Home Business News Gambling affiliates lose 70 per cent in stock market value

Gambling affiliates lose 70 per cent in stock market value

by LLB Reporter
25th Feb 20 7:03 am

Data gathered and calculated by GoldenCasinoNews.com indicates that the top five gambling affiliate companies have lost 70% in stock market value over the last two years.

The affected affiliates include Gaming Innovation Group, whose value has declined by -87.73%, followed by XLM Media with a loss of -75.20%.

Malta based-Catena Media has lost -68.17% in stock value while Raketech Group Holding has witnessed a decline of – 67.22%. Net Gaming Europe has also suffered a -65.06% change in stock market value.

Better Collective is the only gambling affiliate to enjoy share price growth, with a +18.08% gain in the two year period.

The drop in stock market value is particularly interesting given the huge opportunity in the US, where several states have already legalized online gambling.

Adam Green, editor at GoldenCasinoNews.com said, “It’s quite shocking to see such a drop in the value of these companies when they are all posting  extremely positive results in the US.”

He added, “Investors are clearly more concerned about the growth and sustainability in core European gambling markets for these companies, where compliance and regulation is making things harder for these companies to operate in.”

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