Stand out stocks: Aristocrat – (ALL) is +43% since Jan 2023 and +8% on its 2024 open. Evolution – (EVO) is at +25% since Jan 2023 and +6% on its 2024 open. (Image by Mohamed Hassan from Pixabay)
Despite the Super Bowl taking place in Las Vegas, Nevada, the NFL has made it clear that the gambling regulations for the teams playing in Super Bowl LVIII are “o different from those of any other game.
The NFL emphasized last Monday that, despite the numerous opportunities for players to engage in gambling, they would face the normal course of discipline if they were discovered to have done so. The Kansas City Chiefs will take on the San Francisco 49ers on February 11 in what is the gambling capital of the United States.
NFL executive vice president of communications, public affairs, and policy told reporters during a conference call that the rules are no different for the participating teams’ players and other personnel as they would be for any other game: when on business, there is no gambling, whether it be sports gambling or otherwise.
The executive reiterated this by stating that any player, coach, or staff member discovered gambling at a casino would be subject to the disciplinary procedure. The disciplinary procedure would be handled in the same manner as any other player or staff member who was breaking the gambling laws.
Guidelines
NFL players have broken gambling policies in large numbers over the past 12 months; the NFL stated on Monday that wide receiver Kayshon Boutte of the New England Patriots is being investigated for problems related to gambling. In the past year, the NFL has suspended players to differing degrees; in June, the league released a memo outlining the six key rules of its gambling policy…
- Don’t bet on the NFL
- Don’t gamble at your team facility (at home or on the road)
- Don’t have someone place your bets
- Don’t share insider information
- Don’t enter a sportsbook during the NFL season
- Don’t play daily fantasy football
These are pretty common-sense rules…
Even though both teams are staying about 25 miles from the Vegas Strip, home to many of the city’s casinos, this is the first time the Super Bowl has ever been held in Las Vegas, so there are plenty of opportunities to gamble. However, since the teams will be on business, players from the two teams will not be allowed to wager to maintain the contest’s integrity. The NFL’s general manager said sports betting is discussed almost daily at the NFL. It can be boiled down to two main considerations: safeguarding the integrity of the game and providing experiences for sports betting enthusiasts. Those are the two main issues that the NFL is working on to achieve simultaneous results.
This report will cover the price movements of Playtech, Aristocrat, Light & Wonder, Evolution, 888 Holdings, and Inspired Entertainment and see where they may be headed in the coming weeks.
Gambling Company Share Price Reports: For the previous report 2 weeks ago, you can see the Gambling Share Prices 2024 – Issue 2 from the 9 January 2024.
Gambling Share Prices Update Feb 2024
Playtech – (PTEC.L)
- Playtech’s share price had been red for the last year, down almost 22%. The company has suffered several setbacks, and ever since a takeover attempt failed two years ago, the market has been betting against Playtech. The company had weeks of negative headlines, including a legal battle in Mexico in 2023. Playtech still generates a lot of revenue but the share price has dropped so much that it may be undervalued at the current price. PTEC is currently trading at 455.80 GBX. It could fall back due to strong resistance at 455.50 GBX, which the current stock price has marginally overtaken.
Current Price: 455.80 GBX
2 Jan 2024 Open: 445.40 GBX
(+10.40 GBX | +2.34%)
3 Jan 2023 Open: 506.50 GBX
(-50.70 GBX | -10.01%)
Aristocrat – (ALL)
- Aristocrat stock continues to gain momentum as it is just off an all-time high of 48 AUD back in November 2021. The share price is currently trading at 43.86 AUD and continues to break yearly highs. The company has focused on Europe, the Middle East and Africa (EMEA) and is heavily invested in design and development to meet the customers’ needs and player demands in these regions. They will showcase 75 games at the ICE London from today, which will boost their existing portfolio of popular games.
Current Price: 43.86 AUD
2 Jan 2024 Open: 40.60 AUD
(+3.26 AUD | +8.03%)
3 Jan 2023 Open: 30.66 AUD
(+13.20 AUD | +43.06%)
Light & Wonder – (LNW)
- Light & Wonder has continued their expansion in existing markets with the signing of 2 new partnerships in the last week. LNW has signed with 1X2 Network in the U.S. and bet365 in Greece. In Michigan, LNW will have an exclusive aggregation arrangement with 1X2 Network’s content and other states are being negotiated. The deal with bet365 in Greece, will allow LNW to expand its games footprint in that country. This is a very similar deal that LNW signed with Play’n Go in Greece last October. Light & Wonder is up 4% since the last report and is currently trading at 81.51 USD.
Current Price: 81.51 USD
2 Jan 2024 Open: 81.56 USD
(-0.05 USD | -0.06%)
3 Jan 2023 Open: 56.95 USD
(+24.56 USD | +43.10%)
888 Holdings – (888.L)
- 888 has been bullish the last 6 days as the share price is up almost 4%. This may be short-lived as 3 hedge funds took short positions but this hasn’t had an immediate effect on the stock. The company stated that their profit would be down in 2024 and caused the share price to slide. 888 has announced that they will cut jobs in a bid to cut costs. The current price of 888 is 87.50 GBX and may see some selling pressure in the coming week. Over the past 14 months, investors only have a +3.43% increase, but the stock has potential to reach over 100 GBX given the right market conditions as it has shown in the past.
Current Price: 87.50 GBX
2 Jan 2024 Open: 91.00 GBX
(-3.50 GBX | -3.85%)
3 Jan 2023 Open: 84.60 GBX
(+2.90 GBX | +3.43%)
Evolution – (EVO)
- Evolution posted their 2023 full-year earnings reports last week, which caused the share price to spike almost 6% in the last 5 days. The report highlights – company revenue for the full year was up 24% to €1.80b and net income rose 27% to €1.07b. Other positives were profit margins rose to 60% (58% in 2022), and the EPS beat analysts’ expectations by €1.06 for 2023. The stock price is currently trading at 1,285.40 SEK and is in a bullish trend.
Current Price: 1,285.40 SEK
2 Jan 2024 Open: 1,217.40 SEK
(+68.00 SEK | +5.59%)
3 Jan 2023 Open: 1,028.00 SEK
(+257.40 SEK | +25.04%)
Inspired Entertainment – (INSE)
- Inspired Entertainment has been under investigation for securities fraud for not adhering to GAAP and late Q3 results filings. NASDAQ who lists their company has announced that they could be delisted if compliance issues are not resolved quickly. INSE was released a statement yesterday that they would comply with NASDAQ’s compliance plan and should release the necessary documentation before February 28th, 2024. The company has been in a downward trend since last February, down 43% and is currently trading at 9.29 USD.
Current Price: 9.29 USD
2 Jan 2024 Open: 9.84 USD
(-0.55 USD | -5.59%)
3 Jan 2023 Open: 12.85 USD
(-3.56 USD | -27.70%)
Disclaimer: This report is purely to update casino players who play at casinos like 888 Casino and casino games from software providers like Playtech, Inspired Entertainment, Light and Wonder and Evolution. It is merely here as a point of interest and certainly not meant to be used as a basis for investment advice.
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