|Bid||1,319.00 x N/A|
|Ask||1,320.00 x N/A|
|Day's range||1,317.50 - 1,328.50|
|52-week range||994.60 - 1,596.50|
|Beta (5Y monthly)||1.22|
|PE ratio (TTM)||219.92|
|Earnings date||09 Aug 2023 - 14 Aug 2023|
|Forward dividend & yield||0.17 (1.24%)|
|Ex-dividend date||16 Mar 2023|
|1y target est||1,845.72|
A look at the stocks making headlines on Wednesday.
Investors have plenty of value stocks to choose from on the FTSE 100. But share pickers need to be careful not to fall into traps when looking for value. The post Are these cheap FTSE 100 shares brilliant bargains or value traps? appeared first on The Motley Fool UK.
Gambling companies have benefited from betting shops reopening in the past one year, but stiffer regulation for online gambling in Britain and the Netherlands, and a cost-of-living crisis pose challenges for the industry. Entain's online net gaming revenue rose 11% on constant currency for the three months ended March 31, as punters bet heavily during the U.S. basketball tournament 'March Madness' and the Super Bowl. The company said active customers rose 19% from a year earlier, and reported robust demand in its retail units, with net retail gaming revenue up 13% in the quarter.
The acquisition includes contingent payments of up to $10 million, Entain said in a statement. Over the years, Entain added several betting groups to its portfolio, including five in 2022, when it expanded into Canada, the Netherlands and other parts of Europe. Entain ventured into Central and Eastern Europe last year with its acquisition of Croatia's SuperSport Group.
“We have our own strategy, we’re growing tremendously well,” CFO Rob Wood said
(Reuters) -British gambling group Entain warned of lower core profit margins in 2023 as it exits unregulated markets and faces regulatory headwinds and higher costs for wages and energy in the United Kingdom. The shares fell nearly 5% by 0935 GMT, as the owner of Ladbrokes, Coral and bwin forecast core profit margins of about 26% for 2023, down from 2022, although still ahead of pre-pandemic levels. Gambling companies have benefited from betting shops reopening in the past year, but declining online revenue, stiffer regulation for online gambling in Britain and the Netherlands and a cost-of-living crisis pose challenges for the industry.
(Reuters) -British gambling firm Entain raised its annual profit outlook on Wednesday and said it would end its financial support for BetMGM, the joint venture with MGM Resorts, once that business turns profitable. "Assuming no major changes to our environment and markets, we expect financial support for BetMGM to come to an end as we move to profitability in the U.S.," Entain CEO Jette Nygaard-Andersen told analysts. Shares of Entain rose as much as 3% on the day.
The US central bank chair underscored importance of maintaining focus on inflation and labour market.
The future of Liz Truss’s leadership appears precarious, and the bookies odds are in favour of a swift departure.
The Ladbrokes and Coral owner posted a 2% rise in revenue for the three months to the end of September.
The Australian Transaction Reports and Analysis Centre has been assessing several players in the corporate bookmaking sector
The Australian Transaction Reports and Analysis Centre (AUSTRAC) said it began the enforcement investigation after an extensive supervisory campaign covering the whole corporate bookmaking sector, without giving further details. "Reporting entities have a responsibility to ensure they identify, assess and manage risks of money laundering and terrorism financing, develop adequate processes and devote the necessary resources to comply with their AML/CTF obligations," AUSTRAC Chief Executive Officer Nicole Rose said in a statement. Online betting has exploded in Australia since the start of the COVID-19 pandemic when physical gambling shopfronts were forced to shut in stop-start lockdowns over nearly two years.
The case is the Gambling Commission’s largest ever enforcement action.
Gambling giant Entain, which owns well-known brands such as Ladbrokes, Coral, Gala and Foxy Bingo, has been forced to pay out £17m for "completely unacceptable" safeguarding failures. Entain settled following the largest ever enforcement action by the Gambling Commission uncovered anti-money laundering and social responsibility failures. Entain Group will pay £14m for failures at its online business LC International Limited, which runs 13 websites including ladbrokes.com, coral.co.uk and foxybingo.com.
The owner of Ladbrokes has been fined a record £17m after failing to spot problem gamblers and money laundering, including allowing one suspicious customer to spend £186,000 on its sites.
FTSE 100 company resurrects dividend as punters head back to high street bookies while online revenues ease
The betting group also unveiled a deal to drive growth in Central and Eastern Europe markets and buy Croatia’s SuperSport Group.
Ladbrokes and Coral owner makes biggest fall on the FTSE 100 after saying online revenue won’t grow
Entain, which forecast in March annual online net gaming revenue growth in the mid- to high-single digit range, said a weaker macro-economic environment was reducing customers' rate of spend, moderating overall online growth. The firm reported a 12% rise in its online net gaming revenue last year. Shares of Entain fell 6.5% in morning trade.
(Bloomberg) -- Here’s the key business news from London-listed companies this morning.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionOil Plummets Below $100 as Recession Risks Come to ForefrontWall Street Says a Recession Is Coming. Consumers Say It's Already HereRoaring US Rental Market Shows Early Signs of Slowing Down Trainline Plc: The online ticketing service raised its guidance for the
With areas of the economy continuing to come under pressure, stock market investors have been laser-focused on the share prices of some of the UK’s biggest com...
Entain said BetCity's offering was highly complementary to its bwin and Party brands, which are awaiting approval to operate in the Netherlands. Entain, which owns the Ladbrokes and Coral betting firms, said it would acquire BetCity from Sports Entertainment Media B.V. for an initial consideration of 300 million euros plus a deferred contingent consideration of up to 550 million euros.