A Game of Chance: The Stockmarket 2022

The stock market is a game of chance where people invest in the hope that the company will grow, and they will make money out of it.

02:52 22 August 2022

The stock market is a game of chance where people invest in the hope that the company will grow, and they will make money out of it. While some call it a game of luck, others like to believe it's a combination of research and patience. Sometimes a company with so much potential ends up losing everything, and businesses with no potential come on top from nowhere. Due to COVID-19, the stock market has drastically changed. The stock market experienced very unusual hikes and downfalls. Take a look at the stocks in the iGaming industry that are on a significant rise. 

 

iGaming stock market 

The rise of iGaming stocks started when Covid came into play. As more people and businesses shifted towards work from home policy, people started spending more time on the iGaming industry. The stock market also experienced a change in the currency where people moved towards digital currency. Individuals shifted towards accepting and using cryptocurrency and blockchain in terms of their services. This makes the payments quick, convenient, and accessible for people to manage from their homes.

 

The rise in the iGaming stock market

As per The American Gaming Association, the revenue generated only in April 2021 through iGaming was 26% higher than the revenue of 2019. Now, as the world is back to normal, the industry has already made too many customers that it is still gaining rapid growth. 

 

Following, are some of the iGaming companies that recently have shown some significant differences in the foreign casino stocks.

 

Cherry AB 

Cherry AB is entirely a gaming business. This company deals with all kinds of gaming technology, online gaming, casino services, game development, and online gaming. Cherry Ab started in 1981 and currently has around 1500 employees. Here are the following details regarding the stock market of Cherry AB:

List - Large Cap 

Market Cap - 3.676B SEK 

1 Year Return - 148.36%

 

Gaming Innovation Group First North Inc. 

Gaming Innovation Group is a platform that offers iGaming software services to its customers and has a good reputation in supply chain value. They work on providing the sportsbook and iGaming cloud. The company deals with businesses directly and has been working with some well-known companies. 

List - First North 

Market Cap - 2.546B NOK 

1 Year Return - 44.44% 

 

Scientific Games Corp. 

Since 1973, Scientific Games Corp. has been working and providing the service of innovative games by using the latest technology. Every now and then, they come up with new games and are treated as the trendsetter in the industry. They have multiple affiliated sites that offer gambling services to the players. The company is located in the USA but offers its services worldwide. 

List - NASDAQ GS

Market Cap - 1.353B USD

1 Year Return - 158.71%

 

Bet at home

It is a European Gambling website that has been functional since 1999. It mostly focuses on sports betting, live casinos, and virtual games. The company showed a massive increase in the industry. Most of the sites listed under the iGaming stock market increase are B2B companies but Bet at Home is a B2C company. 

List - XETRA

Market Cap - 594.916M EUR

1 Year Return - 99.07%

 

GVC Holdings PLC 

GVC Holdings is listed in the London Stock Exchange market. It also comes as a constituent of the FTSE 100 Index. The company is located in Douglas and currently having a continuous rise in the price of the stock. 

List - LSE Main

Market Cap - 1.831B GBP 

1 Year Return - 37.81%

 

 

Why are casino stocks on the rise?

The online casino industry experienced significant growth in the last decade. During Covid-19, more players gained knowledge about it. These casinos are addictive with such an experience that most gamblers prefer never to go back to physical casinos. Las Vegas Strip gained the record in 2021 with $7.1 billion of revenue in just one quarter of the year. In the last quarter, the revenue reached $2.1 billion. Now the total that the company is making is around $8.4 every year. 

 

Risks involved

People always buy stocks after getting complete knowledge about the company. They perform a complete analysis of the company’s previous stock rates to make future predictions. Even after all the knowledge, there is not any surety that the stock prices will increase. This depends on luck; sometimes, the business fails to progress, and the rate of the stocks declines. The rise and fall of the stock also depend on the following factors: 

 

• Commodity Price Risk 
• Detection Risk 
• Inflationary Risk 
• Interest Rate Risk 

 

Comparison of different stocks 

Here is a list of all the popular stocks present in the iGaming industry. The stocks listed contain Swedish gambling companies and also foreign casino companies. The stock market is similar to gambling, where the profit and loss are based on luck. Try to buy the stocks of that site where the profit is high. Most people prefer investing long-term in any one stock that gives them a huge price in the long run. 

 

 

A quick look at the stock market 2022

The stock market in 2022 is very different in comparison to the market that was present before COVID. A lot of businesses and markets have boosted up due to quarantine, and many have lost their entire business for the same reason. In the iGaming industry, it can be seen how the market used to be at a similar stage, but in the last 3 years, there are some major highest and closest markings recorded. In Sweden alone, there are some casino companies and affiliates that have gained a lot of profit just on the basis of their stocks.