|Bid||621.00 x 75700|
|Ask||621.60 x 123200|
|Day's Range||620.60 - 633.00|
|52 Week Range||504.00 - 1,184.00|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 18, 2017 - Sep 22, 2017|
|Forward Dividend & Yield||0.32 (5.07%)|
|1y Target Est||1,179.33|
The UK’s five largest gambling companies have proposed a tenfold increase in a voluntary levy they pay to fund help for problem gamblers, a move industry figures say is a pre-emptive attempt to avoid further regulation. William Hill, Paddy Power Betfair, SkyBet, Bet365 and GVC, the owner of Ladbrokes Coral, agreed to increase a levy paid on gambling profits from 0.1 per cent to 1 per cent over the next five years. The increase was disclosed to the Department for Digital, Culture, Media and Sport in a letter, first seen by the BBC, in which the companies committed to collaborate “to address gambling-related harm with the priority of protecting the young and vulnerable”.
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...
The exporter-heavy FTSE 100 was up 0.1 percent at its highest closing level since early October, outshining its European and U.S. counterparts, while the midcaps dipped 0.1 percent. Sector heavyweights Shell and BP jumped more than 1 percent to their highest this year, as oil prices were driven by expectations of tighter global supply because of fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela. The gains helped cushion steep falls in blue-chip financial stocks, which were the biggest drags on the FTSE 100.
Wins for favourites generally tend to mean a major hit for bookies taking the action on Britain's biggest horse race of the year and another major firm, Betway, called Tiger Roll's win one of its biggest blows ever. The horse's owner, Ryanair Chief Executive Officer Michael O'Leary, celebrated the second consecutive victory, the first since Red Rum in 1974, by buying drinks for all passengers on his flight home to Dublin, according to footage posted on The Sun's website on Sunday. Eleven-year-old Tiger Roll, ridden by jockey Davy Russell, had a starting price of 4/1, compared with 14/1 last year https://www.grandnational.org.uk/previous-winners.php.
By Aaron Saldanha (Reuters) - European shares rounded off a solid week on Friday, as better than expected German and U.S. data bolstered risk appetite, while Irish stocks surged to their best closing level ...
The company reported flat like-for-like retail revenue in the UK for the first quarter ended March 31, but online net gaming revenue rose 17 percent. The company, Britain's largest high street bookmaker, has expanded through partnerships and of late has been focusing on the sports-betting and gaming opportunities in the United States. GVC has weathered regulatory changes, including in the United States where the Justice Department had recently called for wider restrictions on gambling over the internet.
Ladbrokes owner GVC Holdings Plc on Friday posted an 8 percent growth in quarterly net gaming revenue, boosted by strong online performance. The company's UK retail like-for-like revenue was flat for the ...
In early March, Feldman and Chief Executive Officer Kenneth Alexander together sold 3 million GVC shares at a discounted price of 666 pence per share, which was seen by investors as a lack of confidence in the bookmaker. Alexander had then said that both of them remained committed to GVC. Feldman, who has chaired GVC since 2008, is set to leave at or before its annual general meeting in 2020, Sky News said.
Major League Soccer said on Tuesday that Roar Digital LLC, a joint venture between MGM Resorts International and GVC Holdings PLC, would be its exclusive sports betting partner, the league's first. "Major League Soccer is proud to partner with MGM Resorts to bring existing and new fans close to our sport in innovative and immersive ways," MLS Commissioner Don Garber said in the statement. Marketing rights are also included, with the sportsbook operators allowed to post visible signs for more than 100 nationally broadcast MLS games.
NEW YORK, March 19, 2019 /PRNewswire/ -- MGM Resorts International (MGM) and Major League Soccer (MLS) today announced a historic multi-year strategic partnership that establishes MGM Resorts as the league's first official gaming partner and Roar Digital (Roar), the joint venture between MGM and GVC, as the exclusive Official Sports Betting Partner of MLS.
The FTSE 100 was flat while the FTSE 250 was up 0.2 percent. The index was also supported by Standard Life Aberdeen which rose 2.4 percent on its best day since early January after posting full-year results and saying that it was doing away with a dual-CEO management structure. Lawmakers voted against Prime Minister Theresa May's amended Brexit deal by 391 to 242 on Tuesday, forcing parliament to decide whether to back a no-deal Brexit or seek a last-minute delay to the process.
Struggling department store Debenhams was a bright spot on the UK indexes after Sports Direct's Mike Ashley made a move towards running the more than 240-year-old company. GVC plunged 14 percent - its steepest drop in nearly nine years - to levels last seen in July 2016, after its chairman and chief executive sold some of their holdings in the company at a discount.