Check out the stock performance of some of the biggest iGaming firms in our iGaming Stock Prices 2023 (Issue 2) report! (Photo by MediaModifier on pixabay.com)
The new year has begun and the iGaming market is showing signs of recovering from a dismal 2022. As the industry tries to recoup from post-Covid, it faces many obstacles that have hampered revenue growth. Several companies face debt from acquisitions, inflation, global conflicts, gamblers with less disposable income, staffing issues, payment gateways, technology upgrades… the list goes on and on…
On the positive side, expansion into new territories means a new customer base, but at a cost. Acquisitions are generally profitable but these also take time to realise profits and these buyouts are usually loans, which can be costly because of inflation.
The general market consensus among market analysts believes that the iGaming industry will bounce back in 2023 and finish up the year strong. If the start of the year is any indication, it will be a banner year for the industry.
Today we will check out Light & Wonder, Aristocrat, 888 Holdings, Entain, Evolution and Playtech and see how they have fared in the last couple of weeks.
Looking for previous iGaming Stock Prices? Then why not look at some of our older reports that show the performance of these iGaming brands throughout last year? Alternatively, our iGaming Stock Prices 2023 (Issue 1) shows how these companies started 2023.
What Happened in the latest iGaming Stock Prices 2023 (Issue 2)?
As ever, this issue will take a look at the performance of Playtech, Evolution, Aristocrat, 888 Holdings, Light and Wonder and Entain since the start of the year. It is fair to say that it has been a mixed bag in recent times for most of these iGaming firms – but could things start to improve as we get deeper into 2023?
Playtech – (PTEC.L)
- Playtech is up for an award, Game of the Year, voted on by the industry on February 9th – a slot called “Leprechaun’s Luck Cash Collect.” The award is given by the iGB Affiliate Awards and highlights the best of the best in the affiliate categories; poker, casinos, slots, Tech, etc. Playtech has held up well in the fiscal year against most of its peers and is trading very close to a 6-month high month high of 562.50 GBX. PTEC closed at 544.98 GBX and was having a good 2-week run but looks like the stock is starting to come off.
Current Price: 544.98 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+38.48 GBX (+7.59%)
Aristocrat – (ALL)
- This iGaming gambling machine manufacturer is based in Australia and is at the forefront of aesthetically designed mobile and casino games. Their new products will be showcased next month at the ICE exhibition in London. ALL posted very good results in their November 2022 earnings report and market analysts are very bullish on this stock for 2023. In the last 2 weeks, the stock has climbed 9% and is currently trading at 33.38 AUD.
Current Price: 33.38 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+2.72 AUD (+8.87%)
Light & Wonder – (LNW)
- LNW continues to be the strong stock in the iGaming market. It posted positive earnings reports throughout 2022 and investors have flocked to this stock. For the calendar year, it is currently in positive territory and is up almost 2%, leaving its peers in its wake. In the last 6 months, the stock price has risen 37% and looks to break out to new highs in 2023. LNW is currently trading at $62.05 USD and looks likely to continue its positive run.
Current Price: 62.05 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+5.10 USD (+8.95%)
888 Holdings – (888.L)
- 888 continues to battle the headwinds in the iGaming industry. They suffered from poor earnings throughout 2022, the restructuring of debt from the purchase of William Hill, market strategy issues, revenue was down 3% for the year, regulatory pressures in the UK and now the CFO is stepping down. The stock is down 76% for the year but has recently bounced back 11% in the last month. 888 is currently trading at 93.41 GBX but has a long way to go to regain its massive losses.
Current Price: 93.41 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+8.81 GBX (+10.41%)
Entain – (ENT)
- Entain suffered big losses for the first 6 months of 2022 but the stock has bounced back since July. Since the beginning of January, ENT has risen 8% and this rally could be related to the acquisition of BetCity (Dutch operator), a deal that was closed last week. The stock is currently trading at 1,450.38 GBX and will need to reach 1,462 GBX to breakout into new highs.
Current Price: 1,450.38 GBX
3 Jan 2023 Open: 1,328.50 GBX
2023 Performance
+121.88 GBX (+9.17%)
Evolution – (EVO)
- EVO has done well since the beginning of 2023; the stock is up 12% but has pulled back the last few days. Looking at the last 12 months, EVO (down 10.7%), has held up well if you compare it against the broader iGaming market, which was down 18% overall. This stock closed at 1,118.80 SEK and is close to a year high of 1,286 SEK, which could see this stock breakout and realize highs that were achieved in May 2021.
Current Price: 1,118 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+90 SEK (+8.75%)
Disclaimer: All data provided in our iGaming Stock Prices 2023 (Issue 2) is just to inform you of the stock performance of a handful of major iGaming companies. It does not suggest or encourage you to purchase or sell any of these stocks.
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