A huge merger hashappened between two iGaming giants that were floated on the NASDAQ Stockholm stock exchange. The merger in questions has sent the iGaming industry into overdrive which is currently set to rise from $58.9 billion per year to $92.9 billion between now and 2023.
Now is the time to invest according to those that are savvy about the gaming industry. Evolution stocks are showing promise with soaring share prices that have taken the NASDAQ by storm.
Evolution Gaming: This year alone has seen Evolution Gaming shares rise from 269 and rose to 701. The firm’s shares show no sign of slowing down and with the massive NetEnt takeover on the horizon, and investors are firmly keeping an eye on the iGaming software giant’s potential.
What have learned from this huge takeover is that the cost to Evolution in the long run was only around $30 million to restructure and move things around. That’s the same amount Evolution saved after shutting down the NetEnt live studios in Malta which saw the of NetEnt live games.
The takeover is a sign that iGaming is very much growing, and in this industry Pandemics, as bad as they are, work in favour of companies like Evolution because inevitably more people at home means more people online, and thus an increased volume of casino players logging on to play video slots and table games.
For Evolution, the video slots its just gained from NetEnt and Red Tiger Gaming (the latter company which was under the wing of NetEnt already) means that Evolution is now a video slots provider whereas before it was solely involved in live dealer casino gaming!
NetEnt Shares: As for NetEntshares were handed over to Evolution and so they are no longer available. They were however extremely successful doubling in 2020 and had the company continued under its own PLC, the prediction for a rise in shares for 2021 was a solid one.
Shares in Other iGaming Companies
However, there are some other iGaming companies worth investing in. Playtech is one that will continue to perform as it spreads its wings into the USA while Playtech live dealer games are also popular in Asia.
Playtech Shares: The company has had some rocky time as of late, but it is also one that is in a growing industry that is spreading its wings into North America and already has a good foothold in Asia – especially the sub-continent South East Asia via its xo slot portfolio. Places such as Thailand, Malaysia, Indonesia, and Philippines all have online or mobile casino apps that connect to Playtech games via reseller aggregator casino platforms.
Entain Shares: Another company flying high within the iGaming industry is Entain once known as GVC Holdings. The new brand new invigorates change in the company and has seen the company’s shares skyrocket since the decision to rebrand. It is certainly worth investing in for the long term!
In short, if you are looking for a good investment opportunity, then iGaming stocks are the way forward. With stock markets possibly on the brink of collapse and financial uncertainty ahead, the iGaming industry will continue to rise!
