Since the market open of 2023 ALL is up +29.68%, LNW is up +39.77%, and (EVO) is up +0.49%. 888.L is down -3.60%, and INSE is down -18.52%. (Image by Mohamed Hassan from Pixabay)
Once again we are back with a bi-weekly update of gambling company stock prices for those of you that like to keep track of how well some of the biggest brands in the iGaming industry are performing.
Professional sports betting is very popular throughout the world. A customer can bet on their favourite football, soccer, basketball, baseball, ice hockey, and curling teams… the choices are endless as operators add new sports all the time.
But this is not the case for everyone. A professional athlete is prohibited from placing bets on themselves or any of the games they participate in. There are grey areas, and legislation varies from country to country.
Most athletes are allowed to bet on a sport that they do not participate in. This law extends to managers, referees and coaches. The reasoning behind this is that the outcome of a game cannot be fixed. The esports provider polices this issue, as they require personal identification when placing bets, and their system alerts them when someone is prohibited from betting. Problems arise from anonymous betting sites (some do not require ID), online sites and illegal bookies. Some of these operators take Bitcoin, which makes the customer anonymous.
The other argument is to let players bet on sports, including the games/leagues they are playing in. If this is allowed, then other factors come into play. Athletes are generally affluent and can make large wagers. If a player bets a significant amount, does this mean that the player has confidence in the outcome of the bet? If a player were only allowed to bet a specific amount (which could never increase), then outcomes would be less likely to be fixed. A bit of a conundrum…
The consensus is to ban players from betting and betting on themselves. The penalties are very severe for athletes who get caught gambling – multi-game suspensions, monetary fines and participation in international leagues/matches. Professional league executives state that player betting bans protect the integrity of the game, the athletes and the general public.
This week, the report covers the price movements of Playtech, Evolution, Aristocrat, Light & Wonder, 888 Holdings and Inspired Entertainment and where the market may be headed.
Gambling Company Share Price Reports: Compare this bi-weekly report with the Gambling Share Prices 2023 – Issue 22 update published on 24 October 2023.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Playtech started talks last September with SKS365 to buy the company and expand its foothold in Italy for up to USD 600m. The deal was quashed last week when a rival company, Lottomatica Group, inked a deal for SKS365 for USD 678m. Last week, the stock reached 424 GBX, recovering some of its losses from October on the potential deal. However, the news of the unsuccessful acquisition has reversed that trend, and after a 9% rise, the stock is coming off and is currently trading at 413.60 GBX. PTEC has lost 30% of its value since May and hit a yearly low last week of 365 GBX and now appears to be headed to new lows.
Current Price: 413.60 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
-92.90 GBX (-18.34%)
Aristocrat – (ALL)
- The price movement of Aristocrat has been quite volatile in the last 2 weeks, with 5% swings either way. The company has held up very well against its peers, with a 30% increase in share price since January. ALL has strategically partnered with the National Football League and launched its NFL Kickoff slot machines a few days ago. Market analysts stated that the launch of these slots was the most anticipated game of 2023 and expect to see exceptional returns by year-end. The share price is currently trading at AUD 39.76 with resistance at AUD 40.37 and support at AUD 39.14. Not only is stock improving the software provider also won three awards at the Global Gaming Awards Las Vegas 2023. The ‘Slot of the Year’ for its Jackpot Carnival game. The company also won ‘Land-Based Industry Supplier of the Year’ and ‘Land-Based Product of the Year’ awards . With these three important accolades, the company is sure to bring in new business as casinos look to feature best slots and products for their customers.
Current Price: 39.76 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+9.10 AUD (+29.68%)
Light & Wonder – (LNW)
- Light & Wonder continues to outpace its peers with a 37% increase in share price since January. LNW hit a yearly high today of USD 79.59 and could rise to higher highs. In the past year, LNW has streamlined its business by divesting in sports betting and lotteries and focusing on what is pushing up revenue… online slots. Analysts agree that additional growth is possible through the iGaming and SciPlay divisions but will taper off as the stock price is too high and doesn’t reflect potential growth opportunities. So, investors may believe this is a good level to get out, and we could see a drop in the stock price. In the same Global Gaming Awards Las Vegas 2023 awards as Aristocrat, Light and Wonder won second for ‘Land-Based Product of the Year’ and ‘Land-Based Industry Supplier of the Year’. The company came third for ‘Slot of the Year’ with it’s Huff N’ More Puff title proving popular!
Current Price: 79.59 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+22.64 USD (+39.77%)
888 Holdings – (888.L)
- Since the report two weeks ago, 888 Holdings has lost 5% in value and appears to be in a bearish trend. After posting a weak Q3 last month and stating that the full-year guidance will drop to mid-single digits, the share price is down almost 12%. The company has been losing ground since September, and the bearish movement will continue. The stock is trading at 81.55 GBX, with strong resistance at 86.20 GBX and weak support at 79.60 GBX. The company is looking for good news at the latest Italian EGR Awards.
Current Price: 81.55 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-3.05 GBX ( -3.60%)
Evolution – (EVO)
- After releasing their Q3 financial news on 27 October, the share price of EVO increased marginally. The company did exceed last year’s revenue by 19.6%, but investors did not receive some of the other metrics. A key statistic is that the Random Number Generator (RNG) revenue declined by 1.9%, and the company based the drop on fluctuating currency exchange rates (strong Euro). Slow studio expansion was another reason for the poor top-line results, and he is working hard to recruit in existing territories and open new studios. The share price rose 6% on news of the financial report and is currently trading at 1,033 SEK, but company executives stated that growth in Q4 would be slower.
Current Price: 1,033 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+5 SEK (+0.49%)
Inspired Entertainment – (INSE)
- Inspired Entertainment has moved in a horizontal direction for the last 2 weeks. The company has been in the doldrums for the last 6 months and is trying to turn things around. On November 8th, the company is scheduled to release Q3 data, but the lack of recent investor trading volume could be a sell-off signal. Earnings are expected to be $0.32 per share, down 8.6% from last year. But INSE could go higher if key metrics beat expectations, such as revenue, RNG and debt ratios. The stock is trading at USD 10.47, with support at USD 9.68 and resistance at USD 11.27.
Current Price: 10.47 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-2.38 USD ( -18.52%)
Disclaimer: The iGaming stock prices and analysis in this report is not investment advice. If you plan to trade on the stock market, seek advice from professional bodies such as Google or Yahoo finance. You can also find the Biggest Gaming Stocks by Market Cap here.
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