2024 for iGaming share prices show modest movements – EVO (+4.50%), ENT:L (+0.99%), PTEC:L (+2.18%), LNW (-0.49%) and 888:L (-6.59%). (Image by Pabitra Kaity at Pixabay.com)
According to a new American Gaming Association (AGA) survey, a record 53.4 million American adults (20%) are anticipated to wager on Super Bowl LVIII, a 64 percent increase from the record set 2023.
More than twice as much as last year, bettors anticipate wagering $18 billion on this year’s championship game.
It is anticipated that traditional Super Bowl wagers will surpass casual wagers for the first time with the expansion of legal sports betting:
- Thirty million adult Americans, up sixty-six percent from 2023, intend to bet on traditional sports online, at a physical sportsbook, or with a bookmaker.
- Up 50% from 2023, 28 million people intend to wager informally with friends or as a part of a pool or squares competition.
Legal sports betting also attracts more fans to the NFL, as over one-third (34%) of NFL supporters believe that watching an NFL game has become more thrilling since it is now more widely available. The Super Bowl highlights the benefits of legal sports betting – legal operators will bring in much-needed tax revenue to states across the U.S., with other sports leagues and sports media experiencing increased engagement, and bettors are transitioning to the protections of the regulated market.
Research estimates that 15% of the total bets will be wagered once the game begins. Another 22% would be wagered in the same game parlay or a combination of bets (winner, total points scored, passing yards, etc.).
The Super Bowl will also feature 3 sports betting ads, one shown before and 2 others during the game. The NFL has restricted the number of betting ads during the game to less than 5% of all in-game ads. The 3 big industry leaders, DraftKings, FanDuel, and BetMGM, will have their ads featured, increasing their visibility and helping to promote safe gambling.
This report will look at Playtech, Entain, 888 Holdings, Evolution AB, and Light & Wonder and the price movements over the last month.
The report also covers the successful rebel offensive in the Kokang region, which resulted in the arrest and repatriation of thousands of individuals involved in the industry and China’s crackdown on cross-border cybercriminal operations in Myanmar. Despite these precautions, organized crime groups engaged in cybercrime have shown flexibility in relocating their activities quickly and efficiently.
Disclaimer: We do not offer iGaming stock trading advice. The information here is an opinion and only here for informational purposes to suit the interest of our readers who play live dealer games with crypto. For the previous version of the report, please see – iGaming Stocks Update Issue 2 2024.
Evolution (EVO) – NASDAQ Stockholm – SEK
Evolution released financial data on February 1st for the 2023 financial year. It states that net profit was up 27% to £913.5m. Their live casinos were a highlight of the revenue growth for the year and was 85% of the total. The glowing report was not well received by all market analysts, as one said that their RNG number were almost “embarrassing.” The RNG numbers were only up 2.6% for the year, with a 4th quarter drop of 3.7%. The analyst stated that their acquisition of NetEnt was overpriced, badly run and did not provide new benefits for the overall performance of the company. EVO’s share price is up 14% since October, after hitting a yearly low of 935 SEK. The stock is currently trading at 1,272.20 SEK and is up 7.6% since the last report. The full Evolution 2023 financial report is here.
- Current: 1,272.20 SEK
- 22 January 2024: 1,192 SEK
- 15-Day Gain/Loss: +80.20 SEK (+6.73%)
- 2024 Market Open: 1,217.40 SEK
- Yearly Gain/Loss (2024 Market Open): +54.80 SEK
- Yearly (%) Movement: +4.50%
Entain PLC (ENT) – London Stock Exchange (LSE) – GBX [British Pence]
The shake up of the top executives continues as Entain’s Peter Marcus, Operations Director, has announced he will be leaving at the end of June. This is just after the resignation of their CEO several weeks ago. Insiders have said that a combination of inexperience, low levels of competency and large egos were hampering their corporate strategies. Another source said that the centralized services department had too much power and some of the acquisitions were poorly integrated. Regardless of the internal turmoil, Entain share price has dropped 36% since last year, but is up almost 3% since the last report. The stock is currently trading at 995.14 GBX with strong resistance at 1,089 GBX.
- Current: 995.14 GBX
- 22 January 2024: 920.00 GBX
- 15-Day Gain/Loss: +75.14 GBX (+8.13%)
- 2024 Market Open: 985.40 GBX
- Yearly Gain/Loss (2024 Market Open): +9.74 GBX
- Yearly (%) Movement: +0.99%
Playtech (PTEC.L) – London Stock Exchange (LSE) – GBX [British Pence]
The Playtech software provider’s share price has struggled in the last calendar year but has made incremental gains since last October. The company has continued its expansion in regulated markets with solid partnerships. The most recent alliance is with 10bet in Sweden which will benefit from PTEC’s sportsbook (real time news, stats and analysis). PTEC has also launched another partnership to bring a new live casino game FashionTV Mega Party to its customers. The experience will feature a live game show that has a fortune wheel (3 one of a kind mini games), DJ’s, a laser show and dance floor. Playtech is up 5.3% since the last report and is currently trading at 455.10 GBX.
- Current: 455.10 GBX
- 22 January 2024: 425 GBX
- 15-Day Gain/Loss: +30.10 GBX (+7.08%)
- 2024 Market Open: 445.40 GBX
- Yearly Gain/Loss (2024 Market Open): +9.70 GBX
- Yearly (%) Movement: +2.18%
Light & Wonder (LNW) – NASDAQ NYC – USD
Light & Wonder is starting to recover its losses after the stock price tumbled in December. The ICE starts on February 6th and LNW is hoping that showcasing their new products at the event will translate into more revenue for 2024. They will promote their new slots – Year of the Dragon, Squid Game, Dragon Train and GM Atlas (table game). They will present their technologically advanced gaming machine Cosmic, which will be an immersive experience through fiber optic lighting and advanced animation. The company is up 22.6% for the full calendar year and is up 4% since the last report. LNW shares are currently trading at 81.16 USD and has strong resistance at 83.74 USD.
- Current: 81.16 USD
- 22 January 2024: 81.89 USD
- 15-Day Gain/Loss: -0.73 USD (-0.89%)
- 2024 Market Open: 81.56 USD
- Yearly Gain/Loss (2024 Market Open): -0.40 USD
- Yearly (%) Movement: -0.49%
888 Holdings (888.L) – London Stock Exchange (LSE) – GBX [British Pence]
The share price of 888 Holdings popped in the last couple of days as insiders have said that the company may be in buyout talks. After posting the company would have a weak profit forecast for 2024 last month, the stock dropped 5% on the news. The stock has enjoyed a 9% increase in the last week and is in a bullish trend. The stock is currently trading at 85 GBX with strong resistance at 88.85 GBX and weak resistance at the 77.60 GBX level.
- Current: 85.00 GBX
- 22 January 2024: 81.20 GBX
- 15-Day Gain/Loss: +3.80 GBX (+4.68%)
- 2024 Market Open: 91.00 GBX
- Yearly Gain/Loss (2024 Market Open): -6.00 GBX
- Yearly (%) Movement: -6.59%
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