2023 end of year iGaming stocks gains and losses – ENT (-26.37%), EVO (13.65%), PTEC (-16.85%), L&W (+45.25%), and 888 (+3.01%). (Image by Pabitra Kaity at Pixabay.com)
This is the final Livecasinocentral iGaming Stocks Update for 2023. We leave you with the yearly gains and losses for company as we explain the last 2 week’s of stock movements.
People enjoy online gambling during the festive season as they have more time off work. Operators will improve the attractiveness of their offers during the Christmas holidays, and why wouldn’t they? The gaming industry is expanding rapidly, shattering all previous records. There is little doubt that they will cater to patrons throughout the holiday as people head to a friend’s house, anticipating family members joining them or unwinding over the holidays.
Why is the iGaming market expanding?
This market is enormous, as online gambling generates close to USD 67 billion in revenue globally. More than 300 million people play at the top casino sites every month. Every land-based casino game- roulette, Baccarat, Blackjack, Poker, and Slots- is available online. Their content is accessible across a variety of platforms and OS versions. With the plethora of choices, patrons are keen to try their luck while they have more downtime.
Considering everything, there’s no reason why top online casinos shouldn’t get into the holiday spirit and make the iGaming experience better for its players. When playing at online casinos, players typically use various browsers to access websites or download applications to their phones. This implies that operators can rework the visual design of their content for the holidays by assigning a few developers to the project. They can also create unique promotions and player tasks with a Christmas theme. The spirit of the holidays is felt by patrons visiting online casinos during this time of year, and they will generally spend more than usual.
Christmas is when people are in the mood to enjoy themselves, which is why iGaming operators take advantage of it. Online casino players are enthusiasts, and their favourite games have Christmas themes, so they will spend more time and money on these games. Online gaming will continue to grow as the industry refines its marketing for different holidays throughout the year and improves accessibility through mobile devices.
This week, the report will explore the price movements of Playtech, Entain, 888 Holdings, Evolution, and Light & Wonder in the last couple of weeks to see where they may be headed in 2024.
Disclaimer: This is not investment advice. We merely keep track of stock prices for online gambling entertainment companies we see regularly features in our news here on Livecasinocentral. For the previous version of this report please see iGaming Stocks Update Issue 25 2023.
Evolution (EVO) – NASDAQ Stockholm – SEK
- Investors’ Yearly 2023 Gain gain in Evolution was: +13.65%
Evolution continued to launch an impressive lineup of online games throughout 2023, but it hasn’t been reflected in the share price and revenue growth. The company has launched live game shows and live slot machines, but this strategy has failed to impress investors in Q2 and Q3. EVO has bounced back from a yearly low of 935 SEK in October and is now trading at 1,194 SEK, a 28% surge.
- Current: 1,194 SEK
- 12 December: 1,155.80 SEK
- 14-Day Gain/Loss: +38.20 SEK (+3.31%)
- 2023 Market Open: 1,050.50 SEK
- Yearly Gain/Loss: +143.50 SEK
- Yearly (%) Movement: +13.65%
Entain PLC (ENT) – London Stock Exchange (LSE) – GBX [British Pence]
- Investors’ Yearly 2023 Gain loss in Entain was: -26.37%
An exciting development for Entain was the recent resignation of their long-term CEO, Jette Nygaard-Andersen. She led the group since January 2021 and stepped down on December 13th. The interim CEO will be Stella David until a permanent replacement is found. The removal of Nygaard-/Andersen was initiated by pressure from investor activists and institutional investors for her performance in settling the Turkish bribery settlement for £585 million. The share price has surged 19% since her removal and is currently trading at 994.40 GBX.
- Current: 994.40 GBX
- 12 December: 798 GBX
- 14-Day Gain/Loss: +196.40 GBX (+24.60%)
- 2023 Market Open: 1,350.50 GBX
- Yearly Gain/Loss: -356.10 GBX
- Yearly (%) Movement: -26.37%
Playtech (PTEC.L) – London Stock Exchange (LSE) – GBX [British Pence]
Investors’ Yearly 2023 Gain loss in Playtech was: -16.85%
The troubled Playtech has rebounded in the last two weeks, up 4.5%. After posting poor earnings reports in Q1 & Q2, the company has rebounded since the beginning of December. PTEC signed a new strategic deal two days ago with Stardust (an online brand of Boyd Gaming) in Pennsylvania and New Jersey. The company will integrate a variety of online slots, live casino games and table games. PTEC continues to increase its U.S. online casino footprint and encourage patrons to gamble responsibly in these highly regulated territories. The share price currently trades at 445.69 GBX with resistance at 452 GBX.
- Current: 445.69 GBX
- 12 December: 425.60 GBX
- 14-Day Gain/Loss: +20.09 GBX (+4.72%)
- 2023 Market Open: 536.00 GBX
- Yearly Gain/Loss: -90.31 GBX
- Yearly (%) Movement: -16.85%
Light & Wonder (LNW) – NASDAQ NYC – USD
- Investors’ Yearly 2023 Gain in Light & Wonder was: +45.25%
Light & Wonder continues to outperform its peers with a 45% increase in share price since last January. The company continues to fund R & D to launch popular innovative games, with successful media hype from their multiple studios. Their studio footprint includes Las Vegas, Chicago, Reno, Manchester, Sydney, India and Tsingtao. The main features of the games are the cabinets that house the aesthetically pleasing games with special features unique to each game, such as dual slant screens. The company is trading at USD 84.42 and has been flat in the last two weeks.
- Current: 84.42 USD
- 12 December: 83.65 USD
- 14-Day Gain/Loss: +0.77 USD (+0.92%)
- 2023 Market Open: 58.12 USD
- Yearly Gain/Loss: +26.30 USD
- Yearly (%) Movement: +45.25%
888 Holdings (888.L) – London Stock Exchange (LSE) – GBX [British Pence]
- Investors’ 2023 Yearly Gain in 888 Holding was: +3.01%
888 Holdings, the operator behind our 888 casino live review, has survived a challenging year. The company was the target of a hostile takeover, money laundering charges, a couple of friendly buyouts and executive board changes. 888 has recently focused on its lucrative sports betting subsidiary William Hill (also poker, casinos, & bingo). Play’n Go signed an agreement with William Hill to expand their Italian presence several days ago. William Hill will also sponsor the Boxing Day fixture at Aintree Racecourse for the first time this year. This agreement will strengthen their continued growth in horse racing in the UK. The company is also the main sponsor of the Grand National, Britain’s biggest horse racing event. 888 is currently trading at 90.70 GBX, up 7% since the last report.
- Current: 90.70
- 12 December: 84.70 GBX
- 14-Day Gain/Loss: +6.00 GBX (+7.08%)
- 2023 Market Open: 88.05 GBX
- Yearly Gain/Loss: +2.65 GBX
- Yearly (%) Movement: +3.01%
Leave A Comment