|Bid||294.00 x 50500|
|Ask||284.60 x 126000|
|Day's Range||279.00 - 305.00|
|52 Week Range||239.10 - 345.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2017 - Feb 28, 2017|
|Forward Dividend & Yield||0.13 (3.99%)|
|1y Target Est||338.13|
fell as much as 12 per cent in early trading on Tuesday after a report the UK Treasury would back a cut in the maximum bet for fixed odds betting terminals to £2 within weeks. The Times newspaper reported that Philip Hammond, the British chancellor, had accepted recommendations from experts that the stake be cut to the minimum level being considered by a government review, despite a likely fall in tax revenue from the move. The government has been consulting on proposals to reduce the maximum stake on fixed odds betting terminals (FOBTs), which allow gamblers to place bets of up to £100 every 20 seconds, to between £50 and £2.
A 9.1 percent pay increase for new William Hill Plc Chief Executive Officer Philip Bowcock threatens to spark a shareholder rebellion at the U.K. bookmaking group.
While Australia is the world's second-largest regulated sports betting market, bookmakers have come under pressure from a ban on them offering or extending credit to customers. William Hill, which expanded in Australia through acquisitions in 2013, took a charge of more than 238 million pounds ($332 million) on its operations in 2017, pushing it to its first pretax loss in three years. The retreat from Australia could raise further questions about William Hill's future after it missed out on a round of consolidation in its home market.
British bookmaker William Hill Plc said on Tuesday it agreed to sell its Australia business to a unit of CrownBet for an equity value of A$313.7 million ($243.6 million) as a ban on credit betting pressured its profit in that country. The deal represents an enterprise value of A$300 million, the company said. It made up 7 percent of William Hill's total revenue and nearly 6 percent of adjusted operating profit in 2017.
William Hill, which has around 284,000 customers in Australia, said a strategic review of the business would conclude by the middle of the year. The Australian business made up 7 percent of annual revenue and near 6 percent of adjusted operating profit for William Hill in 2017. A retreat from Australia would raise further questions about the future of William Hill which has missed out on a round of consolidation in its home British market.
British bookmaker William Hill will pay 6.2 million pounds ($8.7 million) as a penalty for breaching anti-money laundering and social responsibility regulations, the Gambling Commission said on Tuesday. Failure in the company's checks meant that 10 customers deposited large sums linked to criminal offences, resulting in gains for William Hill of around 1.2 million pounds, it said. "This was a systemic failing at William Hill which went on for nearly two years and today's penalty package – which could exceed 6.2 million pounds - reflects the seriousness of the breaches," the Commission said.
The bookmakers said the limit, if confirmed, would result in job losses and shop closures, while campaigners urged the government to hold its nerve. The government said in October it would reduce the maximum stake on in-shop fixed odds betting terminals (FOBTs) to between 2 and 50 pounds from 100 to help tackle problem gambling after a consultation ending on Tuesday. William Hill and Ladbrokes Coral, which have the biggest presence on the high street, were dismayed.
European shares traded with little clear direction on Monday as markets focused on a flurry of M&A, with limited impact from the shutdown of the U.S. government and progress towards an end to political ...
Airbus was prepared to shut down production of its A380 superjumbo aircraft if it does not resolve its stand-off with the Emirates airline over a $15 billion order for the world's largest passenger jet, according to the company's outgoing sales chief John Leahy. "If we can't work out a deal with Emirates, there is no choice but to shut down the programme," Leahy said. Royal Dutch Shell Plc said it would redevelop the Penguins field northeast of the Shetland Islands, together with its partner Exxon Mobil Corp, in a project expected to cost more than $1 billion, its first major new project in the ageing basin in six years.
The company said it expected full-year adjusted operating profit for the 52 weeks to Dec. 26 to be 290 million pounds. According to Thomson Reuters I/E/B/S, analysts were on average expecting a 2017 operating profit of 271.9 million pounds. The higher-than-expected profit marks a clear recovery from 2016, when the company fired its previous chief executive.
The appointment comes at the end of a detailed search process for picking a successor for Davis, who had indicated he would step down after the 2018 AGM. Davis, who also chairs Ferguson Plc (FERG.L) and DS Smith Plc (SMDS.L), has seen William Hill walk out of talks on two potential deals in the last year including a three-way merger with bingo hall operator Rank Group Plc (RNK.L) and 888 Holdings Plc (888.L).
LONDON , Dec. 6, 2017 /CNW/ - William Hill PLC (LSE: WMH) today announced it has reached agreement with Scientific Games Corporation (NASDAQ: SGMS) to unconditionally support Scientific Games' proposed ...
On Monday, the United States Supreme Court will hear oral arguments in Christie v. NCAA--a case that could eventually lead to legalized sports gambling throughout the U.S.
Tabcorp's offer for the lottery owner was cleared by an Australian tribunal earlier this month and CrownBet has agreed not to apply for judicial review of the tribunal's decision, the company said in a statement. Under an agreement with CrownBet, Tabcorp said it will supply a digital stream of horseracing channels SKY 1 and SKY 2 to CrownBet for the personal use of its Australian wagering customers on their mobile and PC devices. CrownBet, majority-owned by casino giant Crown Resorts (CWN.AX), earlier this year began legal proceedings over the authorisation of the Tatts takeover by the Australian Competition Tribunal.