iGaming Stocks (WK2) 2023 – Keeping you up to date with casino company stock prices!

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)

We are back for the first financial review of the year with this iGaming Stocks (WK2) 2023!

The new year has begun and there will be a great deal of opportunity for companies in the iGaming industry to grow in the coming year.

As the industry comes out of the post-Covid pandemic (in fact, I hope we have put that behind us entirely), companies are adapting to the new landscape and are jockeying for position and market share.

Innovation in technology, expansion of markets, responsible gambling adherence, player protection, partnerships and ease of use/payment are the main factors that are driving the industry and will determine the market leaders.

Other factors that will drive the iGaming scene are demand for mobile gaming, esports betting and the possibility of some well timed relaxed government gambling restrictions. Another influence in the iGaming market has been the introduction of cryptocurrency to which we are seeing iGaming awards that cover the creme de la creme of crypto gaming companies. Specifically last year we saw the EGR Operators 2022 Crypto Operator of the year (won by stakes.com) and EGR B2B 2022 Cryptocurrency Services Supplier of year (won by SolutionsHub). And more recently, the IGA 2023 awards will have a Crypto Company of the Year award up for grabs.

The benefits of crypto include global payments, easy deposits/withdrawals, reduced fraud risk, quick transactions and low or no transaction fees. It is anticipated that many companies will jump on the bandwagon and adopt this technology in 2023. This will definitely be the case once the Malta Gaming Authority (MGA) fully implements its cryptocurrency framework expected to live in February.

By the way, if you would like to rewind to the previous financial price watch, check out the last report of 2022 here – iGaming Stocks (WK52) 2022.

Disclaimer: All stocks information on this page is here purely as news content. We are not financial advisors or stock market experts, so please do not use this report to make investment decisions. For investment advice, we recommend finding financial portals that specialise in stock market advice. Also, remember that just because a stock is green, doesn’t mean it will be by the next report!

Evolution (EVO) – NASDAQ Stockholm – SEK

EVO continues to be a strong stock in the iGaming industry. It is only down 1% for the year and it looks to break an 11 month high this week. It is currently trading at 1,132 SEK. It is not far from its yearly high of 1,1841.40 and may break out to new highs. New partnerships/territories and leading-edge slots via its NetEnt, Red Tiger, BTG and NoLimit City endeavours have driven customers to its online gaming platforms which continue to gain optimistic investors.

Entain PLC (ENT) – London Stock Exchange (LSE) – GBP

This market leader in innovation continues to evolve with unusual gaming concepts. The most recent is an over/under market on the horror movie M3GAN. Punters can bet on how many people are killed by the android doll (currently 12.5) and what the IMDB rating will be one week after its release next Friday. Bizarre…!!! ENT is up 11% since the beginning of 2023 and is currently trading at 1,450 GBX. The stock is showing signs of breaking out at 1,460 GBX, which would be a 7-month high.

Playtech (PTEC.L) – London Stock Exchange (LSE) – GBP

Playtech has been on a bit of a tear since the end of 2022. It is up 8% since the end of December and looks to break out to new highs. It has regained 50% of its yearly losses since September and is closed at 551.50 GBX. PTEC is seeing resistance at 562 GBX and could breakout from here. It would appear that their development and operations, based out of tech savvy Estonia, has been a successful strategy as regulations are very relaxed and possesses a skilled workforce. This has enabled the company to grow exponentially over the last 15 years, because of relatively lower European salaries and an excellent tech culture. It has recently partnered with PokerMatch in India, the fastest growing online gaming market, and this deal may increase this company’s bottom line in 2023.

Light & Wonder (LNW) – NASDAQ NYC – USD

After a stellar 3 months, LNW has tapered off and seems to be stuck in the doldrums. Although it is only down 5.7% for the year and up 1% in the last 2 weeks, the stock hasn’t had any substantial movements either way. Market analysts remain positive on LNW because of its Q3 results which stated 20% growth year-over-year, a strong balance sheet and a low debt ratio of 3.1x. It is currently trading at 59.74 USD and is poised to breakout at 65.95 USD, a yearly high last month.

888 Holdings (888.L) – London Stock Exchange (LSE) – GBP

This stock has been on a bit of a run in the last couple of weeks and is up 10%. One of the worst performing stocks in 2022, it has bounced back somewhat but is still down 66% for the year. It is currently trading at 94.00 GBX. Many of the changes the troubled company have made during the year, senior executive appointments, reducing markets they participate in and the restructuring of William Hill, may start bearing fruit in the new year.

Online Gambling Economy: For more news covering iGaming finances, take a look at our financial new category. As and when companies like Evolution, 888 Holdings, Entain and other big brands publish financial figures, we break them down and publish here on livecasinocentral.com.