Gambling Share Prices 2024 – Issue 7 Update

Gambling goes back many millennia when people wanted to know their destinies, perhaps predict the future or have a deity intervene in their lives. Over thousands of years this desire has transformed into modern day gambling… slots, blackjack, throwing the dice, etc.

The gambling industry has morphed into something more complex in the last 25 years, moving from land-based gaming establishments to online gaming. The global pandemic stopped all large human interactions and propagated this move. People were not able to gamble at their favorite gaming institutions and turned to online gambling… from the comfort of their own home. This caused a global drop in land-based gambling by 35% in 2020 (from 2019) and lost 56.5b USD. The iGaming industry, on the other hand, grew 14% in 2019 to 18.5% in 2020.

The iGaming industry continues to grow as innovative technologies improve interactions and the increasing ease of use. Payment methods continue to rise as do the choice of games and how to interact with them. This of course has expanded the list of regulated countries and made gambling safer, the integrity of games has improved and timely payouts, for the lucky few. The iGaming industry is fully engaged in the world economy and is expected to grow year on year for the foreseeable future.

This report will look at the price movements of Playtech, Aristocrat, Light & Wonder, Evolution, 888 Holdings, Inspired Entertainment and will add the popular Flutter Entertainment and MGM Resorts to the lineup going forward. MGM comes into the fold because it is the owner of LeoVegas, which is a casino we rate as the best online gambling platform to play on right now.

Previous Gambling Company Share Price Reports: For our bi-weekly reports, take a took at our ‘Gambling Share Prices 2024 – Issue 6‘ iGaming stocks review.

Gambling Share Price Update April 2024 – Part 1

London Stock Exchange (LSE)

Playtech – (PTEC.L)

• Playtech posted strong 2023 year-end earnings last week, but market expectations felt that the price was already built in as the share price fluctuated very little. Revenue was up 6.5% (inline) from the previous year to £1.71b and net income up 159% to £105m. The earnings per share missed analysts’ estimates by 30% with revenue forecasts at 4% per year and the hospitality industry growth forecasted to grow by 7.2%. The stock dropped marginally after posting the full year miss and closed trading on Wednesday at 454.00 GBX.

Current Price: 454.00 GBX

2 Jan 2024 Open: 445.40 GBX
(+8.60 GBX | +1.93%)

3 Jan 2023 Open: 506.50 GBX
(-52.50 GBX | -10.37%)

Australian Securities Exchange (ASX)

Aristocrat Leisure Limited – (ALL.AX)

• After filing a class action lawsuit against Light & Wonder last month, Aristocrats’ stock price has been in a bearish trend. Aristocrat alleges that LNW hired former senior Aristocrat employees and these new LNW employees plagiarized a game that they had embezzled from ALL. These trades secrets utilized private information (functionality/algorithms) to design a game nearly identical to Aristocrats game. ALLs’ share price has dropped 8% since the last report and is currently trading at 41.15 AUD.

Current Price: 41.15 AUD

2 Jan 2024 Open: 40.60 AUD
(+0.55 AUD | +1.35%)

3 Jan 2023 Open: 30.66 AUD
(+10.49 AUD | +34.22%)

(Nasdaq Stock Market)

Light & Wonder – (LNW)

• Light & Wonder was up a marginal 0.03% since the last report. The company’s share price seems unaffected by the lawsuit from Aristocrat. The company continues to expand its’ partnerships, release captivating content and new aesthetic hardware (cabinets) in its territories. The company recently signed with Danish NetBet to offer a wider range of online casino games. LNW will also feature their games/hardware at the Indian Gaming Tradeshow this week in Anaheim, California. The share price remains flat as it nears the 1st quarter 2024 financial report next month. The stock closed on Wednesday April 10 2024 trading at 96.72 USD with strong support at 99.00 USD.

Current Price: 96.72 USD

2 Jan 2024 Open: 81.56 USD
(+15.16 USD | +18.59%)

3 Jan 2023 Open: 56.95 USD
(+39.77 USD | +69.85%)

London Stock Exchange (LSE)

888 Holdings – (888.L)

• The plagued 888 Holdings has stated that it will change its name to “evoke.” The CEO wants to shed a year of upheaval which has had an adverse effect on its share price. The name change is to reflect a strong multi-branded company with a new vision/mission to the gaming public. The company will also set new financial goals to increase revenues and reduce debt from the purchase of William Hill, in 2021. The company’s share price is down 5% since January but up 3.3% since the last report and closed on the London Stock Exchange at 83.90 GBX on Wednesday.

Current Price: 83.90 GBX

2 Jan 2024 Open: 91.00 GBX
(-7.10 GBX | -7.80%)

3 Jan 2023 Open: 84.60 GBX
(-0.70 GBX | -0.83%)

(Nasdaq Stockholm)

Evolution AB – (publ) (EVO.ST)

• Evolution’s share price has remained flat since the last report, while the company continues to innovate and expand. EVO has competitive advantages over other iGaming companies in the same sector, with large-scale live studios and having their B2B business handled by their clients (avoids scams/underage gambling/addiction). The company also has an impressive executive staff that deals with regulators globally to enhance their current/future markets and develop games for specific territories. The company also remains financially stable, with good returns on their investments. The share price closed on Wednesday April 10 at 1,295 SEK and is in a downward trend, with weak support at 1,294 SEK.

Current Price: 1,295 SEK

2 Jan 2024 Open: 1,217.40 SEK
(+77.60 SEK | +6.37%)

3 Jan 2023 Open: 1,028.00 SEK
(+267.00 SEK | +25.97%)

(Nasdaq Stock Market)

Inspired Entertainment, INC – (INSE)

• Inspired Entertainment has bounced back after posting delayed Q3 2023 earnings. The share price is up over 7% since the last financial report which market analysts stated was a miss. The company did have an increase in revenue of 30% from the previous year but net income was down 67% from Q3 2022 and profit margins suffered a 14% decrease. INSE closed trading yesterday prices at 9.82 USD with strong resistance at 10 USD.

Current Price: 9.82 USD

2 Jan 2024 Open: 9.84 USD
(-0.69 USD | -7.01%)

3 Jan 2023 Open: 12.85 USD
(-3.70 USD | -28.79%)

London Stock Exchange (LSE)

Flutter Entertainment plc (FLTR.L)

• The Irish based iGaming company, Flutter is up 12% since the start of the year but has faltered in the last month, dropping 9% of those gains. The company share price dropped sharply on March 26th after the NCAA stated that “proposition bets” or prop bets would be banned from their league to protect student athletes. This precedent has spilled over to other professional leagues in the U.S., the NBA and Major League Baseball after similar reports of athletes were found prop betting. The share price of FLUT closed trading on April 10th priced at 15,700.00 GBX and is in a bearish trend.

Current Price: 15,700.00 GBX

2 Jan 2024 Open: 13,935 GBX
(+1,765 GBX | +12.67%)

3 Jan 2023 Open: 11,405 GBX
(+4,295 GBX | +37.66%)

New York Stock Exchange (NYSE)​

MGM Resorts International (MGM)

• MGM Resorts, the sixth largest gambling company in the world hit a yearly high on April 1st of 47.78 USD. The share price has since come off and closed trading yesterday at 42.64 USD and is in a downward trend. The company has experienced several selloffs in the last few days from large institutional investors causing selling pressure. The company is also still reeling from a data breach it suffered from hackers last September and is expected to cost the company 100m USD in losses on adjusted property earnings. Analysts expect the share price to rise in the near future as digital gambling increases and public in increasing numbers travel to their Las Vegas casinos.

Current Price: 42.64 USD

2 Jan 2024 Open: 44.29 USD
(-1.65 USD | -3.73%)

3 Jan 2023 Open: 33.93 USD
(+8.71 USD | +25.67%)

Disclaimer: All information in this page is for iGaming stock price guidance only. Please seek professional advice if you plan to invest in stocks.