|Bid||6,100.00 x 13400|
|Ask||8,595.00 x 13300|
|Day's Range||6,145.00 - 6,265.00|
|52 Week Range||6,000.00 - 9,180.00|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||24.32|
|Forward Dividend & Yield||2.02 (3.07%)|
|1y Target Est||6,690.83|
The betting odds have shifted sharply towards British Prime Minister Theresa May surviving a no-confidence vote on Wednesday after a leadership contest was called by lawmakers upset by her handling of Britain's planned exit from the European Union. The shift comes after a flurry of bets that she will win the vote and more than half of her Conservative Party lawmakers publicly backed the prime minister, meaning she would survive and cannot be challenged again for another year. The likelihood that May will the win the vote has risen to 89 percent, according to bookmakers William Hill, Paddy Power and Ladbrokes.
Voluntary deal reached to stop showing betting adverts during live soccer broadcasts. Major bookmakers, including Paddy Power and Ladbrokes spend between up to £50 ($63.7 million) million on television advertising per year. Television advertising helped the U.K. gambling industry see £5.35bn ($6.82 billion) wagered online during in 2017.
The National Hockey League on Monday announced that FanDuel Group, a unit of Paddy Power Betfair PLC, would be an official sports betting partner. The multi-year, non-exclusive deal comes on the heels of an agreement between the NHL and another official sports wagering partner, MGM Resorts International, announced Oct. 29. The New Jersey Devils also partnered with FanDuel, making it the company's first sports betting deal with an NHL team.
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Paddy Power Betfair (PPB.I), (PPB.L) lifted the bottom end of its full year earnings guidance range on Friday as a strong performance in its main online business outweighed a run of unfavourable sports results in the third quarter. It narrowed that range, which excludes losses at its newly merged U.S. sports betting business, to 465-480 million pounds after third quarter revenue grew by 12 percent and earnings were flat, pushing its shares up 1.8 percent by 0850 GMT. In Europe, the encouraging momentum that we saw in Q2 accelerated further, with online revenue up 15 percent," Chief Executive Peter Jackson said in a statement, crediting investments in products and marketing.
DraftKings CEO Jason Robins speaks candidly on how the company always planned to offer gambling and could expand into live media.
DraftKings is gearing up for the new season of fantasy football, but betting is where the excitement lies—and where DraftKings sees its future.
Shares of Paddy Power Betfair plc (ISE:PPB) will begin trading ex-dividend in 2 days. To qualify for the dividend check of UK£0.67 per share, investors must have owned the sharesRead More...
Paddy Power Betfair (PPB.I), (PPB.L) cut its full-year outlook due to the introduction of additional taxes and losses from its growing U.S. business, even as earnings and revenue grew at a much faster rate in the second quarter. Paddy Power Betfair warned in May that profit growth could stall this year after earnings fell in the first quarter on higher taxes and a subdued performance in its main European online business. It said on Tuesday it expected underlying EBITDA of 460-480 million pounds, before the impact of U.S. sports betting, as recent positive momentum was offset by continued weakness in horse-racing revenues at its Betfair exchange, new Australian taxes and the inclusion of the FanDuel operations in the U.S.
Casino operator Boyd Gaming Corp and fantasy sports company FanDuel Group on Thursday said they were joining in a strategic partnership to run online and mobile sports betting operations in the United States. The partnership comes after other recent agreements that broaden the reach and size of major players in the new U.S. legal sports betting market, which is beginning to take shape in the wake of a May court decision allowing states to legalize the wagers. On Monday, Boyd had also announced a separate deal with MGM Resorts International, to help bolster U.S. market access.
DraftKings and FanDuel, the leading DFS platforms, are both jumping into sports betting after a favorable change in the law.
Paddy Power Betfair (PPB.L) and FanDuel confirmed today that they have closed their previously announced merger, combining Paddy Power Betfair’s US businesses with FanDuel. The new company embodies the strengths of TVG, Betfair US and FanDuel and brings together the brilliant talent, technological expertise, and shared resources to capture the US market opportunity in front of us,” said FanDuel CEO Matt King, who will serve as CEO of FanDuel Group.
Attractive stocks have exceptional fundamentals. In the case of Paddy Power Betfair plc (ISE:PPB), there’s is a highly-regarded dividend payer that has been able to sustain great financial health overRead More...