888 recovers then fall after Playtech takeover bid,, while Playtech stocks are 17.1% down since Jan 2023. ALL, LNW & EVO remain in the green. (Image by Mohamed Hassan from Pixabay)
There’s more to the gambling business than just wagers and results.
It involves tying together a plethora of touchpoints to create a unique and significant brand journey for each visitor.
All of the guests’ interactions and experiences with gaming are combined in this journey. It begins the moment they learn about you, continues through all of their online and offline interactions with your brand and continues long after they leave your location. It captures the stories they tell each other and the moments they treasure.
This process should be easy, interesting and reliable for the industry.
In the hospitality industry, the unseen back of the house supports a brand’s ascent to success. It’s a complicated strategy where all things matter: the care with which operational plans are executed, the skill with which logistics are handled and the diligence with which equipment is maintained.
At the front of this journey is the human interaction. Employees with comprehensive training are prepared to carry out their responsibilities. It infuses them with the brand’s spirit, guaranteeing that every encounter is genuine and friendly.
Creating a positive work environment is about increasing output and producing brand followers who proudly carry the company’s banner. Employees who work in a proactive rather than reactive environment can better anticipate needs and respond quickly, improving the guest experience. Staff members are the lifeblood that carries the brand’s value throughout its journey; they are not just parts of a machine. It is essential to invest in human resources if you want to increase the resonance of your brand’s progress.
It’s about integrated development, not just training, ensuring the staff have the skills and intelligence to represent the brand’s values in every interaction. Putting their welfare first is a business obligation and a calculated investment. A happy, well-supported staff member radiates positivity and becomes a symbol of the brand’s potential.
The process of refining the brand journey is always a work in progress. Online and offline casinos must be flexible and adaptable to changing consumer demands, technology developments, and market trends. By prioritizing guest satisfaction and maintaining a strong back-of-the-house foundation and a motivated staff, the gambling industry can guarantee a brand experience that thrills and resonates with customers repeatedly.
This week, the report will look at the price movements of Playtech, Aristocrat, Light & Wonder, Evolution, 888 Holdings, and Inspired Entertainment in the past couple of weeks to see where they may be headed in the coming weeks.
Gambling Company Share Price Reports: To take a look at how prices have changes since the previous report, see Gambling Share Prices 2023 – Issue 24.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Playtech has been flat since the last report. It hasn’t fluctuated more than 9 GBX either way. The majority of shares in PTEC are owned by institutional investors and the share price is sensitive to their trading patterns. The company posted poor Q3 results and an earnings warning for the full year, which has negatively affected the price. It would appear that the losses incurred so far have slowed as the stock continues to remain flat as we approach the new year. PTEC is currently trading at 419.33 GBX with strong support at 409 GBX and resistance at 433 GBX.
Current Price: 419.33 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
-87.17 GBX (-17.21%)
Aristocrat – (ALL)
- Aristocrat is up 28% for the year, but the share price hasn’t moved more than a couple percent since August. The stock appears to be stagnating as the year comes to a close. The company posted reasonable Q3 results but many of its subsidiaries’ revenues were in decline which caused a sell-off by investors. While the company continues to expand its European portfolio with 11 new For Sale game launches, it hasn’t been enough to turn the company’s fortunes around. ALL is currently trading at AUD 39.30 with weak resistance at $39.03 and could reach lower lows if the price breaks this level.
Current Price: 39.30 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+8.64 AUD (+28.18%)
Light & Wonder – (LNW)
- Light & Wonder (LNW) – Light & Wonder continues to outperform its peers in the iGaming industry. The company is up 51% for the year and has hit several yearly highs in 2023. The company broke an all-time high of 89.02 USD on November 30th and looks poised to break out to new all-time highs in the near future. LNW is currently trading at 87.85 USD and has been in a horizontal pattern for the last 2 weeks.
Current Price: 87.85 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+30.90 USD (+54.26%)
888 Holdings – (888.L)
- 888 Holdings has been stuck in the doldrums for the last month with very little change in share price until December 4th. Playtech made an offer for 888 Holdings for £700m but it has been rejected. On the news of the possible acquisition, the share price surged almost 16% to a monthly high of 81.64 GBX before dropping back. 888 stated that PTEC’s offer underestimated the true value of 888 and that forthcoming negotiations are not out of the question. The share price closed at 81.64 GBX at the time of writing.
Current Price: 81.64 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-2.96 GBX (-3.50%)
Evolution – (EVO)
- Evolution (EVO) – Evolution is still in positive territory for 2023, up a marginal 5% and has recovered some of its losses from June to October. The stock is up almost 7% in the last month and 3% in the last 2 weeks. EVO is trading at 1,103.80 SEK with resistance 1,110.60 SEK and support at 1,083 SEK.
Current Price: 1,103.80 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+75.80 SEK (+7.38%)
Inspired Entertainment – (INSE)
- Inspired Entertainment failed to post its Q3 financial statements last month and has been under immense selling pressure from investors. The share price dropped 23% after the announcement and is under investigation by the SEC. On a positive note, INSE has signed a contract extension with Snaitech to provide virtual sports to its customers. The share price of INSE is currently trading at 8.01 USD, and it looks like it is in a bearish trend.
Current Price: 8.01 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-4.84 USD (-37.66%)
Disclaimer: Please seek financial advice from experts in the industry if you are planning on investing in iGaming stocks. Also, please take a look at our latest crypto report as the market is currently rising with Bitcoin over 130% up since the beginning of the year.
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