Gaming Companies Celebrate Growth in Share Prices During the First Quarter of 2017

In iGaming by on June 6, 2017

Shareholders for several companies in the iGaming sector have reported a good start to the year 2017. Fiscal figures for the first quarter of 2017 that were released recently show that the combined share prices for 35 gaming companies went up. They saw a growth of 3.60 per cent between the 3rd of January 2017 and the 31st of March 2017. A total of 23 companies in that list saw double digit growth in that period.

Scientific Games Corp.

Scientific Games Corp. is an American gambling provider that specialises in products such as instant lottery games, lottery gaming systems, terminals and services, internet applications, server- based interactive gambling terminals, and gambling control systems.

The Nevada based company has been on a roll this year. Their growth is clearly reflected in their share prices, which soared by around 150 per cent in the past year. However, the company has made quite a few sizable acquisitions in recent years and have also acquired a mountain of debt. Revenue is said to be improving for the gaming powerhouse. Their interactive business is also evolving into a genuine industry leader. Scientific Games’ success was further highlighted by its stellar performance in the final quarter of last year. This was the time when their free- to- play gaming initiatives drove social Business to Customer (B2C) gaming revenue up by 52 per cent.

Shareholders are equally pleased with their performance as shares in the company rose by 65.96 per cent during the first three months of 2017. Share prices were reported at USD $14.25 on the 3rd of January 2017, which rose to USD $23.95 on the 31st of March 2017.

With these numbers the company hit yet another 52- week high in share prices. The gaming and lottery giant now has a market capitalisation of more than USD $2 billion.

Scientific Games was not the only company in the list that saw their shares hit a 52- week high at the end of March 2017. Another 14 companies celebrated the same success.

Gaming Innovation Group (GIG)

Gaming Innovation Group (GIG), which is a prominent Norwegian technology business, also hit a 52- week high with their share prices at the end of March 2017. The rapidly growing business offers cloud based services and performance marketing through its three Business to Business (B2B) products. It also owns seven Business to Consumer (B2C) gambling products.

Share prices for GIG at the start of the first quarter were reported at NOK 3.10 and at NOK 4.89 at the end. While this reflected a 57.74 per cent growth, the highest prices for GIG shares reported in March 2017, however, was NOK 5.57.

Inspired Entertainment Inc.

Inspired Entertainment Inc. also celebrated a 52- week high on their share prices in March of 2017. Inspired Gaming Entertainment Inc. is a global games technology company that specialises in supplying virtual sports, mobile gaming and server based gaming systems to both land based and online regulated betting and gaming operators around the world.

Share prices for the company were reported at USD $7.75 at the start of the 2017 quarter, while they finished with share prices at USD $10.60. While that was reflected a 36.77 per cent increase, Inspired Entertainment also saw share prices soar to a high of USD $11.35 in the month of March 2017.

Bet- At- Home .Com AG 

Bet- at- home .com  AG is a leading European online gambling and sports betting company that offer a range of products including sportsbook, casino, live- casino, virtual games and poker to their customers in 13 different languages.

The company celebrated a 52- week high on share prices at the end of the first financial quarter of 2017. They started the quarter with stare prices at EUR € 80.20 and ended it with share prices at EUR € 104.85. This reflected a 30.74 per cent growth for the quarter, but they also reported the highest figure for share prices in March at EUR €112.40.

Aristocrat Leisure Ltd. 

Aristocrat Leisure Ltd. is the second largest gambling machine manufacturer in the world. The Australian company that is based in Sydney is now licensed to distribute slot machines and other gaming products in over 200 jurisdictions.

They reported a 15.94 per cent increase in share prices over the course of the first quarter of 2017. Share prices were reported at AUD $15.50 at the start of the quarter and AUD $17.97 at the end. The company saw share prices rise to a high of AUD $18.10 in the month of March 2017 as well. Aristocrat Leisure Ltd. was one of the 14 companies to have celebrated a 52- week high on their share prices in the month of March 2017.

The global gaming industry has been following Sweden’s plans to re- regulate gambling in the country for a while now. Publication of Sweden’s long- awaited report regarding the matter was a major talking point during this quarter. The news had a positive impact on a share prices for a number of companies.

Kindred Group Plc.

Kindred Group Plc. is a Malta based product developer that is owned by a Nordic OMX listed public company. They offer products such as online casino, online poker, online bingo, sports betting, soft games, scratch cards and live betting.

Share prices for the company were up in the run up to the announcement. The prices for Kindred shares at the start of Q1 2017 were reported at SEK 85.60 and at SEK 92.90 at the end. This reflected an 8.53 per cent growth over the three month period.

Several other Stockholm- listed operators also saw their share prices grow in that time.

LeoVegas AB

LeoVegas Gaming Ltd. is a mobile gaming company that specialises in online casino and sports betting services. They offer products such as table games, video slots, progressive jackpots, video poker and live betting options to their customers.

LeoVegas also saw share prices increase by 7.95 per cent over the course of the first quarter of 2017. Share prices for the company were reported at SEK 36.50 on the 3rd of January 2017 and SEK 39.40 on the 31st of March 2017.

Cherry AB

Cherry AB is a gaming company that is focused on four main business areas. These include online gaming through Cherry iGaming, gaming technology through XCaliber, performance- based marketing through Game Lounge, and game development, through a B2B partner. Cherry Spelglädje is also the market leader on the Sweden for providing restaurant casinos.

Cherry AB saw a 30.22 per cent growth in share prices over the course of the first quarter of this year. On the 3rd of January 2017, share prices for the company were reported at SEK 246.50, while share prices on the 31st of March 2017 were reported at SEK 321.00.

Mr Green & Co. AB

Mr Green & Co. AB is the parent company for Mr Green Ltd., which offers online casino and sportsbook services for their customers. While the parent company is based in and listed in Stockholm, Sweden, the online gambling brand is based in and licenced by the authorities in Malta.

The company reported a 27.80 per cent increase in their share prices over the course of the quarter. Share prices were listed at SEK 31.30 at the start of the first fiscal quarter of 2017, while they were listed at SEK 40.00 on the 31st of March 2017. The company also reached a 52- week high on share prices during this time. The highest observed share prices for the company during the quarter were reported at SEK 40.90.

 

888 Holdings Plc.

888 Holdings Plc is a London, UK listed company that operates several high- profile gambling websites. The company offers online casino, poker, bingo and sportsbook services for their customers. The company reported a 22.62 per cent increase in share prices in the first quarter of 2017. Share prices were listed at GBP 217.75 p on the 3rd of January 2017 and GBP 267.00 p on the 31st of March 2017. The company hit a 52- week high of GBP 272.88 p a share over the course of the quarter too.

Fortuna Entertainment Group

Fortuna Entertainment Group is a sport betting company that is headquartered in the Netherlands but has subsidiaries in Czech Republic, Slovakia and Poland. It is listed in the Prague Stock Exchange and also the Warsaw Stock Exchange.

Fortuna Entertainment Group has significantly expanded its operations in Eastern Europe over the years. They recently purchased the Hattrick Sports Group for a sum of EUR € 85 million. They also paid another EUR € 47 million for four more operators, including Bet Active and Bet Zone. However, the majority shareholder for the company, Fortbet Holdings Plc. has confirmed that they plan to acquire full ownership of the operator and de- list the company’s shares from both the Prague and Warsaw stock exchanges soon.

In the Prague Stock Exchange, the company closed their busy quarter with share prices at a high of CZK 108.20. This reflected a 26.11 per cent growth figure over the course of the three months. Share prices were listed at CZK 85.80 at the start of the quarter, and it reached a new high of CZK 110.00 in this time too.

The number of London listed companies seems to be on the decline. There were just 17 London- listed companies on the chart this quarter. This was partly due to the de- listing of certain UK operators, such as NetPlay TV and 32Red. Both of these have been bought over by foreign companies.

NetPlay TV was listed on the London Stock Exchange in 2001. The company was acquired by Betsson AB for a sum of GBP £26.4 million. At the same time, 32Red, which had been listed on London’s Alternative Investment Market since 2005, was snapped up by Kindred Group Plc. for GBP £176 million.

Nektan Plc.

Nektan Plc. is an international B2B mobile gaming content developer and platform provider. They offer full end- to- end technology that simplifies and supports the entire route to mobile and desktop gaming revenues, managing the full customer experience and back- office operations.

Nektan was one of the biggest risers in the first quarter of 2017. This was despite them hitting a 52- week low of GBP 13.50 p on the 15th of March 2017. The shares in the company saw a 64.81 per cent rise in the space of the three months. The share prices listed at the start of the quarter, on the 3rd of January 2017, were GBP 27.00 p, while those on the last day of the quarter were GBP 44.50 p.

Over the span of the three months the company has also made significant progress as it transitions from a white label operator to a B2B gaming provider. The formal launch of Nektan’s new B2B business saw the company sign new agreements with two new iGaming partners, Spin Games and High 5 Games.

Mybet Holding SE

Mybet Holding SE is the parent company of the Mybet Group, which is licensed in several European countries. They offer sports betting and online casino gaming products over their internet as well as through their land- based betting shops. Mybet Holding SE is listed on the Frankfurt Stock Exchange in the Prime Standard.

 

The company has seen a 57.50 per cent increase in share prices over the first quarter of 2017. The share prices which were listed at EUR € 0.40 on the 3rd of January 2017 finished on the 31st of March 2017 at EUR € 0.63. This increase in share prices could in part be attributed to the operator’s long- awaited platform re- launch with Amelco Plc.

Evolution Gaming Group AB

Evolution Gaming Group AB is a gambling software specialist that focuses on the live dealer services. The company, which was founded in 2006, saw great success in its first year and had started expanding into other markets within a couple of years.

The company saw a notable improvement in their share prices over the first quarter of 2017. At the start of the quarter, share prices for the company were listed at SEK 258.50, whereas they closed the quarter with share prices of SEK 327.00. This reflected a 26.50 per cent growth over the space of the three months.

Lotto24 AG

Lotto24 is a provider of state licensed lotteries based in Hamburg, Germany. They broker customer tickets to state- owned lottery companies and have traded on the Frankfurt Stock Exchange since 2012.

Share prices for Lotto24 saw a 26.26 per cent increase over the course of the first quarter of 2017. Share prices were listed at the start of the quarter at EUR € 7.35 and EUR € 9.28 at the end.

 

Catena Media Plc.

Catena Media Plc. is a performance marketing company based in Malta. The company was founded in 2012 and is listed on the Stockholm Stock Exchange.

They too saw a 21.39 per cent growth in share prices over the course of the first quarter of 2017. Share prices opened on the 3rd of January 2017 at SEK 86.50 and closed on the last day of the quarter at SEK 105.00.

Sportech Plc.

Sportech Plc. is an online gambling and entertainment company. It is headquartered in London, UK and listed on the London Stock Exchange.

Share prices for Sportech Plc. were listed at GBP 88.5 p at the start of the first quarter of this year; and it was listed as GBP 101.38 p at the end. This reflected a 14.55 per cent growth over the course of the three months.

Playtech Plc.

Playtech Plc. is an online gaming software giant that was founded in 1999. They launched their first casino product in 2001. Playtech Plc. has cemented its reputation as a developer, designer and licensor of web and mobile software to the gaming industry over the years.

Share prices for Playtech also rose 12.03 per cent over the course of the first quarter of 2017. On the 3rd of January 2017, share prices for the company were listed at GBP 831.00 p, and on the 31st of March 2017, share prices were listed at GBP 931.00 p. The share prices for the company also hit a 52- week high during the course of the quarter.

XLMedia Plc.

XLMedia Plc. is a provider of digital marketing services that uses proprietary tools and methodologies to generate high value traffic for their customers.

The London listed company saw share prices go up by 12.83 per cent over the course of Q1 2017. Share prices for XLMedia were listed at GBP 93.50 p at the start of the quarter and at GBP 105.50 p at the end. The company also hit a 52- week high on share prices during the month of March 2017.

Amaya Inc.

Amaya Inc. is one of the largest online gambling companies in the world. The Canadian gaming company currently owns the parents company for Pokerstars, the largest online poker room in the world. The company trades on the Toronto Stock Exchange.

Amaya saw share prices go up by 17.31 per cent over the course of the three months of the Q1 2017. Share prices for the company were listed at CAD $19.24 at the start of the quarter and at CAD 22.57 at the end. This increase can partly be attributed to the company’s founder and former chief executive, David Baazov, reducing his stake in the business to less than 4 per cent. The company reported record revenues in 2016. This has mostly been buoyed by a growing contribution from its online sportsbook and casino.

GVC Holdings Plc.

GVC Holding Plc. is a gaming and online gambling operator that specialises in both the B2B and B2C markets. The company is expected to grow significantly his year. The London listed company has integrated the online operator, bwin.party, following a transformational 2016.

Shareholders are reaping the benefits of these changes. The company saw their share prices go up by 15.33 per cent over the course of the first quarter of 2017. Share prices at the start of the three months were listed at GBP 636.00 p and GBP 733.50 p at the end.

Safecharge International Group Ltd.

SafeCharge International Group Ltd. is a UK based company, which is engaged in the provision of payments services, technologies and risk management solutions for online and mobile businesses.

Their share prices saw a large hike over the course of the first quarter of 2017. Share prices for the company were listed at GBP 206.00 p at the start of the quarter and GBP 258.50 p at the end. This reflected a 25.49 per cent increase.

Paysafe Group Plc.

Paysafe Group Plc is another UK based digital payments and transaction-related solutions provider. Share prices for the company saw a 25.19 per cent growth over the three months of the first quarter of 2017. The share prices were listed at GBP 373.50 p at the start of the quarter and GBP 467.60 p on the very last day.

 

Intralot Integrated Lottery Systems & Services SA

Intralot Integrated Lottery Systems & Services SA is a Greece based company that is engaged in the design, development, production, trading and operation of integrated systems, operational services and marketing services.

The company saw share prices go up over the course of the first quarter of 2017. Share prices for Instalot on the 3rd of January 2017 were listed at EUR € 1.03, while they had gone up to EUR € 1.22 on the 31st of March 2017. This reflected an 18.45 per cent growth over the duration of the quarter.

Ladbrokes Coral Group Plc.

Ladbrokes Coral Group Plc. was formed last year via the consolidation of two of the largest gambling companies in the UK, Gala Coral Group Plc. and Ladbrokes Plc. They provide gambling services both online and via their high street betting shops.

Ladbrokes Coral Group saw share prices increase by 10.14 per cent over the course of the first quarter of 2017. At the start of the quarter, share prices were listed at GBP 117.30 p while they were listed at GBP 129.20 p at the end of the three months.

Zynga Inc.

Zynga Inc. is a social games provider. The Company develops, markets, and operates social games as live services for mobile platforms and social networking sites.

Zynga also saw share prices go up over the course of the first quarter of 2017. The share prices were listed at USD $2.60 at the start of the quarter and at USD $2.85 at the end. This reflected a 9.62 per cent increase over the course of the three months.

Snaitech SpA.

Snaitech SpA is primarily a betting company that is based in Italy. The Company is divided into four sectors – Betting Services, Management of Racetracks, Concessions and Television Services.

Share prices for Snaitech went up by 7.58 per cent over the course of the first three months of this quarter. The share prices listed for the company at the start of Q1 2017 was EUR € 1.32 and EUR € 1.42 at the end.

The Rank Group Plc.

The Rank Group Plc. operates gaming services in European countries including Great Britain, Spain and Belgium. The Company’s segments include Grosvenor Casinos, Mecca and Enracha. They boast a portfolio of over 150 gaming venues across these three countries.

Rank Group Plc. started the year with share prices at GBP 194.40 p and ended the first quarter of 2017 with share prices at GBP 208.70 p. This showed an increase of 7.36 per cent over the three month period.

Nordic Leisure AB

Nordic Leisure AB is a Swedish gambling company that owns and operates several sports betting brands and online casinos. The company is listed in the Stockholm Stock Exchange.

Nordic Leisure experienced a 7.29 per cent growth in share prices during the first quarter of 2017. Share prices at the start of the quarter were listed at SEK 4.80 and SEK 5.15 at the end.

AGTech Holdings Ltd.

AGTech Holdings Ltd. is a Hong Kong based investment holding company that mainly provides lottery related services in China’s sports lottery market. The company is responsible for the development and supply of lottery games. This includes related software and supporting systems; as well as the development and sales of lottery hardware. AGTech also looks after the sales and distribution of lottery games and the provision of ancillary services for the market. The company is listed on the Honk Kong Stock Exchange.

They saw a 5.76 per cent growth in share prices over the three months of the first quarter of this year. Share prices were listed at HKD $ 1.39 at the start of the quarter and HKD $1.47 at the end.

Webis Holdings Plc.

Webis Holdings Plc. is a holding company with subsidiaries that operate in the gaming and technology sectors. The company is listed on the Alternative Investment Market in London, UK. They operate from a number of global offices based in Europe and USA.

Webis Holdings saw their share prices go up in the first quarter of 2017. The share prices on the 3rd of January 2017 were listed at GBP 1.28 p and GBP 1.35 p on the 31st of March 2017. This reflected a 5.47 per cent increase.

Churchill Downs Inc.

Churchill Downs Inc. is the parent company of Churchill Downs that has evolved from one racetrack in Louisville, Kentucky to a multi US- state, publicly traded company with racetracks and casinos all over the country.

Share prices for the company saw a 4.89 per cent increase over the first quarter of the year. Share prices were listed at USD $151.45 at the start of the quarter and at USD $158.85 at the end.

OPAP SA

OPAP SA is a gambling company based in Europe. The company owns and operates OPAP Sports Ltd., which offers fixed odds betting services across the country. They also own OPAP Cyprus Ltd. and OPAP Services S.A., which was established in Greece. OPAP also owns OPAP International Ltd., which is responsible for coordinating and supporting their existing international investments, and finally, OPAP Investment Ltd. They also own Tora Direct S. A., which became the leader of airtime top up service by introducing dematerialized mobile phone cards selling in the Greek market.

OPAP SA saw a 4.05 per cent growth in share prices over the first quarter of 2017.

NetEnt AB

NetEnt AB is a Swedish company that distributes online casino games and systems to other online operators. The Company’s portfolio comprises eight game categories. This includes classic slots, table games, European roulette, video poker, and other mini games.

Share prices for the company saw an increase over the first quarter of 2017. Share prices were listed at SEK 70.30 on the 3rd of January 2017 and SEK 72.00 on the 31s of March 2017. This reflected an increase of 2.42 per cent.

Despite the overall increase in share prices for these companies, a number of them saw their shares fall in over the course of the three months. This ranged from William Hill Plc. that saw share prices fall by 0.31 percent, to Kambi Group Plc. that saw their share prices drop by a whopping 34.83 per cent over the course of the same three months.