Welcome to the Casinoplusbonus iGaming Stocks & Shares Week 48 overview providing updates on share prices of PLCs operating iGaming entities. (Photo by Pixabay on pexels.com)
As we move into the first week of November 2022, the iGaming industry has come under fire as the FIFA World Cup has sparked underage betting and problem gambling.
This has been rebuked by the Betting and Gambling Council and they state that this is not a growing issue and that the international standard rate for problematic gambling has remained at 0.03% globally and has not increased.
They maintain that the problematic issues raised are not rising, but in fact, have been decreasing in the last few years. Having said that, the World Cup betting has increased across the board for all iGaming companies, mainly due to a surge in advertising, easy access to operators, and ease of payments.
The increase of spectator spending has not translated into an increase in the iGaming stock prices though… Several companies have seen marginal increases, while some have continued to decline. As we enter week 49, we will look at Playtech, Aristocrat, Evolution, 888 Holdings, Light & Wonder and Entain to catchup on their stock movements and pricing.
Are marginal increases a sign of recovery stability or false hope?
Well whatever is next for the stock market and global finances, we’ll leave that up to you. What could come of the ‘under age’ betting saga is more restriction for online gambling companies, especially in the ‘advertising department. We have already seen Entain pull out of sponsorship deals with major sports teams in Australia and the soon to be Irish online gambling regulatory framework draft hit hard on the topic of advertising. With limited advertising campaigns, a sour economy slump that no one can predict, there is no way of knowing what’s next these companies. For now we have a few rises in prices and some that are dipping in what is mostly an unpredictable market.
Let’s jump right in and see what’s happening out there in the latest iGaming stocks & shares week 48 report:
- Playtech (PTEC.L) – In the last couple of weeks PTEC has seen a 2.4% drop from 556.50 GBX to 543 GBX. It did have a brief spike to 562.50 several days ago but continues to be in a downward movement. It would seem that the market is still accessing PTEC’s recent measures to refinance its debt and the new partnerships with Lottomatica and Mansion. If you are looking to catch up on the latest news related to this iGaming firm, the following Playtech iGaming platform review provides with a company overview and new columns at the end of the overview.
- Evolution (EVO) – Evolution has received industry recognition from the American Gambling Awards (Gambling.com) for the Gaming Product of the Year – Lightning Roulette and this has seen a boost in their share price. The stock price is up 7% in the last 2 weeks and saw a mild increase after the award announcement. The stock is currently trading at 1,087.70 SEK and looks like it will continue in positive territory.
- Light & Wonder (LNW) – Since releasing its Q3 earnings a month ago, LNW has experienced 16% increase in share value! But it has faltered somewhat in the last 2 weeks when it was trading at 65.85 USD and closed at 63.62 USD today, a 3.4% decrease. LNW continues to hire senior staff and installed James Schultz as Executive VP of Global Policy and Government Affairs to enhance operations in all sectors. LNW is the 10th biggest betting company globally with a market cap of 6 billion USD and is one of the strongest stocks in this sector and it looks to finish strong as the year comes to a close.
- 888 Holdings (888.L) – Floated on the London Stock Exchange (PLC), as the year comes to a close, 888 Holdings has shaken up senior management by appointing Anna Barsby as its new Chief Product & Technology Officer. She will oversee the integration of William Hill into 888.L and expedite the potential of these two businesses. The stock has risen from 96.20 GBX to 99.60 GBX in the last couple of weeks and dropped from a 5-day high of 104.70 GBX since the Barsby announcement. For those of you new to the online gambling scene, 888 Holding is the owner of Mr Green, 888 Casino, and William Hill online casino. You can find their platforms via the United Kingdom online gambling guide here. Operating under an LSE PLC in the UK, FSA and a UKGC licence, they are considered some of the safest iGaming brands in the country.
- Entain plc (ENT) – Two weeks ago Entain was at 1,365 GBX and has made only marginal gains since then. The stock continues to move in a horizontal direction which in not great news but it is holding its own at the moment. ENT recently acquired 75% of the Croatian operator Sportsbook Group and this may be the reason for the current uncertainty. It has also relaunched Unirkn (acquired last year) in Brazil and Canada (with the exception of Ontario) and this may also be a reason for its cautious movement. The stock is currently trading at 1,368.75 GBX.
- Aristocrat (ALL) – Aristocrat continues to plug along with no exceptional movements up or down. Although it is up 4.5% in the last 6 months, this stock is down 2% in the last 2 weeks and is currently trading a 35.06 AUD. After its underwhelming earnings report in November its stock price has decreased. This has not stopped industry analysts stating that ALL will have long-term organic growth, it has a substantial amount of cash and working capital and this stock will turn around in the near future.
Disclaimer: All prices listed here were provided at the time of writing this report. They will have changed by now as the stock markets are volatile. As an additional note, this iGaming Stocks & Shares Week 48 is purely for informational purposes and not as a tool for investment. Moreover, we have no opinion on whether or not you should invest in these iGaming stocks. For up to date prices, I suggest looking at Yahoo Finance here.
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