% since the last report. The share price is currently at a 2-month low at 92.90 GBX and is trading lower. The stock sees resistance at 100 GBX and weak support at 91.60 GBX.
Current Price: 92.90 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+8.30 GBX (+9.81%)
Evolution – (EVO)
- After flirting with a year-to-date low in the last 2 weeks, EVO has managed to stay in positive territory (up 1.75%). The stock price has been in a freefall since last June and is currently trading at 1,105 SEK. While the company continues to sell its games to other operators, this appears not to be enough for the share price to spike. The stock is experiencing strong resistance at 1,115 SEK and support at 1,086 SEK
Current Price: 1,105 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+77.00 SEK (+7.49%)
Inspired Entertainment – (INSE)
- Inspired Entertainment is another company that will feature innovative iGaming content at the G2E. The highlight of their product line will be the NFL-themed V-Play, developed in collaboration with Aristocrat Leisure. The licensed product will allow players to interact with their favorite teams through online engagement. The stock is up a marginal 3% in the runup to the G2E, is presently in an upward trend, and is currently trading at USD 11.67. The stock has resistance at USD 11.96 and support at USD 11.30.
Current Price: 11.67 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-1.18 USD (-9.19%)
Disclaimer: Please only use the stock prices in this Gambling Share Prices 2023 – Issue 20 for informational purposes only. If you plan to invest in stocks and shares, seek advice from a professional investment website. on investopedia.com, you can find the Top Casino Stocks for Q2 2023 here.
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