Casino-linked stocks mostly rise as Evolution and Betsson report Q3 results

27/10/2026

European gambling shares mostly climbed in the week ending 23 October 2026. Eight of the nine stocks tracked by European Gaming finished higher, while London's FTSE 100 index dropped 1.76%. Several companies with large casino businesses released third-quarter figures during the week.

Betsson leads the gains

Betsson was the top performer, rising 7.14% to SEK 99.05. Its third-quarter report showed record revenue of €326.5 million, up 10%, with casino revenue growing 14%. Operating income, however, fell 31% to €46.1 million. The company said October had started positively. On Friday, Pareto Securities upgraded the stock to buy from hold.

Evolution returns to growth

Live casino supplier Evolution gained 5.18% to SEK 841.40. Its third-quarter revenue rose 3.7% to €526.1 million. This was its first year-on-year revenue growth in five quarters. Net profit slipped 3.6% to €243.3 million because of €12.1 million in one-off costs. These costs were linked to a UK Gambling Commission settlement and the ended Galaxy Gaming merger. Evolution also confirmed it closed its Brazilian studio on 5 October.

UK machine tax in focus

Rank Group, which operates Grosvenor casinos and Mecca bingo clubs, rose 3.96% to 78.8p. The shares jumped on Wednesday after The Times reported that the UK government plans to raise Machine Games Duty to 25% from 20% at the 28 October Budget. The report cited unnamed sources. Rank has warned that any increase would lead to venue closures and job losses. Entain also gained during the week.

Flutter Entertainment rose 5.94% after announcing up to 1,400 job cuts in the UK and Ireland. The company said this was a response to gaming tax rises in the 2025 Budget. That Budget raised Remote Gaming Duty to 40% from 21% in April 2026.

Other movers

  • Lottomatica rose 4.27% as its share buyback continued.
  • Playtech gained 1.58% with no trading news.
  • Sportradar edged up 0.34% after two brokers lowered their price targets.
  • FDJ United was the only stock to fall, down 4.32%. Its third-quarter revenue dropped 8.1%, and it cut its 2026 targets for the third time this year.

Brazil licences expire

In Brazil, the authorisations of 85 betting companies, covering 188 brands, expired on 25 October under a provisional measure. Licensed sites remained offline for a third week. Justice Luiz Fux had not yet ruled on requests to suspend the ban.

Coming up, Lottomatica, Sportradar and Flutter are due to report third-quarter results between 2 and 4 November.

Source: European Gaming