|Bid||0.00 x 0|
|Ask||225.00 x 0|
|Day's Range||175.80 - 180.00|
|52 Week Range||128.45 - 206.80|
|Beta (5Y Monthly)||0.57|
|PE Ratio (TTM)||63.20|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||0.10 (5.90%)|
|Ex-Dividend Date||Oct 24, 2019|
|1y Target Est||264.08|
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.
Betting shop William Hill's profits are going to be better than expected. On Monday the group said that having "executed the remodelling strategy" in its retail business, sporting results helped boost the unit's operating profits. The early-stage US business, one of William Hill's big hopes for growth, will break even rather than make a loss of up to $20m.
William Hill, the UK bookmaker, said on Monday that its annual profits would be ahead of expectations thanks to a run of favourable sports results, particularly in racing and football. “The group has delivered a strong operating performance, ahead of our expectations and against a challenging regulatory backdrop,” said chief executive Ulrik Bengtsson in a statement. William Hill added that in the US, where 11 states passed sports betting laws last year, its business now expected to break even in 2019, where it had previously been guiding to a loss of up to $20m.
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.
William Hill said this was partly thanks to profit from its retail business exceeding a previously guided range of £50m to £70m — and this despite the closure of 700 betting shops after a regulatory crackdown on fixed-odds betting terminals. Switching horses from former boss Philip Bowcock, who was unable to land merger deals with online players, to chief digital officer, Ulrik Bengtsson, at least looks like a gamble from a company that knows its weaknesses.
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.