iGaming Stock Prices 2023 (Issue 5) covers Playtech, Evolution, Aristocrat, Light & Wonder,888 Holdings & Inspired Entertainment shares. (Photo by MediaModifier on pixabay.com)
It’s already our fifth iGaming stocks report of the year. As always, there are plenty of interesting points to take into account.
Once again, we take a close look at Playtech, Evolution, Aristocrat, Light & Wonder, and 888 Holdings. We also added a new exciting American iGaming stock, Inspired Entertainment, to the bi-weekly portfolio…
The iGaming industry is in constant flux with acquisitions, innovation in technology/games, new territories, and regulatory issues.
In the UK, the industry has patiently been waiting for the white paper on regulatory recommendations, but a shakeup in the PM’s cabinet saw the Gambling Minister, Paul Scully transferred and Stuart Andrew, appointed as the replacement. This has angered leaders in the industry and is seen as another setback to the long-awaited guidelines.
The white paper is said to address customer affordability checks, statutory operator levies (to fund problem gambling treatments, education, sponsorship, and advertising) and reduce stakes for online slots to mimic those played at real-world casinos.
In order to give the UK gambling industry, the clarity it sorely needs, it is hoped that the new gaming minister will deliver the white paper sooner than later.
Another interesting development in the industry is that Amazon has entered the market of sports betting, since adding Premier League football and Thursday Night Football games on its FreeVee platform. The seemingly “natural progression” with SportsGrid, operated by BetMGM, has expanded Amazon’s reach and is looking at developing its own app in conjunction with SportsGrid.
A blast from the past iGaming share Prices? Every 2 weeks this report hits the headlines here on Casinoplusbonus. If you would like to look back historic prices reported on a bi-weekly basis, start with the iGaming Stock Prices 2023 (Issue 4) here.
The Lastest iGaming Stock Prices 2023 (Issue 5) Update!
Playtech – (PTEC.L)
- In the past month, Playtech has not changed much. moving sideways and varying 2% in both directions. The stock is still a long way off its 1 year high of 670 GBX and is currently trading at 572 GBX. Investors seem to be sitting on their hands, waiting for positive news from their corporate office.
Current Price: 572.00 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+65.5 GBX (+12.93%)
Aristocrat – (ALL)
- Aristocrat has fared remarkably well in this unstable environment. It continues to be a market leader in gaming software and expects 2023 to be a banner year for growth. The Australian based company has been named the official slot machine of the Las Vegas F1 Grand Prix, which has raised its profile in the United States. NFL slot machines will also be introduced in 2023 and has signed a partnership with the Las Vegas Raiders and their stadium. While ALL has been flat for the last couple of weeks, it has jumped 3.2% in the last 5 days and closed the trading day at $36.82 AUD.
Current Price: 36.82 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+6.16 AUD (+20.09%)
Light & Wonder – (LNW)
- Light & Wonder has lost a bit of ground since the start of the year and is down 6%. Market analysts aren’t as bullish on LNW as they were at the end of the year. The stock trading volume is down about 47% in the last 2 weeks, indicating a loss of interest for investors. LNW will release Q4 results on March 1st and trading volume should be back to par or exceed normal trading levels, regardless of the result. The stock is currently trading in positive territory at $61.20 USD.
Current Price: 61.20 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+4.25 USD (+7.46%)
888 Holdings – (888.L)
- The news on 888 Holdings keeps getting worse. On top of the resignation of the CEO, suspension of VIP accounts in the Middle East due to a customer compliance probe, there is now discussion that 888 is likely to leave the FSTE 250 mid-cap index. This will complicate an already dismal situation for the company. 888 is still pushing downward and is currently trading at 68.44 GBX… down 72% on the last year and 19.15% since opening in January 2023. Nonetheless, 888Casino is still going strong and one of the top brands in the UK, Europe, Canada, and the USA. See the 888Casino test review here for more info.
Current Price: 68.44 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
-16.16 GBX (-19.15%)
Entain – (ENT)
- Entain has not fully recovered since the news that the MGM Resorts takeover bid will not materialize. ENT dropped 13% since then, but its shares have returned to the green gaining 34 GBX (+2.52%) on the price reported in our iGaming Stock Prices 2023 (Issue 4) on 15 Feb. Currently ENT is trading at 1,352 GBX. On a positive note, the company has secured a Nevada gaming license to continue working in partnership with BetMGM, with Entain CEO sitting on the BetMGM’s board. Who knows, an online casino licensing authority may arise in the state one day.
Current Price: 1,352.00 GBX
3 Jan 2023 Open: 1,328.50 GBX
2023 Performance
+23.50 GBX (+1.77%)
Evolution – (EVO)
- A recently released article has delved into the ownership of Evolution AB and some surprising elements were revealed. Institutional investors own 44% of which boosts its credibility in the investment community. Insider investors also owned 44% of the outstanding shares, most of these shareholders are top executives on the EVO board. The rest of the shares are in the hands of private companies that have interest in a public company or are a related party. The stock has done well in this volatile market and is up 15% in the last year and is up 21% since January. It has been flat the last couple of weeks and is currently trading at 1,269 SEK.
Current Price: 1,269 SEK
3 Jan 2023 Open: 1,028 SEK
2023 Performance
+251 SEK (+23.4%)
Inspired Entertainment – (INSE)
- This American B2B company offers a complete range of iGaming services and is poised to break a yearly high of $16.18 USD, achieved 3 weeks ago. INSE has been on a bit of a run since October and is up almost 50% since then. Market analysts have been setting new price targets and institutional investors have been buying the stock… pushing the share price. The stock is currently trading at $15.51 USD and some analysts have set a one-year price target of $20 USD. These positive price targets are a result of speculation that INSE will post earnings per share of $1.06 USD, an increase of 51.91%.
Current Price: $ 15.51
3 Jan 2023 Open: $ 12.85
2023 Performance
+$ 2.66 (+20.7%)
Disclaimer: Share prices are correct at the time this report was written. However, as the prices here are static and stock markets are volatile, they have likely changed. As such, please be sure to check the live prices for the current rates. As for investing, this report is not for investors and is here purely for the interest of online casino players.
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