iGB North America magazine IGBNA Aug/Sep | Page 56
Business and Finance
iGaming Top 10 Components Indexed 10 Year
44.0
39.0
34.0
29.0
24.0
19.0
14.0
9.0
4.0
-1.0
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Betfair
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-0
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06
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Playtech
06
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7
-0
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Paddy
07
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07
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-0
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Optimal
will be very well positioned for future growth,
according to reports. Ivor Jones, analyst at
Numis Securities, sees an investment in
Optimal as screaming “buy”, with a target
price of 450 pence per share, representing a
55% uplift.
Betsson’s (+23.4%) share price also hit an
all-time high in the period. Shares, however,
retreated on news that Magnus Silfverberg,
the company’s CEO & President of four years
standing would be leaving the company.
Betsson will be left in safe hands, with the
return of long-time former CEO Pontus
Lindwall, who will act as Interim CEO.
Shareholders were however not as pleased,
with the share price dwindling down over the
following two weeks by 9%.
Net Entertainment’s (+22.3%) share
price once again hit an all-time high. Shares
continue to perform as the company makes
great strides readying itself for the US market.
During the period, the company settled its
long standing IP issues with IGT over slot
patents, as well announcing two consecutive
content deals with Borgata and Caesars.
08
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08
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9
-0
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Will Hill
09
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09
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09
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Betsson
0
-1
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10
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10
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Net Ent
10
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1
-1
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Unibet
11
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11
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2
-1
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Amaya
Zynga’s (-9.2%) share price took a
circuitous route this period, before gaining
to end the period up. Early in the period,
shares took an 18% tumble upon news that
the founder and former CEO, Mark Pincus,
was returning to the helm. Upon his return,
Pincus stated that: “We need to get back to
being the leader in mobile data and analytics,
which leads to the best product management
in our games. I think I bring a DNA and
passion, in that respect.”
Apparently Wall Street didn’ ]Z]H