Top 3 IGaming Tech Stocks To Invest In 2022

Leisure and resort properties, as well as casino gaming operations, are part of the larger gaming business. Casinos, resorts, hotels, ski facilities, and racetracks are owned and operated by companies in the industry. 

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COVID-19 and other regulations have had a negative influence on numerous enterprises in the gaming industry. Although the business started to improve in 2021 as restrictions were eased and vaccinations were made available, the fast-spreading Omicron coronavirus continues to pose a danger to complete recovery. Because of the ongoing restrictions, the popularity of online gambling increases even more. Nowadays many online casinos try to furnish their customers with innovative services to attract them. 

If you're looking to invest in iGaming tech stocks, there are several firms to explore. Many investors are considering iGaming investments due to the rising popularity of online casinos and the iGaming business. We'll tell you which 3 stocks to keep an eye on in 2022 if you want to profit from the industry.

888 Casino

For those who aren't familiar with online gambling, it's worth noting that most major gambling sites are owned by a few large corporations. If you're looking for an interesting casino or sportsbook, you're more likely to come across a well-known brand than a "new player." 

When it comes to operators and alternatives, one company always comes to mind because of its wealth of knowledge and position as the industry's undisputed leader. 888 is the brand name of this business, which operates in numerous countries. 

Aside from its world-class casino, the company is also well-known for its full-fledged casino, advertisements, and dedicated poker website. As a result, customers from all corners of the globe often take advantage of these offerings. If you take a look at 888 casino review you'll be happy to know that the company's revenue has increased by 14% in 2021. In terms of its market value, this betting brand is estimated to be worth $980.1 million, making it one of the most valuables in the industry. 888 may be most closely associated with the United Kingdom, but the iGaming corporation operates in several other nations as well. Thus, gamblers outside of the United Kingdom, including those in Portugal, Italy, and Romania, are increasingly turning to 888 (EIHDF).

Even though the company had a great increase in value in 2021, in 2022 it will see some decreases. In 2021, September, the stocks were traded at 458 GBX. Since then the value started to go down and nowadays it is estimated at 191 GBX. Those investors who want to get some benefits with the strategy of buy and hold can now trade with casino 888 stock and wait for the moment when it will reach the desired point of value. As the iGaming sector keeps developing and casino 888 is one of the leading firms in this field, it’s most probable that the stocks will spike again. 

IGT

Gaming technology goods and services are offered across North America, Europe, the Middle East, and Africa as well as Latin America and the Caribbean by International Game Technology PLC (IGT). Global Lottery, Global Gaming, and Digital & Betting are the company's three divisions. As a provider of online lottery transaction processing systems, instant ticket games, and instant ticket marketing programs, as well as graphic design, programming, packing, shipping, and delivery services, the firm creates, sells, manages, and rents a range of point-of-sale devices. 

On Tuesday, May 10th, International Game Technology released its latest quarterly financial figures. The EPS for the quarter was $0.39, beating the average expectation of $0.33 by a penny. A return on equity of 3.35 percent was achieved by International Game Technology. The firm made $1.05 billion in sales during the quarter, which was more than the $1.04 billion experts expected. A year ago, the business earned $0.38 EPS in the same period.

On a year-over-year basis, International Game Technology's revenue increased by 3.5%. The positions of hedge funds in the firm have lately changed. During the fourth quarter, Mitsubishi UFJ Trust & Banking Corp. boosted its stake in International Game Technology by 7.1%. After purchasing an additional 1,079 shares in the last three months, Mitsubishi UFJ Trust & Banking Corp now owns 16,211 shares in the company, valued at $469,000.00.

Nowadays IGT stocks are traded at $20.60. This is almost the same price as it was in September 2021. Today, stocks have decreased in value, however, if we look at the past data, we can find that since September 2021 stocks spiked, and reached the highest price ever on November 5, 2021, with a price of $31.79. Since then the stocks have fluctuated. However, today is some of the best times to buy this stock, as it has one of the lowest prices and many experts based on their analysis say that the stocks are going to skyrocket again any time soon. 

Aristocrat

2022 is a good year for Aristocrat Leisure (ARLUF), which announced its earnings for the first half on May 19. The six months ending March 31 saw a 41% increase in normalized net profit to $580 million. The company's revenue increased by 23% to $2.75 billion in the first half. Analysts had predicted a profit of between $525 million and $535 million for the first half of the year. As a result of the COVID-19 lockdowns, the gaming behemoth was obliged to reduce its workforce, implement pay cutbacks, and eliminate its dividend, all of which had a substantial impact on the company's bottom line. 

Nowadays Aristocrat is traded at $35.67 and experts hope that this number will increase even more in 2022. 

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