Welcome to our iGaming Stocks report! This is a regular stocks & shares price watch for online gambling companies listed on major stock global markets – Evolution, Entain, Playtech, Light & Wonder, & 888Holdings! (Regular photo by Mediamodifier on Pixabay)
Welcome back for the second iGaming Stocks report of the year. We’ve got a slightly new name for the report too!
We are not the iGaming Stocks Update Issue 2 2023, and you expect at the very least 25 issues throughout the year as this report is bi-weekly. We didn’t want to bore your with a weekly report of financial news, but hey, for some of you, that’s disappointing news!
So without further ado, let’s get into the nitty gritty of the stock markets for online gambling companies that supply the live dealer scene.
The iGaming Stocks Update Issue 2 2023 Lowdown!
The iGaming market started this year off with a bang. Many of the stocks that slumped during the end of 2022 have bounced back and are realizing some marginal gains.
There is still uncertainty in the online gaming market but until the newest macro-economic data regarding inflation, fallout from failed crypto companies, regulatory guidelines, etc., are released, it would appear that the market will see incremental growth. A pullback in the market is expected by analysts in the coming months and then a sharp recovery in the 3rd quarter… this is not a great scenario for the faint-hearted investor. This week we will checkout the usual suspects – 888 Holdings, Light & Wonder, Entain, Evolution and Playtech and examine how they have fared in the last couple of weeks.
And as usual, if you are a numbers guru, feel free to rewind through our bi0weekly iGaming stocks reports – here’s issue 1 with the old name – iGaming Stocks (WK2) 2023, which was our first report of 2023.
Disclaimer: Once again, the usual disclaimer. This iGaming Stocks Update Issue 2 2023 news piece is purely for informational purposes. Investing in stocks, selling them or any other activity that involves you risking your money requires a lot more research. Please don’t reply in this report and always search for the latest trends, prices and iGaming news before making a decision.
Evolution (EVO) – NASDAQ Stockholm – SEK
EVO continues to expand its global footprint and is now live in Bosnia and Herzegovina. The EVO group teamed up with a local operator Pin Projekt and will offer live casino content – slots, roulette and blackjack. The stock has risen 2.6% on this news and is currently trading at 1,154.60 SEK and is up 1.5% for the calendar year.
- Current: 1,154.60 SEK
- 10 January: 1,132.00 SEK
- 14 Day Gain/Loss: +22.60 SEK
- 2023 Market Open: 1050.00
- Yearly Gain/Loss: +4.60 SEK
Entain PLC (ENT) – London Stock Exchange (LSE) – GBP
Entain continues to be on the rise. In 2022, it didn’t come off as much as its peers and is only down 1.72% for the calendar year. Last week the company announced it would pull out of markets that aren’t nationally regulated and market liberalization appears to be stifled. Upon the press release, ENT jumped almost 100 GBX. MGM Resorts has also reconsidered buying the company, after its $10 billion buyout failed two years ago. The stock is currently trading at 1,518.28 GBX and is seeing resistance at 1, 551 GBX. If it crosses this threshold, it could regain the rest of its 2022 losses and enjoy new highs early in the new year.
- Current: £ 1,518.28
- 10 January: £ 1,450.00
- 14 Day Gain/Loss: +£ 68.28
- 2023 Market Open: £ 1,350.50
- Yearly Gain/Loss: +£ 167.78
Playtech (PTEC.L) – London Stock Exchange (LSE) – GBP
Playtech has held up well in the iGaming environment, declining 10% in the past year. The fact that the stock has moved very little since October may suggest that a takeover bid is in the works and insiders are awaiting the news. PTEC is currently trading at 546 GBX and is showing resistance at 552 GBX.
- Current: £ 546.00
- 10 January: £ 551.50
- 14 Day Gain/Loss: -£ 5.50
- 2023 Market Open: £ 536.00
- Yearly Gain/Loss: +£ 10.00
Light & Wonder (LNW) – NASDAQ NYC – USD
LNW continues to delight their investors with marginal increases in its stock price. It has held up admirably over the last year and is up 8.3% for the past year, when many of its peers have suffered losses. The company continues to innovate and produce games that engage the gambling masses. The stock closed at $64.21 USD and is very close to a yearly high of $66.14 USD, which is very possible considering the positive outlook of the market at the moment.
- Current: $ 64.21
- 10 January: $ 59.74
- 14 Day Gain/Loss: +$ 4.47
- 2023 Market Open: $ 58.12
- Yearly Gain/Loss: +$ 6.09
888 Holdings (888.L) – London Stock Exchange (LSE) – GBP
888 continues to move in a horizontal direction, with very little fluctuation up or down. Although it has gained around 15% in recent months, the company has a steep hill to climb to return to prices that investors can recoup their 2022 losses. Some market analysts have slashed the target price of 888 and this has continued to hamper recovery of the stock. The stock saw a brief jump in price when the UK government released positive GDP data but started to come off as the day progressed. The stock is currently trading at 94.39 GBX. The company itself currently operates 888Casino, William Hill, and Mr Green Casinos. Check out the main 888Casino review here.
- Current: £ 94.39
- 10 January: £ 94.00
- 14 Day Gain/Loss: +£ 0.39
- 2023 Market Open: £ 88.05
- Yearly Gain/Loss: +£ 6.34
Casino Financial News: For those of you who like to crunch numbers and enjoy looking at the financial side of the iGaming industry, check out the latest casino related economy and financial news here.
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