Welcome to the first casino shares review this year covering upticks & gloomy performances all in your iGaming Stock Prices 2023 (Issue 1)! (Photo by Benni Fish on pexels.com)
As we start the new year, the iGaming industry is poised to rebound after their share values suffered steep losses over the last 12 months. Major indices have suffered as well and may be partially responsible for dragging down online gaming companies.
The S&P is down 20% for the year (worst year since 2008) and the tech-heavy NASDAQ is down 10% for 2022. Investors are concerned about the inflationary climate that has seen interest rates rise rapidly over the past year, which increases iGaming companies’ ability to service their debt. This reality has also sparked the possibility of a global recession and the public’s perspective on non-essential spending, further hampering this industry.
Many analysts believe that the iGaming industry is resilient and will bounce back in 2023. The expansion of gambling licenses in new jurisdictions/countries, innovation in new games, crypto and cashless payments and new partnerships/collaborations will enhance the industry and steer it towards positive fortunes in the new year.
Looking for previous iGaming Stock Prices? You can take a trip down memory land and check out our previous reports from 2022. The best place to begin is with our iGaming Stocks & Shares Week 51 2022., covers the six online gambling companies listed below.
What Happened in the latest iGaming Stock Prices 2023 (Issue 1)?
Playtech, Evolution, Aristocrat, 888 Holdings, Light and Wonder and Entain are the usual suspects, and in this issue, we’ll see how they finished up in 2022 and where they may be headed in 2023. Get ready for a mix of doom and gloom for shareholders currently holding 888Holdings stocks, while there are also some slight upticks in stock prices to report, but whether these will hold, we will leave that forecast down to those of your who are the experts!
Playtech – (PTEC.L)
- PTEC is still trying to find its legs and has been in positive territory for the last 2 weeks. It is up 2.2% since the last time we checked in on this stock, recovering some of its 30% drop since last year. It closed at 509.58 GBX and appears to be making marginal gains as the new year begins.
Current Price: 509.58 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+3.08 GBX (+0.61%)
Aristocrat – (ALL)
- ALL has held its own since the last time we reported on this stock. Aristocrat’s share price closed at 30.62 AUD and has a long road to reach its 6-month high of 37.88 AUD to regain investor confidence. On the other side, some analysts feel this stock is undervalued and perhaps an opportunity to buy.
Current Price: 30.62 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
-0.04 AUD (-0.13%)
Light & Wonder – (LNW)
- LNW is one of the best stocks in the iGaming industry and continues to buck the trend most of its peers are experiencing. Although it has suffered a stock price decline of almost 2% in the last 2 weeks, the company has maintained a strong presence in this volatile industry. LNW is not far from a six-month high of 65.95 USD and closed at 58.60 USD.
Current Price: 58.60 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+1.65 USD (+2.9%)
888 Holdings – (888.L)
- The 888 online casino operator’s parent company is one of the worst-performing stocks in the industry. It continues to spiral downward and has lost 72% of its share price since last year. Although it has gained 6% over the holiday season, it has a long way to go to regain the confidence of investors. The stock closed at 87.10 GBX and reflects the present sentiment of this company. Investors are still unsure about William Hill’s acquisition and its international assets’ financing structure. It is also plagued by UK regulatory safety measures that saw a 10% online revenue decline this year.
Current Price: 87.10 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+2.5 GBX (+3%)
Entain – (ENT)
- One of the world’s largest iGaming companies, Entain has had marginal gains in the last several weeks. The stock is up 1.6% during this trading period and closed at 1,327 GBX. If the stock hits 1,414 GBX the stock could see a 6-month high and breakout to new highs. MGM, which owns 50% of ENT, is looking to acquire all of Entain or its American operations. This is the second time MGM has entertained buying ENT, so perhaps the current environment will favour a buyout.
Current Price: 1,327 GBX
3 Jan 2023 Open: 1328.50 GBX
2023 Performance
-1.5 GBX (-0.11%)
Evolution – (EVO)
- Evolution is up 5% in since December 20th and the downward trend seems to have reversed for the time being. An analyst report released recently on insider transactions revealed several top executives sold large chunks of stock earlier in the year, but no insider stocks have been sold in the last 3 months. Insider ownership is always positive, currently around 2%, so the selloff doesn’t bolster confidence but what matters is the near future. The stock currently is trading at 1,050 SEK is close to hitting a 6-month high of 1,090 SEK.
Current Price: 1,090 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+62 SEK (+6.03%)
Disclaimer: All data provided in this iGaming Stock Prices 2023 (Issue 1) is written by a financial watchdog simply to provide you with the latest stock prices for iGaming companies. This is not a report that suggests buying or selling stocks, and nor do we encourage or discourage investing in any of these stocks.
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