Stock Movers Evolution Slumps, Beazley Falls, Glanbia Rises
Aug 13, 2025
This discussion highlights the dramatic 7% drop in Evolution's stock linked to illegal gambling operations in restricted markets. Beazley also faced a 6.5% decline despite surpassing profit expectations. In contrast, Glanbia enjoyed a 12% surge, driven by impressive first-half results and an optimistic outlook for the year ahead. The contrasting fortunes of these companies offer a compelling look at the stock market's volatility.
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Secret Filming Allegations At Evolution
- Evolution executives were secretly filmed describing sales of games into banned countries like Iran, Sudan and China.
- The recordings allege use of intermediary resellers to push games into markets where gambling is illegal.
Revenue Heavy In Unregulated Markets
- Evolution derives a large share of revenue from unregulated markets and doesn't disclose country breakdowns.
- That business model contrasts with peers like Playtech, which had 92% revenue from regulated markets in 2024.
Weigh Near-Term Softness Against Long-Term Drivers
- Beazley cut growth guidance citing soft market conditions and strong supply driving competition.
- Investors should weigh near-term softness against longer-term demand drivers like climate change and cybercrime.