|Bid||5,860.00 x 13400|
|Ask||5,865.00 x 13300|
|Day's Range||5,835.00 - 5,895.00|
|52 Week Range||5,390.00 - 9,180.00|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||24.31|
|Forward Dividend & Yield||2.00 (3.51%)|
|1y Target Est||6,690.83|
GVC denied suggestions that the sell-off prompted implied that the pair were looking to move on from the company, saying it was done to “satisfy an institutional buyer”. “The two directors have pledged not to sell any more while they ‘continue’ at GVC. The directors’ sales followed GVC’s announcement this week of a third consecutive full-year loss for 2018.
European Equities Market Talk Roundup 1301 GMT - RELX could lose scientific-journal contracts in Ireland and Norway after the University of California terminated its agreement with the company’s Elsevier division last week, Credit Suisse says.
Because that is what overpaid branding consultants do: they suggest that a single word can change the public perception of how a business makes its money. Sadly for corporate cynics and gambling critics, this is not how Paddy Power’s decision came about. Paddy Power has been one of the first movers into a liberalising US betting market, striking deals for fantasy sports websites Draft and FanDuel and gaining a 35 per cent market share in New Jersey in five months.
Paddy Power Betfair plans to rename as Flutter Entertainments to reflect its growing number of brands, the Irish-headquartered bookmaker said on Wednesday after announcing full year profit at the upper end of its guided range. The company in May agreed to merge its U.S. business with fantasy sports company FanDuel and in February bought a 51 percent stake in Adjarabet, an online betting and gaming company based in Georgia. "With a growing portfolio of brands, we plan to rename the Group as Flutter Entertainment plc," Chief Executive Peter Jackson said in a statement.
In the year to December 31, Paddy Power’s sales rose 9 per cent to £1.9bn, while pre-tax profit declined 11 per cent to £219m because of the impact of investing in the US. The new name comes from a dotcom business bought by Betfair in 2001 before it later merged with Paddy Power. According to chief executive Peter Jackson, it is to recognise the increased number of brands in the company as “it’s confusing enough when Paddy Power and Betfair compete”.
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.
Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:00 a.m. ET.
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.