From 2024 market open movement is as follows: PTEC.L (+4.31%), ALL.AX (+13.94%), LNW (+22.73%), 888.L (-8.41%), EVO.ST (+8.69%), INSE (-7.93%). (Image by Mohamed Hassan from Pixabay)
Online gaming has blown up over the last few years. You know, things like poker, slots, casino games and sports betting. Companies in this industry, what we call the iGaming business, need to get smart about who they target and how they market their stuff if they want to make it. One big group worth focusing on? Millennials.
There’s around 73 million millennials just in the U.S., and 14.4 million in the UK. We’re basically talking about folks born between the late ’80s up through the late ’90s. They grew up with the internet and cell phones glued to their hands.
The bottom line? Marketing online gaming to millennials takes a combo approach – one that blends personalized content, social features, and optimization for cell phones. That’s how you create experiences that grab millennial buyers.
This report will look at the share price of Playtech, Aristocrat, Light & Wonder, Evolution, 888 Holdings and Inspired Entertainment and review their current price and where they may be headed in the coming weeks.
Gambling Company Share Price Reports: For the previous review of the latest gambling share prices on 22 February 2024 visit the ‘Gambling Share Prices 2024 – Issue 4‘ update.
Gambling Share Prices Update March 2024 – Part 1
Playtech – (PTEC.L)
- Many analysts feel that the ongoing court case with Mexican partner Caliente, has damaged investor sentiment and dragged the share price down by 1/5th in the past year. On the other hand, it’s reasonable to argue that the market has been overly pessimistic. Also, the latest Sony Entertainment deals are still to bear fruit. With a solid track record, promising growth potential and a plethora of M&A options, Playtech offers investors a chance to jump at a good bargain. While the stock is down 23% in the last calendar year, the share price has gained some ground since hitting a low point of 365 GBX last October and is up 23%. The share price currently trades 464.60 GBX with resistance at 460 GBX.
Current Price: 464.60 GBX
2 Jan 2024 Open: 445.40 GBX
(+19.20 GBX | +4.31%)
3 Jan 2023 Open: 506.50 GBX
(-41.90 GBX | -8.27%)
Aristocrat – (ALL.AX)
Aristocrat – (ALL.AX)- Aristocrat has performed very well this year with strong earning reports and strong dividend payouts. Revenue has grown over 13% since last year and remains bullish as it comes close to surpassing its all time high of 47.02 USD. The share price hit an all time high last November and is poised to push through that achievement in the coming weeks. The stock is currently trading at 46.26 USD and is in a bullish trend.
Current Price: 46.26 AUD
2 Jan 2024 Open: 40.60 AUD
(+5.66 AUD | +13.94%)
3 Jan 2023 Open: 30.66 AUD
(+15.60 AUD | +50.88%)
Light & Wonder – (LNW)
- Since releasing their full year earnings last week the stock has jumped over 10%. Market analysts have been lifting their price targets for 2024, with some as high as 114 USD. The company continues to lead their sector of the iGaming market and continues to grow inline with the overall market. The stock is currently trading at 100.11 USD which is an all time high and it appears to be in a bullish trend which will continue to push up and break ATH’s.
Current Price: 100.11 USD
2 Jan 2024 Open: 81.56 USD
(+18.55 USD | +22.73%)
3 Jan 2023 Open: 56.95 USD
(+43.16 USD | +75.80%)
888 Holdings – (888.L)
888 Holdings – (888.L)- The UK gaming giant 888 Holdings has struggled since releasing data last month that their revenues would be down in 2024. The share price has dropped 13% and has continued in a bearish trend since then. The stock is currently trading at 84.95 GBX with weak resistance at 83.79 GBX. If it breaks through this barrier the share price could see new yearly lows.
Current Price: 83.35 GBX
2 Jan 2024 Open: 91.00 GBX
(-7.65 GBX | -8.41%)
3 Jan 2023 Open: 84.60 GBX
(-1.25 GBX | -1.48%)
Evolution – (EVO.ST)
- After posting positive 2023 full years results a month ago, EVO share price is up a modest 5%. The company met analysts’ expectations with revenue up 24%, net income up 27% and profit margins up 2% from full year 2022. Growth in 2024 is expected to grow less than the Swedish market but the share price may be assisted by growth in foreign markets. The stock opened down today and is currently trading at 1,323.20 SEK, with weak support at 1,333 SEK.
Current Price: 1,323.20 SEK
2 Jan 2024 Open: 1,217.40 SEK
(+105.80 SEK | +8.69%)
3 Jan 2023 Open: 1,028.00 SEK
(+295.20 SEK | +28.71%)
Inspired Entertainment – (INSE)
- After releasing delayed Q3 2023 earnings results 5 days ago, the companies’ share price has come off. The market was not impressed with the delay and the results, which were less than positive. The biggest negative was net income was down 63% and the EPS missed by 0.20 USD, causing a selloff. The stock is in a bearish trend and is currently trading at USD 9.06.
Current Price: 9.06 USD
2 Jan 2024 Open: 9.84 USD
(-0.78 USD | -7.93%)
3 Jan 2023 Open: 12.85 USD
(-3.79 USD | -29.49%)
Disclaimer: The advice and information on this page is not investment advice. You should seek advice from a trading portal or expert mentor to perform your own research and learn how to trade. The stats show that 95% of day traders lose their money, so be aware.
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