|Bid||300.00 x 50500|
|Ask||323.00 x 126000|
|Day's range||316.90 - 322.10|
|52-week range||239.10 - 345.00|
|PE ratio (TTM)||17.22|
|Earnings date||23 Feb 2018|
|Forward dividend & yield||0.14 (3.90%)|
|1y target est||328.44|
Ladbrokes (Amsterdam: LB6.AS - news) , William Hill (Frankfurt: 633847 - news) and the operator of Titanbet have been criticised for "unfair" online promotions that allegedly cost punters millions of pounds. The Competition and Markets Authority (CMA) has investigated the gambling companies over concerns that customers could be made to play for longer than planned before being able to withdraw their own money. Following its inquiry, the bookmakers have "formally committed to change the way they offer bonus promotions to ensure players can always access and release their own money".
The bookmakers said the limit, if confirmed, would result in job losses and shop closures, while campaigners urged the government to hold its nerve. The government said in October it would reduce the maximum stake on in-shop fixed odds betting terminals (FOBTs) to between 2 and 50 pounds from 100 to help tackle problem gambling after a consultation ending on Tuesday. William Hill and Ladbrokes Coral, which have the biggest presence on the high street, were dismayed.
The company said it expected full-year adjusted operating profit for the 52 weeks to Dec. 26 to be 290 million pounds. According to Thomson Reuters I/E/B/S, analysts were on average expecting a 2017 operating profit of 271.9 million pounds. The higher-than-expected profit marks a clear recovery from 2016, when the company fired its previous chief executive.
British bookmaker William Hill (Frankfurt: 633847 - news) said on Monday its adjusted operating profit for 2017 would rise 11 percent year-on-year, ahead of analysts' expectations, helped by an improving online business and favourable sporting results. The company said it expected full-year adjusted operating profit for the 52 weeks to Dec (Shanghai: 600875.SS - news) . According to Thomson Reuters I/E/B/S, analysts were on average expecting a 2017 operating profit of 271.9 million pounds.
The appointment comes at the end of a detailed search process for picking a successor for Davis, who had indicated he would step down after the 2018 AGM. Davis, who also chairs Ferguson Plc (FERG.L) and DS Smith Plc (SMDS.L), has seen William Hill walk out of talks on two potential deals in the last year including a three-way merger with bingo hall operator Rank Group Plc (RNK.L) and 888 Holdings Plc (888.L).
Stocks across Europe wobbled into the close on Thursday, settling slightly higher as traders digested M&A news and economic growth data.
On Monday, the United States Supreme Court will hear oral arguments in Christie v. NCAA--a case that could eventually lead to legalized sports gambling throughout the U.S.
Tabcorp's offer for the lottery owner was cleared by an Australian tribunal earlier this month and CrownBet has agreed not to apply for judicial review of the tribunal's decision, the company said in a statement. Under an agreement with CrownBet, Tabcorp said it will supply a digital stream of horseracing channels SKY 1 and SKY 2 to CrownBet for the personal use of its Australian wagering customers on their mobile and PC devices. CrownBet, majority-owned by casino giant Crown Resorts (CWN.AX), earlier this year began legal proceedings over the authorisation of the Tatts takeover by the Australian Competition Tribunal.
LONDON/SYDNEY (Reuters) - Paddy Power Betfair (PPB.I) and William Hill (WMH.L) have separately held talks about a deal with Australia's CrownBet as UK-focused gambling companies seek to expand overseas to offset tougher regulations in Britain. Dublin-based Paddy Power Betfair, which is listed on London's FTSE 100 index (.FTSE) and runs betting shops in Britain and Ireland, has had discussions with CrownBet, the online gambling firm that is 62 percent-owned by Crown Resorts (CWN.AX), two people familiar with the matter told Reuters.
Crown Resorts Ltd. said it’s in talks regarding its stake in an online betting service after a report that William Hill Plc held discussions on a potential deal.
LONDON (Reuters) - British bookmaker William Hill plc (WMH.L) said its retail net revenue rose 3 percent in the 17 weeks to Oct. 24, keeping it on track to meet its expectations for the year. The company ...
British bookmaker William Hill plc said its retail net revenue rose 3 percent in the 17 weeks to Oct. 24, keeping it on track to meet its expectations for the year. The company on Monday said online net ...
** Aviva Investors is shorting the autos sector, as well as companies exposed to disruption at the hands of Amazon ** Speaking at the Reuters Global Investment Outlook Summit, the firm's global head of ...
ATLANTIC CITY, N.J. (AP) — Some gambling technology companies expect the U.S. Supreme Court to legalize sports betting and are jockeying for position in the new industry months before a decision is even rendered.
LONDON, Oct (Shenzhen: 000069.SZ - news) 31 (Reuters) - The maximum stake on gambling machines in British betting shops could be sharply cut in response to concerns that the terminals -- a key source of revenue for bookmakers -- fuel addiction. The wide range of options left on the table sets the scene for a battle between the gambling industry and critics who are concerned about easy access to fixed odds betting terminals (FOBTs) in betting shops.
The maximum stake allowed on gambling machines found in British betting shops could be cut from 100 pounds to as little as 2 pounds, the government said on Tuesday, dealing a blow to bookmakers. Following ...
British finance minister Philip Hammond has blocked government attempts to curb high-stakes gambling machines commonly found in betting shops in order to preserve tax revenues, the Daily Mail newspaper reported on Saturday (Shenzhen: 002291.SZ - news) . Britain's ministry for culture, media and sports, which regulates the gambling industry, launched a consultation in October into the maximum wagers that should be allowed on gambling machines, including those known as fixed-odds betting terminals. The Daily Mail cited a government source as saying Britain's finance ministry feared this would be "financially crippling" for tax revenues, and separately said Hammond had acted to ensure a clampdown on maximum gambling stakes was shelved.
An improved performance from its online business helped British bookmaker William Hill Plc (Frankfurt: 633847 - news) to post a rise in first-half revenue, sending its shares up sharply. William Hill, which in March named a new chief executive and a finance boss, said revenue rose 3 percent to 837 million pounds ($1.1 billion) in the first half of the year and also nudged up its interim dividend by 4 percent. For William Hill, a stronger online business marks a clear recovery from a year ago when it fired its previous chief executive for not making enough progress in the sector.
Britain's largest bookmaker Ladbrokes (Amsterdam: LB6.AS - news) Coral Group said it expected to find higher savings from last year's merger and reported a small increase in first-half group net revenue. The group, created by the merger of Ladbrokes and Gala Coral last year, increased its guidance for annual savings from the deal to 150 million pounds ($197 million) from 100 million pounds. Ladbrokes said first-half total operating profit is expected to be within the range of 153.3 to 158.3 million pounds and that it remained on course to meet expectations for the full year results.
** William Hill -4 pct at lowest level in a year ** Investec downgrades stock to "sell" from "hold", cites credit betting ban in Australia, a change in revenue mix in Australia and ...