|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.30 - 11.67|
|52 Week Range||6.52 - 12.44|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||41.09|
|Forward Dividend & Yield||0.42 (4.02%)|
|1y Target Est||N/A|
The boardwalk in Atlantic City, New Jersey, looks like a forgotten film set. Scant tourists look in vain for its Prohibition-era glory. The windows of the Central Pier Arcade are grey with dirt. The nearby ...
Always know when to walk away. That is what gamblers like to tell themselves, though of course the more useful advice would be not to play at all. Kenny Alexander, chief executive of GVC Holdings, is not ...
* China willing to make partial trade deal with U.S. Oct 9 (Reuters) - German shares logged their best day in six weeks on Wednesday, leading the charge among European shares, as sentiment was lifted by signs of progress in U.S.-China trade relations a day ahead of high-level talks between the two parties. Reports that China was still open to agreeing to a partial trade deal with the United States, and that Beijing was offering to increase its annual purchases of U.S. agricultural products, came as signs of compromise, but analysts remain skeptical.
GVC, the gambling group behind Ladbrokes Coral, upgraded its earnings forecast for the second time this year, as online and over-the-counter betting offset a hit from a crackdown on gaming machines. The FTSE 250 company, which owns more than 3,200 shops in the UK, said retail performance had not been as poor as expected following a cut to the stake permitted on highly addictive fixed-odds betting machines, which in some shops provided more than half of its profits. As a result of this and a strong online performance, the group upgraded its full-year earnings forecast to between £670m and £680m, up from a £650m-£670m range.
GVC, owner of British gambling firm Ladbrokes, raised its annual core earnings forecast for the second time in three months as a joint venture cashed in on a booming online sports betting market in the United States. Isle of Man-based GVC, which has a joint-venture with U.S. hotel and casino operator MGM Resorts International, said it had seen a good start to its BetMGM mobile app launched in September in New Jersey.
When Jim Mullen stood down as the boss of bookmaker Ladbrokes, he enrolled in a Harvard course once taught by football manager Sir Alex Ferguson. Because, with the clock ticking down on this unrewarded activity, he needs a last-minute winner in what Manchester United fans used to call “Fergie-time”. It is, arguably, a last chance for the group to grab more scale in its local news business, which was built up through a £45m purchase of The Guardian’s 31 regional papers — among them the Manchester Evening News — plus a £220m acquisition of Local World, which added another 83.
William Hill plans to cut about a third of its betting shops and jobs in Britain after the government slashed the maximum stake permitted on fixed-odds terminals, dubbed the "crack cocaine" of gambling by their critics. Britain cut the maximum stake allowed to 2 pounds ($2.52) in April after complaints that the machines, which had previously let gamblers bet up to 100 pounds every 20 seconds, were highly addictive and allowed players to rack up big losses. William Hill, which last year warned that about 900 shops could be shut, said on Thursday it had suffered a significant fall in revenues since the change and would close 700 of them.
Britain's largest high street bookmaker said the impact of the new regulations on core earnings would be 130 million pounds in 2020, lower than its earlier estimate of 145 million pounds. Britain implemented the new price cap on Fixed Odd Betting Terminals (FOBTs) in April, bringing down the maximum betting amount to 2 pounds from an earlier 100 pound limit. The company, which owns brands such as bwin, Coral, Crystalbet and Eurobet had earlier said a cut to the maximum stake on fixed-odds betting terminals would result in the closure of up to 1,000 shops and shave about 135 million pounds off core earnings in 2019.