iGaming Stocks (WK52) 2022 – iGaming Company Stocks Performance!

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)

Welcome back. And here we are with the last report of the year – iGaming Stocks (WK52) 2022.

Just a few days to go until 2023 and the iGaming stocks continue to struggle due to a variety of external and internal factors.

Externally, the fallout from FTX continues to hit crypto and stock markets, there are surging global inflation rates and the war in the Ukraine still lingers. It is fair to say that the gambling industry has not got away unscathed.

There are some positives though. Several companies have weathered the unforeseeable turmoil in the market and are applying sound business fundamentals that many feel will bring better results in 2023.

This week we will review Entain, Playtech, 888 Holdings, Evolution and Light and Wonder and try to determine what is in store for them as we enter a new year.

If you would like to rewind through previous reports to see the ups and downs of stocks for online gambling companies covered in this report, the the best place to start is our  iGaming Stocks (WK48) report here. From this report you can track back week-by-week. Happy hunting!

Disclaimer: The iGaming Stocks (WK52) 2022 is not an analysis for those looking to invest in stocks and shares. This is a report purely for informational purposes as it is relevant to the content provided here on the Livecasinocentral website.

Evolution (EVO) – NASDAQ Stockholm – SEK

Evolution continues to hold up against its peers and has seen marginal losses in the last 2 weeks. As it continues a horizontal movement into the new year, investors remain positive on this stock because of new partnerships around the world and the launch of innovative games. EVO is currently trading at 1,007.20 SEK and appears to be moving into positive territory.

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

Although this stock has struggled in the last couple of weeks, losing 7% of its stock price, it has held up admirably over the course of the year, only down 22%. Entain has continued to innovate, establish new markets and sign new partnerships that have been welcomed by the gambling masses. ENT has refinanced one of its ailing UK businesses, capitalized on the World Cup from its sports betting operations and MGM is looking to acquire Entain in whole or in part because of its growing retail division and increased market share. The stock price closed at 1,313.50 GBX and it would appear that it will move in a positive direction in 2023.

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

PTEC is down 31% since the beginning of the year and continues to slowly spiral downward. The company has changed the CFO in recent months and signed new partnerships with casino games supporting crypto currency payments but this has not changed the fortunes of this stock. Playtech has lost 3% over the last two weeks and closed at 503.25 GBX at the time of publishing this data.

Light & Wonder (LNW) – NASDAQ NYC – USD

This stock has done extremely well this year and has survived several market adversities, only down 11.5% since last January. Although it has suffered a 9% drop in the last couple of weeks, it continues to shine and bounced up almost 2%. Market analysts remain positive on this stock and believe this iGaming stock will push up in the new year. LNW has paid off $4 billion of debt (down from $8.8 billion) and now has robust cash flow/liquidity. It was trading in positive territory and closed at $59.29 USD, very close to its open of $67 USD at the beginning of 2022.

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

The owning company of 888Casino live, William Hill and Mr Green is still on a downwards spiral. Market analysts remain mixed on this stock. This UK based company has struggled in 2022 and it doesn’t look like it will move in a positive direction anytime soon. It has faced many roadblocks this year and is continuing to monitor, access and react to a constant barrage of difficulties, internally and externally. Having lost almost 72% of its share value since the start of the year, 888 does not look like it will recover in the short term. The stock closed at 86.30 GBX, after a brief bounce, but looks poised to continue its downward spiral. 888 will need to make drastic adjustments to their strategy to regain the trust of investors in 2023.

iGaming Financial Headlines: Stay tuned for more financial news coming out of the iGaming online gambling vertical. As we enter 2023, companies like 888 Holdings, Evolution, Playtech, Entain and Light & Wonder will soon publish their 2023 H1 and H2 figures.