In a volatile week for online gambling stocks, investor sentiment wavered amid regulatory and strategic developments. While most companies saw declines, a few stood out with notable moves. Our latest snapshot of the online gambling industry highlights key performers and laggards.

Overview – online gambling stocks last week

  • Average growth – On average, share prices analyzed decreased by -2% in the last week (05.2025 to 23.05.2025).
  • “Winner” – The most significant leap  in our sample of online gambling-focused companies was taken by Raketech with an increase of +4%, followed by PointsBet (+0.5%).
  • “Loser” – Codere Online and Playtech had the worst weekly performance in our analysis, with a change of -9% and -9%.
  • Comparison to the Nasdaq Composite – Compared to the development of the Nasdaq Composite (-2.5%), the average development of the online gambling industry looks only slightly “better”.

Raketech shares rise 4% on strategic leadership moves and cost-cutting measures

Raketech saw its shares edge up 4% last week, with investors reacting positively to a string of strategic updates. The company’s Annual General Meeting brought a vote of confidence in its leadership, including the appointment of Ulrik Bengtsson as chairman—moves that seem to have reassured the market. Raketech also restructured the earnout terms of its Casumba acquisition, pushing payments further out and ditching share-based settlements, a signal of tighter financial discipline. Perhaps most notably, the affiliate marketing group reported a 34% cut in operating costs in Q1. It’s a mixed bag, but the recent steps suggest management is focused on long-term stability—and investors appear to be on board.

Codere Online shares slide 9% after Nasdaq delisting warning over late filing

Codere Online took a hit last week, with its shares sliding around 9%—and it wasn’t just market mood swings. The drop followed a delisting warning from Nasdaq after the company missed the deadline to file its 2024 annual report. Codere chalked up the delay to the late appointment of a new auditor, which also slowed down their 2023 report. The company is now appealing the decision and hoping to avoid a trading suspension, which could kick in as soon as June 6. Even though they posted a solid 8% boost in Q1 revenue, the cloud of regulatory trouble was enough to rattle investors.

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