|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.38 - 14.51|
|52 Week Range||1.38 - 16.14|
|Beta (5Y Monthly)||1.82|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 23, 2020|
|1y Target Est||N/A|
The company, which is set to be acquired by U.S. casino operator Caesars Entertainment, estimated that shutting 100 shops for four weeks due to further local lockdowns would reduce core earnings by around 2 million pounds ($2.60 million). The betting firm said that around 10% of its betting shops are located in regions where the local COVID-19 alert level is classified as "very high" according to the government. While net revenue was down 9% for 13 weeks ended Sept. 29, the drop was lower than the 32% fall it posted for the first-half, with growth in the United States cushioning the decline.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of William Hill plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The discounted price of the (DKNG) $1.7 billion equity offering may reflect the prospect of additional stock for sale later this month, heavy marketing spending, and the recent run-up in the shares. On Wednesday, DraftKings (ticker: DKNG), the leading pure-play online sports gambling company, sold 32 million shares at $52 each, a discount relative to Tuesday’s closing price of $56.79 and appreciably below Friday’s close of $63.78, the trading session before the announcement of the equity deal. It looks as if the buyers of the offering got a good deal, as DraftKings is trading Wednesday morning at $53.84, down $2.94, or 5.2%.