Online gambling stocks performance showed a generally negative trend last week, with an average decline of about 4%, underperforming the Nasdaq Composite’s 3% drop. PointsBet (+1.0%) and OPAP (+0.7%) were rare bright spots, while Caesars (-17%) and Penn Entertainment (-12%) suffered the steepest losses. Across segments, online operators, multi-channel firms, suppliers, and affiliates all faced declines.

Overview

  • Average growth – On average, share prices analyzed decreased by -4% in the last week.
  • “Winner” – The most significant leap in our sample of online gambling-focused companies was taken by PointsBet with an increase of +1.0%, followed by OPAP (+0.7%).
  • “Loser” – Caesars and Penn had the worst weekly performance in our analysis, with a change of -17% and -12%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (-3%), the average development of the online gambling industry looks “worse”.

 Segment-specific developments

  • Online-focused operators – The shares of online-focused operators included in the analysis saw, on average, a decrease of -3%; with PointsBet (+1.0%) leading the ranking.
  • Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, OPAP is the “winner” with +0.7% while the average share development was -8%.
  • Suppliers – The shares of the suppliers included in the analysis saw, on average, a decrease of -3%.
  • Affiliates – On average, affiliates’ shares saw a decrease of -4% with Catena Media (-0.9%) leading and com (-8%) coming last.

The share increase of PointsBet

Between October 6 and October 10, PointsBet’s share uptick was largely fueled by the official handover of control to MIXI, which included the appointment of three new non-executive directors on October 6, reflecting a stronger alignment with the majority shareholder’s strategic vision.

The decline of Caesars shares

From October 6 to 10, Caesars’ share slide appears tied to mounting investor concern over its looming Q3 earnings report and evident exposure to macro-headwinds in the gaming and hospitality sector. The absence of reassuring forward guidance and broader sector weakness likely exacerbated negative sentiment toward the stock.

Please find more data and the methodology applied in the current edition of the OGQ Magazine. Also, find more content in our data section.