E Stock Predictions For Nordic IGaming Companies

The past year (2018) has been very successful for the Nordic game industry, just like it has been very successful for the gaming industry as a whole. But what are the trends for the online casinos?

Well, while they are a sort of gaming, they are going through a whole different type of growth and expansion nowadays, according to Norskecasino.casino’s publication. The trend for them has been that of growth as many people had expected previously. The online gambling industry is a rather large one, even if not often seen as such by most people, and the Nordic companies involved have a nice chunk of the industry to themselves. How they have grown and how they will keep growing, if at all, is an interesting subject to look at.

Let us take a look at some of the more well known Nordic online casinos, the companies behind them, and see how far they have come and how far they are going to keep going.

Catena Media

Catena Media is one of the largest Nordic companies currently working in the iGaming industry. Their rate of monthly customer retention is rather impressive, with 5 million users being retained per month. Their growth has been rather impressive, with 677 million Euros added in revenues just within a single year in 2017. 2018 has been a good year for them as well, with another increase in revenue and the introduction of some new plans and missions for the year 2020, though it seems 2018 had not been as favorable to them as 2017 was. Still, they have retained a stable level of stock prices even within the global trend of stock assets prices declining. With the current expectations of the market global markets still being pessimistic, it seems the downward trend for the stock of Catena Media will persevere, for a bit. Though, if they are going to be fulfilling the goals and showing a good revenue marker, as promised by them, they might be seeing a nice spike sometime mid-2019. Their recent naming as the best affiliate and interesting acquisition strategies should definitely be bringing their stock up sometime into 2019.  

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