|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||55.42 - 56.41|
|52 Week Range||35.16 - 63.61|
|Beta (5Y Monthly)||-0.14|
|PE Ratio (TTM)||33.01|
|Forward Dividend & Yield||1.25 (2.20%)|
|Ex-Dividend Date||Sep 04, 2019|
|1y Target Est||N/A|
Competition authorities plan to review the £10bn merger between the two gambling groups Flutter, owner of Paddy Power, and Stars Group, which owns Sky Betting and Gaming. The UK’s Competition and Markets Authority said it would investigate whether the deal would result in a “substantial lessening of competition” in the UK gambling market. An investigation into the deal between Flutter and Stars, which was announced in October, had been expected by some, given recent moves by the CMA to focus more on competition online.
EUROPE MARKETS European stocks on Tuesday inched higher on the eve of earnings season. After losses for two straight sessions, the Stoxx Europe 600 (XX:SXXP) edged up 0.12% to 418.89, not far from the record close of 419.
LONDON MARKETS Shares of U.K. gambling companies slumped Tuesday after a ban on credit-card use was announced. The slump, which hit companies including 888 Holdings (UK:888) , GVC Holdings (UK:GVC) , William Hill (UK:WMH) and Flutter Entertainment (UK:FLTR) , came as the U.
European stocks have severely lagged U.S. stocks over the past year. In that stretch, the iShares MSCI EMU Index (BATS: EZU ) is up just 6%, while the SPDR S&P 500 ETF Trust (NYSE: SPY ) is up 50.9%. Eurozone ...
Paddy Power Betfair parent Flutter Entertainment reported a 10% rise in third-quarter revenue to 533 million pounds ($686 million) on Thursday helped by a 67% jump in the United States where it raised its outlook. Flutter last month agreed to buy Toronto-listed Poker Stars operator Stars Group Inc (TSG) in a $6 billion share deal set to create the world's largest online betting and gambling company by revenue. Flutter, which last year merged its U.S. unit with fantasy sports company FanDuel, said third-quarter revenue in the U.S. market rose by 67% as it pushed into five new states.
British punters will once again indulge their passion for a cash wager on their country's political future as bookmakers open up bets on the outcome of the Dec. 12 national election. "Betting markets do talk and they tell a story," said Rupert Adams, media relations manager at bookmakers William Hill. The flip-side is the outcry when the bookies are judged to have got it wrong, as when they pegged Remain as the comfortable winner of the June 2016 EU referendum, or marked Hillary Clinton as favourite to beat Donald Trump in the U.S. presdiential election later that year.
Paddy Power AKA Flutter, The Stars Group, Merge The European gambling scene continues to merge into itself in preparation for the expansion of the US sports betting market. Paddy Power, which only recently merged with Betfair and changed its name from Paddy Power Beftair to Flutter (OTCMKTS:PDYPY), and The Stars Group (NASDAQ:TSG), formerly Amaya, which […]The post Market Morning: Paddy & Stars Flutter Together, Tesla Falls Short, Bed Bath & Beyond Closures appeared first on Market Exclusive.
The Stars Group (NASDAQ: TSG) shares are trading higher after the company announced an all-stock merger with Flutter Entertainment. The merger will combine two businesses in the sports betting and gaming sector. On completion of the merger, Flutter shareholders will own approximately 54.64% and The Stars Group shareholders would own approximately 45.36% of the share capital of the combined group.
The owner of Paddy Power Betfair has agreed to buy the company behind Poker Stars in a $6 billion share deal to create the world's largest online betting and gambling company by revenue, seeking to take advantage of the opening up of U.S. markets. Flutter Entertainment , formerly known as Paddy Power Betfair, is to combine with Nasdaq- and Toronto-listed Stars Group Inc (TSG) , owner of Poker Stars, the companies said on Wednesday. U.S.-listed TSG shares soared 50% in premarket trading after the deal was announced.
The owners of Paddy Power Betfair and Poker Stars have agreed to merge in a all-share deal to create one of the world's largest online betting and gambling companies, they said on Wednesday. Flutter Entertainment, formerly known as Paddy Power Betfair, said it would combine with Nasdaq- and Toronto-listed Stars Group Inc (TSG), owner of Poker Stars.