|Bid||64.42 x 0|
|Ask||65.94 x 0|
|Day's Range||60.70 - 70.78|
|52 Week Range||28.63 - 206.80|
|Beta (5Y Monthly)||0.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 23, 2020|
|1y Target Est||264.08|
William Hill announced earlier in February that Adrian Marsh, Finance Director at DS Smith, would join the company later in the year and help steer it through regulatory hurdles in its home market. Ruth Prior, who is currently serving her notice period at William Hill and was also set to make a move to the private equity sector by joining Element Materials Technology, will continue in the CFO role.
The league was postponed after Arsenal manager Mikel Arteta and Chelsea player Callum Hudson-Odoi tested positive for coronavirus
The owners of gambling brands Paddy Power, Betfair, Ladbrokes and William Hill warned on Monday of a big hit to earnings because of an unprecedented shutdown of global sports events caused by the coronavirus, hammering shares across the sector. Flutter Entertainment Plc, which operates the Paddy Power and Betfair brands, estimated that it would face a 90 to 110 million pound ($111 million-$136 million) impact on full-year earnings if curbs on sports fixtures remained in place until the end of August. GVC Holdings Plc, owners of the Ladbrokes betting shop chain, said its full-year core earnings may be reduced by 130-150 million pounds because of fewer sports fixtures.
Flutter agreed in October to buy Toronto-listed TSG in a $6 billion share deal that is set to create the world's largest online betting and gambling company by revenue upon its expected completion in the second or third quarter of 2020. Earnings across betting firms have been squeezed by the imposition of betting tax increases across developed markets such as Britain, Ireland and Australia, where Flutter made most of its 2.1 billion pounds in revenue last year.
William Hill posted annual profit at the top end of the company’s expectations on Wednesday as a recent round of favourable sporting results for the British bookmaker boosted results at the end of a year hit by the closure of hundreds of its high street shops. The company, which recently struck an online deal with CBS Sports, said adjusted operating profit from existing operations fell 37% to 147 million pounds ($191 million), following the implementation of the 2 pound stake limit on slot machines.
Marsh will join William Hill later this year, taking over from Ruth Prior whose departure was announced last month. William Hill has aggressively expanded into the United States, and recently announced a digital partnership with CBS Sports, giving the British betting firm a platform for brand promotion and access to customers of the U.S.-based company. British betting companies have been pivoting to the United States after the U.S. Supreme Court overturned a federal ban on sports betting, while proposed regulatory curbs in the UK are posing a challenge to gambling firms at home.
The booming U.S. sports betting market could be worth $5 billion in profits with three British betting stocks set to soar as a result, according to Jefferies.
ViacomCBS is partnering with William Hill, giving the media giant's CBS Sports unit access to the U.K. sports-book operator's betting odds and other gambling data.
The following are the top stories on the business pages of British newspapers. - The troubled FTSE 100 private hospitals group NMC Health said that its co-chairman Bavaguthu Raghuram Shetty and his advisers were in the process of a legal review to verify his total interests in the company along with those of associated family members and family holding companies. - In the first official confirmation that the government is going to impose trade barriers post-Brexit, senior British minister Michael Gove has told businesses that trade with Europe they need to prepare for "significant change" with "inevitable" border checks for "almost everybody" who imports from the EU from next year.
ViacomCBS’ sports division will join with U.K. bookmaker William Hill on creating sports betting content across its digital and television platforms.
More states have legalized betting on games, and the industry is pushing wagering over mobile phones. How investors can play the trend.
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.
Shares of U.K. gambling companies including 888 Holdings , William Hill and Flutter Entertainment lost ground Tuesday as the U.K. Gambling Commission announced it would ban them from accepting payments on credit cards. The commission cited data showing 800,000 U.K. customers use credit cards to gamble and 22% of online gamblers who use credit cards to gamble are classed as problem gamblers. The ban is due to go into effect on April 14.
William Hill PLC said Monday that full-year adjusted operating profit is expected to be ahead of market and management expectations, and that Chief Financial Officer Ruth Prior intends to step down.
British bookmaker William Hill on Thursday posted slightly higher revenue in the fourth months since its first-half results, benefiting from higher online gambling demand and its aggressive expansion in the United States. The company is focusing on its online business in light of new rules, which cut the maximum stake allowed to 2 pounds from 100 pounds on high-speed slot machines. William Hill has also closed about 700 shops and is stepping up its push in the U.S.
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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.