Inspired Entertainment moves into the green, while Evolution, MGM, and Evoke continue to drop. Playtech, LNW, and Flutter report solid growth. (Image by Mohamed Hassan from Pixabay)
The term ‘responsible gambling’ has been around for decades. But what does it mean, and how to implement these schemes?
Basically, it means that operators provide a healthy gaming atmosphere for players. They allow players to be in a secure environment.
The strategy for responsible gambling is to prevent gambling additions (and related issues). Operators and non-profit organizations provide these. The most common technique is self-exclusion. It assists players in keeping track of their gambling habits.
With this system, players can limit the amount of time and money they spend in casinos. It gives players an opportunity to reflect on the temptation of excessive gambling. Players can also delete or suspend their gaming accounts (long/short term). This is a voluntary approach to control gambling habits.
This stops any further gambling and the return of funds in their account. The operator collects the player’s data so new accounts cannot be opened, and the player will not receive gaming ads during the self-exclusion period. Other techniques from operators include pop-up reminders of how long a player has been playing. These reminders also show the amounts they have bet and suggest taking a break.
Some iGaming companies provide deposit limits, which prevent players from overspending. They send players activity statistics and suggest cooling-off periods. Operators can prevent overspending by enforcing player budgets. This helps set financial boundaries to prevent adverse effects on personal finances and/or financial difficulties.
All of these strategies can be implemented by gaming companies that monitor a player’s gaming habits. However, the onus is still on the player. If a player gambles on a wide array of gambling platforms, it is up to the player to contact each company to self-exclude. They must apply for self-exclusion separately.
These schemes are meant to empower the player by providing flexibility when gambling. They also maintain a player’s financial integrity.
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Gambling Company Price Movements
London Stock Exchange (LSE)
Playtech – (PTEC.L)
Playtech posted its H1 financial report about 5 weeks ago. While the results were quite robust, investors felt differently, and the share price has remained flat in the past 4 weeks.
While the major US indices rose almost 3% over the past month, PTEC is down 0.14% in the same period. PTEC said they would redeem EUR200m of outstanding bonds due in March 2026 and would repay the amount on the completion of the Snaitech sale. The company also is reportedly exploring the possibility of selling its German sports betting company, Happybet.
The shares of PTEC are currently trading at 726 GBX with weak support at 719 GBX.
Current Price: 726 GBX
2 Jan 2024 Open: 445.40 GBX
(+280.60 GBX | +63.00%)
3 Jan 2023 Open: 506.50 GBX
(+219.50 GBX | +43.34%)
Australian Securities Exchange (ASX)
Aristocrat Leisure Limited – (ALL.AX)
There is a lot of positive news on Aristocrat. They have recently been issued a supplier (vendor) license in the UAE, and Wynn Resorts has been issued the first operator license for the territory.
In the U.S., the company announced revenue growth of 5% for 2024 by adding 7,200 slots around the country. ALL has pegged 12.8% of its surplus cash for D&D after posting solid financial FY2024 results 2 weeks ago. Some of the highlights from the report are EPS growth of 20%, a dividend increase of 22% for 2024, profits up 12%, and the company returned USD 3b to shareholders through buybacks/dividends.
The stock is up almost 14% since the last report and is currently trading at AUD 67.15.
Current Price: 67.15 AUD
2 Jan 2024 Open: 40.60 AUD
(+26.55 AUD | +65.40%)
3 Jan 2023 Open: 30.66 AUD
(+36.49 AUD | +119.06%)
(Nasdaq Stock Market)
Light & Wonder – (LNW)
Light & Wonder (LNW) – The troubled Light & Wonder beat Q3 earnings estimates to mixed scrutiny. While the company had relatively healthy results, it missed revenue targets. The consensus revenue target was USD 827m but realized revenue came in at USD 817m and has affected the share price. Net income also suffered as it was USD 11m less than the same time last year.
The share price rose 1.36 % in the past month and is currently trading at USD 96.42.
Current Price: 96.42 USD
2 Jan 2024 Open: 81.56 USD
(+14.86 USD | +18.22%)
3 Jan 2023 Open: 56.95 USD
(+39.47 USD | +69.29%)
London Stock Exchange (LSE)
EVOKE PLC – (EVOK)
After posting their Q3 financial report recently, EVOK hinted that they would close their U.S. gaming activities and focus on the European market. The company is currently in talks to sell its assets in Virginia, New Jersey and Michigan as revenues have dropped consistently month to month over the past year.
In Europe, the company announced a major stake in Romanian company Winner.io.
The share price rose 3.56% in the past month and is currently trading at 53. 75 GBX.
Current Price: 53.75 GBX
2 Jan 2024 Open: 91.00 GBX
(-37.25 GBX | -40.93%)
3 Jan 2023 Open: 84.60 GBX
(-30.85 GBX | -36.46%)
(Nasdaq Stockholm)
Evolution AB – (publ) (EVO.ST)
Evolution AB reported strong Q3 2024 financials, with operating revenues rising 27.9% to EUR 579.0 million. Live segment revenue grew 15.8% year-on-year to EUR 446.9 million, driven by innovative games like Lightning Storm and Lightning Dragon Tiger.
Operationally, the company expanded with new studios in Colombia and the Czech Republic. However, challenges like a labor strike in Georgia and cyber-attacks in Asia impacted revenue growth in these regions.
North America led with 18% revenue growth, while Europe and Latin America posted steady increases. Despite operational challenges, Evolution continues to dominate the live gaming market.
Evolution AB currently trades at 952 SEK.
Current Price: 952 SEK
2 Jan 2024 Open: 1,217.40 SEK
(-175.40 SEK | -15.55%)
3 Jan 2023 Open: 1,028.00 SEK
(-76.00 SEK | -7.39%)
(Nasdaq Stock Market)
Inspired Entertainment, INC – (INSE)
INSE missed market expectations a couple of weeks ago, but investors have rallied behind the company as the share price rose substantially in the past 2 weeks. The company missed revenue – down 20% year-over-year, net income was flat at USD 3.40m, and EPS was down $0.12 year-over-year (a 51% miss).
INSE executives stated they will focus on digital assets, optimizing land-based operations and looking at global partnerships in the future. The stock price rose almost 11% in the past month, the company’s strongest month in 2024.
The share price is currently trading at USD 9.91 and is in a bearish trend.
Current Price: 9.91 USD
2 Jan 2024 Open: 9.84 USD
(+0.07 USD | +0.71%)
3 Jan 2023 Open: 12.85 USD
(-2.94 USD | -22.88%)
London Stock Exchange (LSE)
Flutter Entertainment plc (FLTR.L)
Flutter has a stellar Q3 Financial Report on November 13th. The company beat their sales and profit estimates. Revenue was up 27% (driven by a 17% increase in monthly players), fueled by a great start with the NFL and betting increases.
The company has also announced a USD 5b share buyback program, which has pushed up the share price. Investors believe that FanDuel and Paddy Power, which have cornered around 35% of U.S. sports betting, are gambling that they can challenge DraftKings for a bigger market share. Analysts expect Flutter to grow 400% by 2028 as the market expands in the U.S. The share price surged 22.5% in the past month and is at an all-time high of USD 275.52.
However, we are tracking Flutter’s GBX price, which has also jumped in price since our October 2024 iGaming stock price report.
Flutter GBX is currently trading at 21,610.
Current Price: 21,610 GBX
2 Jan 2024 Open: 13,935 GBX
(+7,675 GBX | +55.10%)
3 Jan 2023 Open: 11,405 GBX
(+10,205 GBX | +89.48%)
New York Stock Exchange (NYSE)
MGM Resorts International (MGM)
MGM posted a consensus miss on their Q3 earnings report on Oct. 31st. The company’s EPS was $0.54, missing the analyst’s consensus of $0.58, which is down 10 cents from the 2023 financial report—revenue missed by 0.9% (USD 400m).
Their MGM China and Las Vegas assets posted 14% and 1.3% revenue increase respectively. MGM also announced they repurchased USD 326m shares up to September 30th, 2024. The company has been in the red for over a year and is down 6.34% in the past month.
MGM is currently trading at USD 37.80.
Current Price: 37.80 USD
2 Jan 2024 Open: 44.29 USD
(-6.49 USD | -14.66%)
3 Jan 2023 Open: 33.93 USD
(+3.87 USD | +11.41%)
Disclaimer: We are nto offering finanicial advice. As we an iGaming site, and our expertise is online casinos, the idea of this report is to give players an idea of how well casino operators and B2B supplier brand names in the online gambling entertainment business are performing in their respective stock markets.
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