iGaming share price movement since 2024 market open – EVO (+8.03%), ENT:L (-24.19%), PTEC:L (+3.10%), LNW (+24.25%) and 888:L (-5.88%). (Image by Pabitra Kaity at Pixabay.com)
Hey readers, we’re seeing interesting growth in Europe’s gambling scene. Germany and Switzerland in particular. Theses are two regions of our Livecasinocentral German-language site. Poland is the other horse in the race.
Germany
Revenues are dominated by Germany. Germans will likely be spending £4-5 billion a year on online gambling by the late 2020s, says Ross. The recent sea change came with the decision, in late 2012, to legalise internet casinos across the entire Federal Republic. The market is open to anybody, not just sports betting. Germans can now legally play online poker and slots.
Switzerland
Regulated online casinos were recently added to Switzerland’s gaming stock Another recent example comes from Switzerland, which in April 2019 revised its gambling laws. The new rules, taking effect in 2019, opened the country to regulated online casinos. Their previous situation was far from ideal because unlicensed foreign websites operated with the intention of attracting Swiss players to their sites, and this came with its own set of problems. Now, the Swiss state is directing Swiss gamblers to play at properly licensed site; the sites will also abide by these new laws.
Poland
And keep an eye on Poland! The legal gross gambling revenue of the Polish online gambling market (considering that the population and the gross domestic product of the country are much lower than in the UK) could increase more than sixfold over the next few years from present levels of about £1.7 billion. There are no restrictions in the way the number of licenses issued by the Polish regulator to operators. Each licence is valid for 6 years and it costs around £85k to companies – not bad at all!
We’ll see how things will evolve in a few years and to what extent companies will adapt to the new rules. Exciting things will happen there for sure!
Disclaimer: Please do not use the information on this page as investment advice This is only my opinions and reporting of the latest iGaming stock prices. Every trader has his or her style to navigate the markets and you must do your own research before investing. For a look back at the iGaming share prices in our previous report, and bi-weekly reports beyond this, the iGaming Stocks Update Issue 4 2024 makes for an interesting read.
Evolution (EVO.ST) – NASDAQ Stockholm – SEK
Evolution met analysts full year 2023 expectations last month and as a result the share price has risen marginally. While most of the sectors were in the double digits, the key sector profit margin only grew by 2%. Several court cases could be part of the slump in share price as several law firms have filed suits against the company for alleged securities fraud. EVO is currently trading at 1,315.20 SEK and has been pushing lower since last week.
- Current: 1,315.20 SEK
- 21 February 2024: 1,311.60 SEK
- 18-Day Gain/Loss: +3.60 SEK (+0.27%)
- 2024 Market Open: 1,217.40 SEK
- Yearly Gain/Loss (2024 Market Open): +97.80 SEK
- Yearly (%) Movement: +8.03%
Entain PLC (ENT.L) – London Stock Exchange (LSE) – GBX [British Pence]
Anticipation mounts with investors as Entain will present their full year 2023 financial report in a couple of days. Significant regulatory effects and changing market conditions have accompanied Entain’s financial difficulties in 2023. But, analysts believe that strong growth from their partner BetMGM will offer more than a glimmer of hope. The stock has pushed down the last few days but this could be bearish sentiment before the release of the financial data which is expected to be positive. The share price is currently trading at 747 GBX with strong resistance at 855 GBX.
- Current: 747.00 GBX
- 21 February: 934.00 GBX
- 18-Day Gain/Loss: -187.00 GBX (-20.02%)
- 2024 Market Open: 985.40 GBX
- Yearly Gain/Loss (2024 Market Open): -238.40 GBX
- Yearly (%) Movement: -24.19%
Playtech (PTEC.L) – London Stock Exchange (LSE) – GBX [British Pence]
The troubled Playtech started regaining some of its losses from the last 6 months, but the share price has dropped again from the middle of February. Since the last report, the stock has fallen almost 4% despite its continued expansion into regulated markets. Through a rigorous tendering process, the most recent strategic partnership is with Veikkaus (government gambling monopoly) in Finland. The six-year deal will include live casino games, retail VLT and online poker. PTEC is currently trading at 459.20 GBX and has weak support at 443 GBX.
- Current: 459.20 GBX
- 21 February 2024: 470.00 GBX
- 18-Day Gain/Loss: -10.80 GBX (-2.30%)
- 2024 Market Open: 445.40 GBX
- Yearly Gain/Loss (2024 Market Open): +13.80 GBX
- Yearly (%) Movement: +3.10%
Light & Wonder (LNW) – NASDAQ NYC – USD
Light & Wonder (LNW) Light & Wonder beat analysts’ expectations last week, with revenues rising again for the last nine straight quarters. The company continues to break all-time highs month after month and did so again after posting its 2023 full-year results when the share price hit USD 103.02. The stock has pulled back somewhat and was trading at USD 101.34 on Friday’s market close.
- Current: 101.34 USD
- 21 February 2024: 89.71 USD
- 18-Day Gain/Loss: +11.63 USD (+12.97%)
- 2024 Market Open: 81.56 USD
- Yearly Gain/Loss (2024 Market Open): +19.78 USD
- Yearly (%) Movement: +24.25%
888 Holdings (888.L) – London Stock Exchange (LSE) – GBX [British Pence]
888 Holdings will release its financial records for 2023 in a couple of weeks. The company’s share price is expected to continue to fall as last December, they stated that revenue would decrease in the low single digits for 2024. Since the last report, the stock value has dropped almost 14%, and by the time the LSE closed on Friday afternoon, 888 had been trading at 85.65 GBX.
- Current: 85.65 GBX
- 21 February 2024: 94.84 GBX
- 18-Day Gain/Loss: -9.19 GBX (-9.69%)
- 2024 Market Open: 91.00 GBX
- Yearly Gain/Loss (2024 Market Open): -5.35 GBX
- Yearly (%) Movement: -5.88%
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