Yearly stock price movements since the 2023 market open show ENT (-40.91%), EVO (+10.02%), PTEC (-20.60%), L&W (+43.93%), and 888 (-3.80%). (Image by Pabitra Kaity at Pixabay.com)
What is iGaming? The vast majority of online casinos and gambling software would fall under this broad definition.
Gamers who play at Bitcoin casinos with no deposit bonuses are navigating the vast expanse of online gaming.
The fast-paced nature of the upcoming gaming technology in this market should not be shocking.
Immersion experiences and richer graphics have been made possible by the industry’s biggest names’ consistent growth in investment.
Additionally, we’ve seen more ingenuity in wagering and reclaiming war booty following a defeat.
In light of this, a few innovations are changing the online casino landscape in the UK by reinventing concepts that most of us find commonplace. One of those fields with limitless potential is virtual reality, where players could use the casino scenes as an excuse to be any character they want.
Although virtual reality (VR) technology has been around for a while, it is only now—especially with the release of new gaming technology in 2023—that we have the graphics power to take experiences to entirely new levels. Individuals will be eager to participate in the event as opposed to just watching it.
Everywhere… all the time…
How is iGaming handling the gadgets we carry around in our pockets? Smartphone functionality has advanced far beyond calling, texting and even sending amusing messages to your friends and family.
There’s not much left to make these into full entertainment machines, even with processors that would make some of the greatest gaming PCs of the past blush and lightning-fast internet access.
Users can now take their experience to the largest screen they can find and are no longer restricted to the somewhat small screen of a smartphone thanks to recent technological advancements like screen mirroring. The same thing should be anticipated when combining VR with smartphone technology, an area where content availability and quality have increased significantly.
How does this affect the online gaming industry??
In a few different ways, iGaming companies will closely monitor new gaming technology developments in 2023.
The iGaming sector is developing into more immersive, interactive and worldwide. In a way that has never been seen before, virtual worlds and online casinos throughout the world will be able to combine, bringing together a mix of AI characters and real players for thrilling gaming experiences.
If technology continues to advance and allow us to utilise our senses fully, physical casinos will need to reinvent themselves to remain the distinctive and traditional offerings that they are today.
This week’s report will cover the price movements of Playtech, Entain, 888 Holdings, Evolution and Light & Wonder for the last 2 weeks.
Disclaimer: The information on this page is purely price update information and not investment advice. Also, for our previous gambling company share price update, please see Issue 24 – iGaming Stocks Update.
Evolution (EVO) – NASDAQ Stockholm – SEK
Evolution has struggled in 2023 but continued to stick to the fundamentals of its business strategy. The company continues to launch innovative games catering to local cultural tastes and traditions in their territories. Recently the company just spread its wings with yet another new game show title, Crazy Pachinko reviewed in the New Live Casino Games update published at the beginning of the month. The company is up 10% for the year and has bounced since hitting a yearly low of 935 SEK in October… up almost 7% in the last 2 weeks. The share price currently trades at 1,155.80 SEK with resistance at 1,167 SEK.
- Current: 1,155.80 SEK
- 28 November: 1,079 SEK
- 14-Day Gain/Loss: +76.80 SEK (+7.12%)
- 2023 Market Open: 1,050.50 SEK
- Yearly Gain/Loss: +105.30 SEK
- Yearly (%) Movement: +10.02%
Entain PLC (ENT) – London Stock Exchange (LSE) – GBX [British Pence]
Entain continues to get punished by the investors, shedding 41% of their share price this year due to their actions. The firm was forced to pay a £585m fine by the Crown Prosecution Service (CPS) for a bribery charge in Turkey, but the CPS has added a new condition. The CPS has mandated ENT cease all operations in Brazil, Chile, Mexico and Peru within the next year. These markets are not fully regulated and may be partial to criminal activities. The share price has dropped 4% since the last report and is currently trading at 798 GBX.
- Current: 798 GBX
- 28 November: 844 GBX
- 14-Day Gain/Loss: -46.00 GBX (-5.45%)
- 2023 Market Open: 1,350.50 GBX
- Yearly Gain/Loss: -552.5 GBX
- Yearly (%) Movement: -40.91%
Playtech (PTEC.L) – London Stock Exchange (LSE) – GBX [British Pence]
A couple of months ago, Playtech signed a partnership with FanDuel in Canada, launching live casino content, the first such collaboration between the 2 companies. PTEC has also built a dedicated studio for FanDuel to provide exceptional service and solutions for the Canadian casino. This deal has not improved the share price as the has remained flat. The stock is currently trading 425.60 GBX and is up 1% in the last 2 weeks.
- Current: 425.60 GBX
- 28 November: 426 GBX
- 14-Day Gain/Loss: -0.40 GBX (-0.09%)
- 2023 Market Open: 536.00 GBX
- Yearly Gain/Loss: -110.40 GBX
- Yearly (%) Movement: -20.60%
Light & Wonder (LNW) – NASDAQ NYC – USD
As the year ends, Light & Wonder has continued to impress its investors as the share price is up 44%. The company has maintained a strong executive board that has navigated a really difficult year by controlling costs while launching new games throughout the year. The company enjoys large investments and support from institutional investors that hold almost 70% of the company stock. The share price is currently trading at $83.65 and is starting to pull back from a yearly high of $89 achieved at the end of November.
- Current: 83.65 USD
- 28 November: 86.95 USD
- 14-Day Gain/Loss: -3.30 USD (-3.80%)
- 2023 Market Open: 58.12 USD
- Yearly Gain/Loss: +25.53 USD
- Yearly (%) Movement: +43.93%
888 Holdings (888.L) – London Stock Exchange (LSE) – GBX [British Pence]
888 Holdings has disappointed shareholders this year with a 4% decrease in price since last January. The company has rejected 2 takeover bids, lost its CEO and paid a huge fine for money laundering in the Middle East. 888 is up almost 8% in the last 2 weeks, trading at 84.70 GBX with strong resistance at 86.25 GBX.
- Current: 84.70 GBX
- 28 November: 80.95 GBX
- 14-Day Gain/Loss: +3.75 GBX (+4.63%)
- 2023 Market Open: 88.05 GBX
- Yearly Gain/Loss: -3.35 GBX
- Yearly (%) Movement: -3.80%
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