iGaming Stocks (WK48) – Share Prices for iGaming Companies Listed on the Stock Market

A review of the top stocks & shares price watch for iGaming companies listed on the world’s major stock markets – Evolution, Playtech & more! (Photo by Mediamodifier on Pixabay)

As the year comes to a close, many of the iGaming companies’ stocks continue to falter due to internal and external factors.

The bigger market cap companies have struggled with share price because of regulatory issues, inflation, staff compensation, bad market strategies, failed acquisitions…

But it’s not all bad news. Several of the iGaming stocks have turned things around and are seeing exceptional gains and momentum on their way to new highs.

This week we look at Evolution, Light and Wonder, Playtech, Entain and 888 Holdings and try to shed some light on their movement in their respective stock markets. Markets covered include the NASDAQ and London Stock Exchange.

If you would like to look back at last week’s prices, feel free to visit the iGaming Stocks (WK47) report here.

Disclaimer: This report is available for informational purposes only. The Livecasinocentral team does not suggest that you buy or sell any stocks, nor do we favour or have any bias towards the stocks reported below. We also do not make any money by offering you this information, and we have no affiliation with the stock markets mentioned.

Evolution (EVO) – NASDAQ Stockholm – SEK

This stock has done very well in the last year with only a decrease of 16% and is up 17% in the last 6 months. It has remained very stable with no extreme movements and continues to move in a positive direction in incremental movements. The company now has yet another studio in the US state of New Jersey which with hot demand for live dealer games in this market, the investment will start to paying off, especially with the upcoming holidays when casino gaming is expected to be at its peak for the 2022.  EVO is currently at 1,073.80 SEK and will be a stock to watch as the year comes to an end. In the Week 47 report the gains from 16 November to 5 December were +32 SEK, and in this report, the stock gained +21.20 SEK giving it a 30 day increase of 53.20 SEK.

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

Entain has been in an upward trend since the end of September and has gained 30% and is currently at 1,413 GBX. Although the stock is still down 17% since the beginning of the year, it would seem that some of the recent acquisitions and being awarded 5 gambling licenses last month in Germany, has definitely boosted the stock price. ENT is in an upward movement. This week also saw the firm release its ‘Refinancing of the €1,125m Term Loan B due March 2024’ report, while the SuperSport acquisitions is 100% complete… Since 5 December, the stock gained +44 for this week’s report, and 2 weeks prior to this there was a +43 gain, giving Entain shareholder a +87 GBX 30 day gain since 16 November… let’s see if this trend continues.

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

Playtech has been the target for a takeover in the last year as several players in the market have expressed interest in the company. Market analysts believe that the existing price of 521.50 GBX should be around 800 GBX. The senior PTEC management are not in a hurry to sell but the offer would have to be around 750 GBX to get the approval of shareholders. The stock is down 5% in the last 2 weeks, but analysts are confident that the stock will continue to rise because of their positive quarterly results a couple of months ago. Over the past 30 days Playtech stock value has declined 30.50 GBX moving it further away from its yearly high. However, the company now has more market pull over in Canada thanks to the appointment of Head of Regulatory Affairs (Charmaine Hogan) onto the board of directors of the Canadian Gaming Association (CGA).

Light & Wonder (LNW) – NASDAQ NYC – USD

LNW is the gem of the stocks that are covered here. It has bucked the downward trend that is plaguing most of its peers. LNW is only down 4% in the last year and has continued an upward push and is currently at 64.26 USD… almost back to its January 2022 price of 67.03 USD. It would appear that their regular introduction of innovative games and exceptional management team has had a positive effect on the stock price and this trend is expected to continue. Over the past 30 days, LNW has increased $ 0.21, so very marginal gains, while the stock far of its yearly high, which is positive.

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

This troubled stock continues its downward spiral and has lost almost 70% of its January price of 304.80 GBX… currently at 92.65 GBX. Although it has bounced somewhat today, it has a long road ahead to get to the highs that it enjoyed at the beginning of the year. It would seem that investor confidence has waned since UK regulators tightened online player safety measures and the termination of operations in Holland. Overall, the gains from last week’s report have been wiped out with this week’s drop in value giving the stock a 30 day performance decline of -9.12 GBX.

Casino finance news: Keep tuning in for stock reports every week, crypto reports and information covering quarterly and yearly financial reports. Plus, we also report on the performance of iGaming markets from across the globe.