Tune in to our latest Live Casino iGaming Financial Report (Week 43). We look at five stocks & shares from reputable casino brands. (Image from Jamie Street on unsplash.com)
It has been some time since we’ve looked at the stock markets to check on how some of the top live casino brands are performing. Well, here we are back with a ‘Live Casino iGaming Financial Report (Week 43)’.
Our goal? To gauge how well, or not so well, gambling companies like Evolution (EVO), Entain (Ent), Playtech (PTEC.L), 888 Holdings (888.L), and Light & Wonder (LNW – formerly SMGS) are faring up. Three out of five of the brands in this report are on the London Stock Exchange and are popular UKGC casinos or software providers and are also available at MGA casinos.
Here we go…
As the market moves into November and midway through Q4, the online gaming market is seeing some upward movement in the iGaming stocks. With only 10 weeks left in 2022, there have been some interesting developments in technology and the rollout of new games for some of these tech companies.
Also, some companies have shaken up their executive staff to encourage new investment, develop new scaled strategies, and expedite the transformation of faltering aspects of their companies. With that in mind, we hope the changes poise these firms to make large gains after a dismal or flat quarter. And it would seem that the market is moving in this positive direction. Many investors will hope that this will be the case. However, with recessions looming, we’ll have to wait to see what the world of finance has in store.
Disclaimer: We don’t endorse any of these stocks for investment per se. This Live Casino iGaming Financial Report (Week 43) is purely for informational purposes only. In short, the decision to invest is entirely down to your personal discretion. Furthermore, from the time of writing this report, there will have been stock fluctuations, so the prices you read will have changed.
Evolution (EVO) – NASDAQ Stockholm
The third quarter’s financial results for the year have been released by the Evolution software provider. The B2B online gaming services provider reported total sales of EUR 378.5 million ($379.1 million) for the period ending September 30, up 37.1% over the same quarter the previous year. Additionally, the company reported EBITDA of EUR 261.0 million ($261.4 million), an increase of 35.3%, or a margin of 69%.
In addition, the period’s profit increased to EUR 221.3 million ($221.8 million), from EUR 157.4 million in a similar quarter the previous year, and the earnings per share increased to EUR 1.04, from EUR 0.73 in Q3 2021. As for its stock performance, it has been in steady decline since the beginning of the year, which is a surprise for one of the most successful iGaming companies online today.
- January: 1,286 SEK
- Current: 1.039 SEK
Entain (Ent) – London Stock Exchange (LSE)
Entain stock has risen in the last couple of weeks, overall, with a 3.8% gain and closed at £ 1,263. The stock was up 8.3% in October, so the movement is going in a positive direction. It is still down from the January open and is seeing resistance at £ 1,303. Earnings are expected to grow 147% in the next 2 years which is good news for any potential investors.
- January: £ 1,683
- Current: £ 1,263
Playtech (PTEC.L) – London Stock Exchange (LSE)
Playtech has been pretty flat the last 2 weeks of October but is holding at £ 524 at close yesterday. The company has rolled out some new games, including Buzz Bingo (tied to seamless Wallet) that allow players to enjoy slots, bingo, and other vertical games for online play. This new technology provides flexibility to deposit funds and withdraw winnings in any location and should provide a boost to the stock price. It did initially start the year at £ 731.50, and it is still a way off its 2018 peak of £ 882.20.
- January: £ 524
- Current: £ 731.50
888 Holdings (888.L) – London Stock Exchange (LSE)
888 Holdings, the flagship company behind the 888Casino platform, has had some minor fluctuations since October 18th but has bounced back and is stable at £ 95.85. There has not been a great deal of movement in the last couple of days and is trading 88.8% below the industry estimate as earnings grew over 1668% in the past year. A negative point, shareholders’ holdings have been diluted as the number of outstanding shares increased by 19.9%. Overall, since the beginning of the year, when 888:L opened at £ 301 after closing on the same figure on 31 December 2021, the stock has seen a dramatic decline.
- January: £ 301
- Current: £ 95.85
Light & Wonder (LNW – formerly SMGS)
LNW has been quite stable since the beginning of the year, with positive/negative price fluctuations of 3.2%. In the last couple of weeks, the stock has steadily risen 8.3% and looks to break a six-month high of $ 57.26 in the few trading sessions. The LNW stock opened the year at $ 66.83 and is not far off its year start making it one of the best-performing share holdings reported here today.
- January: $ 66.83
- Current: $ 57.26
Stay tuned for more financial updates: We’ll be back again with more updates on the above-mentioned live casino brands. We look at live casino platforms and aggregators coming from the best live casinos online available in countries like Canada, the Republic of Ireland, the UK, South Africa, New Zealand, and more!
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