During last year, one particular topic that got a lot of attention was the idea that the introduction of real time gaming and live dealers. Now as we approach the end of 2009, these developments have not materialized to the extent that most people thought they would.
What are the reasons behind this and why has this not happened? One of the first things that always needs to be kept in mind is that predictions about the future, even the short term future, have a habit of going terribly astray.
One of the main things that has also happened in the meantime is that online casinos have spent a lot of time and money developing better software that customers seem to be responding positively to.
There is one variable that the full effects have not been felt from yet. There is currently not enough penetration into the market from real-time gaming and live dealers so see if it is a really something that customers are really interested in so next year could really tell the tale as to whether this a short term market trend or a real long term shift.
After a much livelier week in terms of the volume of business that was done in share in the online casino sector we had a somewhat mixed conclusion to trading at t he end of the week for many of the main operations in the sector.
The share price of William Hill took a hit on Friday October 30th 2009. At the day’s start the share price stood at 169.80 and the share valuation stood at 168.00 at the end of the day. That is all of 1.19 percent down on the Thursday October 29th price of 170.00 and is all of 0.5% up from 167.00 on Wednesday October 28th.
PartyGaming shares by contrast gained ground on Friday. The value of shares was standing at 224.20 at the day’s start and the share price of the company was 228.90 at the end of the trading period. That is all of -1.7% higher than the 224.90 on Thursday October 29th and is all of 2.44% lower than the Wednesday October 28th price of 234.50.
The share price of Cryptologic was another one that dipped on Friday. At the opening of business the price stood at 3.98 and by the end of the day 3.94 was the share price. That price is 1.26 percent lower than the 3.99 on Thursday October 29th and leaves the price -3.5% up on the Wednesday October 28th price of 3.80.
Over the course of the week we have seen quite a bit of fluctuation in the area and he end of week movement was very much reflective of these broader graphs that have been apparent in the sector for a while now.
The global economic downturn has focused the minds of many in politics on the potential taxation revenue stream that could be generated from a repealing of the current online gambling ban and the introduction of a tightly controlled regulatory environment in its place.
This has meant growing support for Barney Frank’s bill that would usher in a new era along these lines. John Larson of Connecticut and Peter Welch of Vermont are the latest public representatives to lend their support to the bill.
This follows a trend we have been seeing recently of growing support of Mr. Frank’s bill. It would now appear that rather than damaging the chances of an imminent repeal, the global economic downturn has actually brought the whole issue way up the agenda as taxation revenues have fallen off a cliff and the powers that be scramble for ways to try to rectify the situation.
In terms of a general and overall outlook, the online casino sector was struggling again by the midweek point in trading on the international markets this week. Let’s take a look at some of the numbers for some of the big brand names that illustrate this.
The share price of William Hill decreased on Wednesday October 28th 2009. At the day’s beginning the share price was 170.00 and by the end of the day the share price was 167.00. That is all of 2.45 percent lower than the 171.10 on Tuesday and leaves the price 2.75% down on the Monday October 26th price of 171.60.
PartyGaming shares also lost ground on Wednesday. At the day’s beginning 238.00 was the share price and by the conclusion of business the share valuation stood at 234.50. That is 1.91% down on the Tuesday October 27th price of 239.00 and is 3.28% down on the Monday price.
Cryptologic was another player that lost ground. At the day’s beginning the share price was 3.91 and by the end of trading 3.80 was the value of shares. That is all of 4.47% lower than the 3.97 on Tuesday and this price is a very significant 8.94% down on the Monday.
Things have been quite rocky for the sector recently and if these numbers are anything to go by then the trend looks set to continue at least in t he short term.
We have seen quite a bit of lethargy in the online casino sector recently but one company that hass been doing reasonably steady business over the last few days in 888.
888 Holdings PLC shares gained some ground on Tuesday October 27th 2009. At the start of the day the value of shares was 93.75 and 95.00 is where the shares stood by the closing bell. This price is 1.3% higher than the 93.75 on Monday October 26th and leaves the price 0.7% up on the Friday October 23rd price of 94.25.
Over the course of the day the shares hit a high of 95.5077 and at another time 92.699 was the weakest price for shares this leaves us with during the day’s trading, from high to low a total of 1.33 percent of difference.
The volume of shares trades at the end of the day finished up at 1.17 M and it is relevant to mention that the number of shared traded at the end of the day on Monday was 1.19 M and the number of shared traded on Friday was 450,180. This shows that the level of the trading does not necessarily correlate directly to the share price over the trading period of the last few days.
It was a slow start to the week for the online casino industry on the markets with a lot of major players experiencing dips in share prices on the back of a fairly lethargic market.
William Hill shares lost ground on Monday October 26th 2009. At the beginning of the day 176.80 was the valuation of the shares and at the closing bell the share price was 171.60. This price is 3.14 percent down from 177.00 on Friday October 23rd and leaves the price 2.85% lower than the Thursday October 22nd price of 176.50
PartyGaming also lost some ground on Monday. At the day’s beginning the share valuation stood at 244.20 and the price stood at 242.20 by the end of the day. That is all of 0.33% down from 243.00 on Friday October 23rd and this price is 1.98% down on the Thursday October 22nd price.
The share price of Cryptologic was another one to take a bit of a tumble. At the start of the day 4.27 was the valuation of the shares and 4.14 was the standing of the shares by the end of trading . This gives a price that’s 2.65% lower than the Friday October 23rd price of 4.25 and is 3.86% lower than the 4.30 on Thursday October 22nd
These examples are largely reflective of the trend that the opening day of the week’s trading brought to the wider online casino sector in general.