|Bid||721.80 x 0|
|Ask||722.60 x 0|
|Day's Range||715.73 - 725.80|
|52 Week Range||504.00 - 1,021.00|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 18, 2017 - Sep 22, 2017|
|Forward Dividend & Yield||0.34 (4.71%)|
|1y Target Est||1,179.33|
JERSEY CITY, N.J., Sept. 6, 2019 /PRNewswire/ -- Roar Digital, LLC – the 50/50 joint venture created by MGM Resorts International (MGM) and GVC Holdings (GVC.L) – today launched the BetMGM online gaming app in the state of New Jersey. BetMGM is a new customer experience as well as a rebranding of the online gaming app, PlayMGM, introduced by MGM in 2017. The product incorporates the new GVC Sportsbook platform, giving customers a seamless betting and gaming experience, and will be the core mobile platform utilized for future state rollouts.
The Twitter feed of UK betting group Bet365 has looked different in the past week. The usual stream of odds on UK Premier League matches has been interrupted with references to a different type of football: America’s NFL. The gambling company, which has been named as the most profitable in the world by Global Betting and Gaming Consultants, launched a US website and app this week in New Jersey, as the 100th season of the US National Football League kicked off.
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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.
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While small-cap stocks, such as GVC Holdings PLC (LON:GVC) with its market cap of UK£3.5b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn...