Playtech, Aristocrat, L&W and Flutter stock prices remain consistently strong, while MGM, Inspired, Evolution, and EVOK are losing sentiment. (Image by Mohamed Hassan from Pixabay)
The iGaming Industry kicked off back in 1994 but was still under the radar until about 10 years ago. The industry has continued to build from innovation to innovation, and this has remained true to date.
Outsiders may think that online gambling is a recent invention because we are now inundated with commercials that feature celebrities from many different industries.
One of the most obvious reasons for its explosive expansion is the range of games that online gambling providers can supply.
Not only can digital technology emulate casinos it can add more games and add games that cannot exist in a real-world setting.
Physical buildings do not restrict online gaming, so they are not confined by the games they can offer. The user interface of iGaming websites with the public is second to none.
The websites are user-friendly, payments are seamless (with many payment options), and security is some of the best on the internet. Along with excellent websites, the internet itself has changed the way people interact with traditionally offline activities. Physical casinos that are replicated online are a good example of this sweeping change.
The online public has adopted the iGaming industry in a positive way in the last decade. This market trend continues to grow and is increasing the number of users every day because the gambling experience is realistic, the choices are endless, and betting is safer because of KYC and online security.
With evolving advances in technology, industry providers will continue to ensure that the future of online gambling will be better than we can probably imagine.
Previous Casinoplusbonus iGaming Stock Reports: Look back at our previous iGaming shares reports via the Casinoplubonus Casino Economy News. You’ll find crypto reports and last month’s September 2024 Casinoplusbonus Gambling Shares Update.
Gambling Company Price Movements
London Stock Exchange (LSE)
Playtech – (PTEC.L)
Playtech posted their H1 2024 financial report on October 2nd to mixed sentiment. While the company boasted robust growth, investors reacted differently and the share price dropped almost 2% after the news. Group revenue was up 5%, adjusted EBITDA was up 11% but stated the end of the year EBITDA to be mid-target.
The company sold Snaitech to Flutter for £1.94b, which will secure a net cash flow by 2025. The share price has been bullish in the last 3 months and is down 3.6% in the past month, currently trading at 731 GBX and just off a six year high of 775 GBX on September 25th.
Current Price: 731 GBX
2 Jan 2024 Open: 445.40 GBX
(+285.60 GBX | +64.13%)
3 Jan 2023 Open: 506.50 GBX
(+224.50 GBX | +44.33%)
Australian Securities Exchange (ASX)
Aristocrat Leisure Limited – (ALL.AX)
Aristocrat signed a major deal with Princess Cruises a few days ago to supply slot machines on their ships in dedicated ‘Buffalo Zones.’ The company will install their Buffalo slot machines for the inaugural cruise of the ship Sun Princess in 2025 and then the rest of the fleet.
The company will also launch a new line of games called Phoenix Link and was well received at the recent Las Vegas Gaming Expo earlier this month. Aristocrat hit an all time on October 17th of 59.94 AUD and is currently trading at 59 AUD and is up 1.4% in the past month.
Current Price: 59.00 AUD
2 Jan 2024 Open: 40.60 AUD
(+18.40 AUD | +45.32%)
3 Jan 2023 Open: 30.66 AUD
(+28.34 AUD | +92.43%)
(Nasdaq Stock Market)
Light & Wonder – (LNW)
Light & Wonder has gained some market share in Canada recently. A report released earlier this month stated that the supplier LNW studio gained top spot for the first time. The LNW Gross Gaming Revenue (GGR) was more than 1% over its next competitor.
The increase was from 4th place last August. The company’s share price has not recovered since the court case judgement against them from Aristocrat last September.
After dropping 24% in Sept., the share price is up 3% for the month and is currently trading at 95.13 USD.
Current Price: 95.13 USD
2 Jan 2024 Open: 81.56 USD
(+13.57 USD | +16.63%)
3 Jan 2023 Open: 56.95 USD
(+38.18 USD | +67.04%)
London Stock Exchange (LSE)
EVOKE PLC – (EVOK)
The battered share price of EVOK continues to drop. The stock is down 43% since last January, and down almost 21% in the last month. Many UK iGaming companies’ share prices tumbled after the UK Treasury said they might target the gaming industry in the September 30th budget.
The ‘tax raid’ would bring in £3b to help with the £22b tax deficit in public finances. This would double the taxes on the online gaming providers, some government officials calling the tax a ‘harm product’ and subject to higher rates.
EVOK is currently trading at 51.65 GBX and is at a 12-year low.
Current Price: 51.65 GBX
2 Jan 2024 Open: 91.00 GBX
(-39.35 GBX | -43.24%)
3 Jan 2023 Open: 84.60 GBX
(-32.95 GBX | -38.95%)
(Nasdaq Stockholm)
Evolution AB – (publ) (EVO.ST)
Evolution AB’s stock has fallen substantially but has made a slight comeback this month.
The downtrend is down to a few factors despite its dominance on the live casino gaming scene. Market sentiment has been affected by concerns over slowing revenue growth and profitability, notably since the company’s Q2 results earlier in the year showed a deceleration compared to previous quarters.
Additionally, broader market conditions, including inflationary pressures and investor caution around high-growth tech stocks, have weighed on sentiment. Another factor impacting Evolution’s stock is regulatory challenges in some markets, which have introduced uncertainties regarding future revenue potential and expansion efforts.
As a result, the stock is currently trading at 1,044.50 SEK, slightly up from our report last month, when EVO.ST has dropped to as low as 1,018.50 SEK.
Current Price: 1,044.50 SEK
2 Jan 2024 Open: 1,217.40 SEK
(-172.90 SEK | -14.20%)
3 Jan 2023 Open: 1,028.00 SEK
(+16.50 SEK | +1.61%)
(Nasdaq Stock Market)
Inspired Entertainment, INC – (INSE)
Inspired Entertainment is about to launch a technologically advanced online product in Canada called Hybrid Dealer. This is a U.S. patented roulette game that will partner with Loto-Quebec.
The game features pre-recorded real-life hosts in Virtual CGI, countdown timers and all players getting the results in real time.
The company is in a bearish trend, down almost 3% since the last report and is currently trading at 9.00 USD, with strong resistance at 9.53 USD.
Current Price: 9.00 USD
2 Jan 2024 Open: 9.84 USD
(-0.84 USD | -8.54%)
3 Jan 2023 Open: 12.85 USD
(-3.85 USD | -29.96%)
London Stock Exchange (LSE)
Flutter Entertainment plc (FLTR.L)
Flutter hit an all-time high on September 26th but has come off since then. The company has struggled in the past month with wild fluctuations in the share price of up to 9%.
The company is up 29% for the year but is in a downward trend and is down 5.6% for the month. The company announced a share buyback last month, and initially it had some positive effect on the share price, but now there has been some selling pressure. They will release their Q3 earnings report on November 12th, so perhaps this drop is built in.
The stock is currently trading at 17,415 GBX and continues in a bearish trend.
Current Price: 17,415 GBX
2 Jan 2024 Open: 13,935 GBX
(+3,480 GBX | +24.98%)
3 Jan 2023 Open: 11,405 GBX
(+6,010 GBX | +52.70%)
New York Stock Exchange (NYSE)
MGM Resorts International (MGM)
MGM Resorts could still be feeling the effects of the hack that they suffered over a year ago. The share price has been in decline since the beginning of the year, down 11% and losses are said to be over $100m USD from the hack.
The stock is down 3% from the last month but this could change in the coming months. A strategic licensing agreement signed in 2023 between Marriott International and MGM Resorts, will allow Marriott to rebrand the MGM Delano Las Vegas to the W Hotels brand (Marriott Bonvoy portfolio). This rebranding is to happen before the end of 2024.
There was a brief rise in share price last July where it hit 48.24 USD but is now trading at 40.36 USD.
Current Price: 40.36 USD
2 Jan 2024 Open: 44.29 USD
(-3.93 USD | -8.87%)
3 Jan 2023 Open: 33.93 USD
(+6.43 USD | +18.95%)
Disclaimer: The stats on this page will be out of date the day after publishing this report as the stock market prices always move. Also, we would like to remind you that we are not offering financial advice in this report. We are merely providing a monthly iGaming stock price update.
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