Tune into the latest INSE, EVO, ALL, PTEC.L, LNW, 888:L and ENT stock movements via our Gambling Share Prices 2023 (Issue 7) update. (Photo by MediaModifier on pixabay.com)
It is time for our seventh issue helping you catch up with the latest iGaming stock prices.
As March comes to a close, most of the iGaming companies have released their Q4 and FY 2022 reports and there are some common problematic themes.
The industry has suffered from macroeconomic pressures, regulatory issues, illegal online gambling, adverse industry specific news, etc., which has affected their financial outcomes and future market strategies.
Many online gambling companies have adopted a strategy of diversification, through expansion and partnerships to compensate for these market anomalies. The collapse of banks, crypto exchanges, regional wars, inflation, supply chain issues, etc., are factors that cannot be easily identified/rectified and will be a constant source of difficulty for the iGaming industry.
These companies will have to utilize all of their resources to forecast the ever-changing landscape of the financial markets and the minds of their consumers.
Issue 6 Published Two Weeks Ago: If you are one for price comparisons and you want to see how these PLCs performed two weeks ago versus this week’s Gambling Share Prices 2023 (Issue 7), then take a trip down memory lane and check out our Gambling Share Prices 2023 (Issue 6) update.
Gambling Share Prices Update
Playtech – (PTEC.L)
- While PTEC has enjoyed a 43% increase in share price in the last 6 months, the company has come off, decreasing almost 20% since hitting a yearly high last month. On February 21st, PTEC was at 636 GBX but closed yesterday at 515.75 GBX, and today it is at 515 GBX just before market close. Playtech released their Full Year 2022 on March 23rd and posted large revenue increases in all regions with the exception of the UK (Playtech 2022 Financial Report). The seemingly glowing report had one glaring issue – a severe decrease in profit, which was down 90% from 2021. This has caused a selloff by investors, but market analysts are still bullish on this stock, stating that this is just correction that will rectify itself in the coming weeks. Analysts believe that PTEC has strong fundamentals and is sticking to a robust strategy implemented 2 years ago.
Current Price: 515.00 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+8.50 GBX (+1.68%)
Aristocrat – (ALL)
- Investors remain optimistic in regards to ALLs’ potential long-term growth. The company has above average capitalization and continues reinvesting in their digital gaming businesses. ALL has recently inked a deal with Inspired Entertainment to offer NFL virtual sports games, even in the off season. The fast-paced, incredibly accurate simulated NFL matchups will let fans bet on teams as they go head-to-head, offering many different wagering options. Aristocrat share price has increased almost 20% since January 1st and is currently trading at $36.63 AUD.
Current Price: 36.63 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+5.97 AUD (19.47%)
Light & Wonder – (LNW)
- Light & Wonder missed their Q4 earnings estimates on March 2nd and the stock has been in a steady decline every since. The company lost $176m USD, missing estimates by $0.25 USD. Analyst consensus predict that the FY 2022 revenue and EPS will be in line and is currently undervalued. The company is now considering a second listing on the Australia Securities Exchange that would strengthen its profile and complement long-term investors in the U.S and Australia. The stock is currently trading at $56.69 USD, which is slightly up on our previous report 2 weeks ago, therefore rather being -4.96% down on its 3 Jan 2023 open, the LNW stock is only down a mere -0.46% this year.
Current Price: 56.69 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
-0.26 USD (-0.46%)
888 Holdings – (888.L)
- In the last 2 weeks, 888 Holdings lost another 18% and is currently trading at 53.65 GBX. A breaking news story today stated that the William Hill Group (williamhill.com, Mr. Green and William Hill Org.) will pay fines totaling £19.2m because of widespread anti-money laundering and social responsibility failures. These failures allowed 331 customers to gamble with other William Hill Group websites after being rejected by Mr. Green. The UK commissioner for gambling said that because WHG cooperated with the investigation that their license wouldn’t be suspended. This is the largest regulatory settlement in UK history and the money would be utilized for socially responsible purposes.
Current Price: 53.12 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-31.48 GBX (-37.24%)
Entain – (ENT)
- After Entain posted poor Q4 results in early February, the stock has tumbled 22%. A recently released a statement from Entain stated that the company will suffer from lower margins because of UK regulatory issues, causing a further decline of 10.4% in the share price. Entain opened down today and is currently trading at 1,174 GBX.
Current Price: 1,174 GBX
3 Jan 2023 Open: 1,328.50 GBX
2023 Performance
-154.50 GBX (-11.62%)
Evolution – (EVO)
- Evolution continues to outperform its peers. The company recently hit a yearly high last month of 1,357.60 SEK. Some of the impressive factors are EVO’s earnings growth has surpassed industry experts’ predictions since 2021. The company is currently debt free and all dividends are covered by earnings and cash flows. EVO is currently seeing resistance at 1,357 SEK and if it breaks through this level the next resistance level is 1,392 SEK. The share price is relatively close to breaking an all time high of 1,672 SEK and analysts are bullish that EVO will achieve this in H2 of 2023. However, for now its settled in at 1,315 SEK.
Current Price: 1,315 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+287 SEK (+27.94%)
Inspired Entertainment – (INSE)
- INSE hit a yearly high on March 3rd of $16.30 USD but couldn’t maintain the momentum. The company opened up today and is currently trading at $13.08 USD. The reason for the downward trend is their Q4 2022 missed by $0.13 USD because of higher costs across the board. The stock price might be reflected by a high ownership of institutional investors (65%), increasing price sensitivity due to their trading actions. These investors have substantial resources and can change the direction of the stock based on their collective confidence. The fact that the stock is up 2.6% today, could mean that INSE is on the upswing.
Current Price: 13.08 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
+0.23 USD (+1.79%)
Disclaimer: If you are looking for expert financial advice, the best place to find informative information is via a financial portal or forum that specializes in trading. We are not stock market experts and simply report these price updates in the interest of casino and sports betting enthusiast.
Leave A Comment