Aristocrat – (ALL) stays ahead of its 2023 market open by +29.58%, LNW follows suit up +31.42%, while 888, EVO, INSE & PTEC retreat! (Image by Mohamed Hassan from Pixabay)
As gambling becomes more popular with the younger generation and their affinity to online technology, it has become evident that responsible gaming policies need to be upgraded and legislated.
The fastest-growing age demographic in the iGaming industry is between 18 and 35 years old. Governmental policies regarding responsible gambling target this group to reduce or keep their gambling habits under control and set out guidelines for online operators. Companies that disregard these government directives can be fined millions of pounds.
All online gambling operators must update changing government policies to prevent underage gambling and warn users that underage gambling is an offence.
In the UK, the penalties are pretty severe and can carry a maximum sentence of 51 weeks in jail and fines of up to £5,000. Websites are required to affirm that gamblers are of age, but this can be circumvented by a simple click of “Yes, I am 18 years old,” which puts the onus on the user.
The cost to operators is a concern, as most have stated that adapting to the new regulations hurts their bottom line. The UK Gaming Commission (UKGC) has updated new marketing directives and enforcement policies that hold senior executives accountable. Enforcement commitments in the UK have increased – financial penalties have gone up 64%, a 67% increase in suspended licenses and investigations up 119% due to marketing and other nefarious infractions.
Regulating online marketing is the key to more responsible gambling, and the UK government has prioritised branding (specifically sports betting) to protect younger audiences. They will ban influencers and jersey advertising in the next few years.
Corporations will face the reality of a total ban on commercial advertising for gambling in the future. This was done successfully with tobacco in many Western countries over 15 years ago. Governments must primarily protect children/young people and promote responsible gambling. This represents a significant step forward to safeguard our more youthful generations from particularly harmful elements and promote a higher standard of health.
Gambling Company Share Reports: For prices from two weeks ago, visit the Gambling Share Prices 2023 – Issue 21 update.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Playtech has hit lower lows since the last report. The stock opened lower today and hit a 2-year low of 376.80 GBX, but bounced back and is currently trading at 382.60 GBX. After posting poor profit margins in H1, PTEC has been on a steady downward trend. While this is troubling news for investors, a recent legal battle in Mexico with partner Caliplay could be the reason for its sustained decline. Caliplay has initiated legal action against PTEC to exit the partnership because PTEC has declined to pay specific fees in their contract. The fee currently in dispute is $36m and could increase as the legal battle continues. Although it is not all bad news as recently the software provider won the Gaming Product of the Year for its Adventures Beyond Wonderland Live game show at the 2023 American Gambling Awards (AGA).
Current Price: 382.60 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
-123.90 GBX (-24.47%)
Aristocrat – (ALL)
- After hitting a year-to-date high last month, the stock has come off almost 8%. This trend could be troubling to investors, but at the time of writing, ALL got a boost from a major securities firm that upped their 2023 yearly earnings estimate by 2.4%, causing the share price to spike by 1.5%. The slot machine manufacturer/digital content provider has a free cash flow of approximately AUD 5 billion. The balance sheet appears in excellent shape, even after buying NeoGames and the current share buyback plan. The stock is down 1.8% since the last report and is trading in positive territory at AUD 39.73.
Current Price: 39.73 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+9.07 AUD (+29.58%)
Light & Wonder – (LNW)
- The Vegas-based Light & Wonder continues to push up after a rocky September. The main reason for the share price spike is that LNW bought the remaining 17% of SciPlay and will be fully integrated into LNW. SciPlay will be delisted from the Nasdaq as a consequence of the deal. LNW will release its Q3 financial results on November 9th, and analysts predict that all metrics will be outstanding. The share price is currently trading at USD 74.84 and is very close to breaking out at USD 79 if the results are as good as predicted.
Current Price: 74.84 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+17.89 USD (+31.42%)
888 Holdings – (888.L)
- 888 Holdings’ share price decreased 10% in the last 2 weeks. The decline was probably ‘built-in’ before the release of their Q3 financial data on October 18th, as the company posted a 10% decline in year-on-year Q3 revenue. The stock price has remained flat since posting the results and is trading at 84.95 GBX. Also, you can check out 888 Holdings Q3 2023 financials here.
Current Price: 84.95 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+0.35 GBX (+0.41%)
Evolution – (EVO)
- Evolution share price has pushed down June and is close to a year-to-date low of 931.80 SEK. EVO has lost 7.5% in the last 2 weeks and will go lower. The stock is trading at 1,069 SEK with strong resistance at 1,154 SEK and weak support at 1,029 SEK.
Current Price: 1,069 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+41.00 SEK (+3.99%)
Inspired Entertainment – (INSE)
- Inspired Entertainment has been downward since June, losing 33%. The troubled company has lost the confidence of the investors, and the share price reflects that sentiment. INSE is very close to a yearly low of USD 9.22 and is currently trading at USD 10.38. The stock has weak support at USD 10.38 and strong resistance at USD 10.71.
Current Price: 10.38 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-19.22% (-2.47%)
Disclaimer: The information on this page is not offcial trading advice. For professional news covering how to trade, please search for a website that employs stock market specialists. Also, the prices on this page will have changed by now – for up to date stock prices, visit Google Finance.
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