- Gambling Review measures less onerous than feared - Rank directly benefits from increased gambling machines - White paper expected in coming weeks The long-awaited Gambling Review white paper was leaked to The Times newspaper this week and if proven accurate should provide a lift for a gambling sector that had been expecting more stringent measures. Casino and bingo operator Rank ...

- Raising £1.7 billion of debt to finance William Hill International acquisition - Transformational deal catapults it into top 3 position in UK, Spain - Underlying trading in line with expectations Online betting and gambling company 888 Holdings (888) said it expects to close the purchase of William Hill International on 1 July and was raising £1.7 billion of debt to help fund the ...

Three key factors look set to dominate the UK gambling sector in the coming years: big global dealmaking; a continued shift towards online gaming and an increased  regulatory burden. In this feature we take a closer look at the individual stocks in this space and highlight potential winners and losers. We will focus in particular on Flutter Entertainment (FLTR), Entain ...

Online gaming and betting company 888 Holdings (888) saw first quarter revenues through March 2022 fall 18% to $215 million compared with a record prior year performance. The temporary exit from the Netherlands and a ‘heightened focus’ on safer gambling resulted in average monthly actives declining by 8% year-on year. Gaming revenues which represent 85% of total income proved more ...

Online gaming and sports betting company 888 (888) delivered record revenues for the year to December 2021, up 15.4% to $980.1 million with adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) coming in 6% higher at $165 million. While the performance was impressive, it was already baked into market expectations. In addition, looming uncertainties ahead of a UK ...

UK stocks edged lower on Wednesday after the latest UK inflation reading came in higher than expected, stoking concerns that interest rates might rise, with the FTSE 100 off 0.19% at 7,205.20 early on. The UK consumer price index rose by 5.1% in November, above expectations for a 4.8% increase and marking the highest annual increase in a decade, putting renewed pressure on the Bank of England ...

UK stocks rallied on Wednesday, regaining much of the previous day's losses along with European and US markets as fears surrounding the latest Covid strain eased. Travel and leisure stocks International Consolidated Airlines  (IAG) and Whitbread (WTB) traded higher, while energy stocks BP (BP.) and Royal Dutch Shell (RDSB) were also well bid as oil prices rebounded. Telecom firm BT ...

UK stocks rallied on Wednesday despite US stocks falling overnight after Federal Reserve chair Jerome Powell suggested inflation was no longer transitory and hinted that tapering of financial stimulus would have to go ahead no matter the impact of the Omicron variant of Covid-19. Travel and leisure stocks International Consolidated Airlines  (IAG) and Whitbread (WTB) were the top ...

London’s FTSE 100 firmed 1.24% to 7,146.73 points early on Wednesday, despite US stocks falling overnight after Federal Reserve chair Jerome Powell suggested inflation wasn’t transitory after all and hinted that tapering of financial stimulus would have to go ahead no matter the impact of the Omicron variant of Covid-19. Although the combination of a Covid-related knock to growth, reduction ...

The FTSE 100 finished Tuesday’s trading session 0.71% lower at 7,059.45 points and the FTSE 250 index shed 1.04% to 22,519.72, as markets continued to worry about the potential impacts of the ominously-named new Covid variant, Omicron. Sentiment weakened after Moderna chief executive Stephane Bancel cast doubts over the efficacy of existing vaccines against the coronavirus variant, although ...

UK equity markets continued to drift lower on Tuesday. The blue chip FTSE 100 index fell 1.2% to 7,024, and its mid-cap FTSE 250 index counterpart lost 0.9% at 22,556. Markets continue to exercise caution regarding the potential impacts of the new Covid variant Omicron. Sentiment weakened after Moderna chief executive Stephane Bancel cast doubts over the efficacy of existing vaccines against ...

Stocks rallied in afternoon trading almost taking the FTSE 100 back to last Friday's year-high. After a great deal of intra-day sector rotation, consumer staples and travel stocks littered the loser board while healthcare and financial stocks dominated the leader board. Despite its heavy weighting in export-driven companies and the rally in sterling, which advanced as much as 1% intra-day to ...

Stocks traded sideways at lunchtime despite a strong showing from US technology stocks which fed through into Asian trading overnight. Gains in miners were offset by falls in travel, leisure and retail stocks as strength in energy and commodities stoked fears of a Christmas rate rise, which in turn drove the pound higher. At midday the FTSE 100 was virtually flat at 7,208 points while ...

Shares in online gambling firm 888 (888) dropped 1.8% to 408.6p on Tuesday after third quarter growth stalled in the face of tough 2020 comparatives. In the consumer facing divisions (87% of total revenues) sales for the quarter through September grew 7% year-on-year to $220.3, led by a strong performance in gaming up 11% to $193.5 million offset by a decline in betting revenues which declined ...

UK stocks regained some poise on Tuesday helped by a strong showing from US technology stocks which fed through into Asian trading overnight with Japan’s Nikkei 225 and Shanghai Composite indices both gaining close to 1%. The big five US tech names - Alphabet, Apple, Amazon, Facebook and Microsoft - all made gains overnight, adding between 1% and 3%. Brent crude prices were 0.3% higher at ...

Shares in Ladbrokes owner Entain (ENT) surged 6% to a new all-time high of £24 on Wednesday after the company said it had received a second takeover approach from US fantasy sports company DraftKings at £28 per share. Todays share price spike takes the two-day gain to 24% while the latest offer price represents a 46.2% premium to the undisturbed share price. The board of Entain rejected an ...

London’s FTSE 100 started Thursday in downbeat fashion, falling 1.1% to 7,016 points after weakness in Asian and US markets overnight, which reflected mounting fears about the impact of the Delta variant on the global economy. Energy, financials and miners were among the worst performing sectors as the blue chip benchmark experienced a third straight day of declines on global growth ...

Gambling company 888 Holdings (888) has this morning announced the launch of SI Sportsbook, a new branded betting experience in Colarado. The shares nudged-up 0.4% to 408.2p. SI Sportsbook combines 888’s proprietary technology with Sports Illustrated brand to offer a differentiated in play betting market, specifically designed for the American market. The Sports Illustrated partnership ...

  Shares in on-line gambling company 888 Holdings (888) gained 3.3% to 421p after announcing record interim results and raising annual earnings guidance. Pre-tax profits for the six months to the end of June, increased from $50.9 million to $57.9 million on a year on year basis as  revenues increased by 39% to $528.4m. The interim dividend was increased by 41% to 4.5 cents per ...

Despite mixed trading in Asia overnight, London’s FTSE 100 returned to life on Wednesday as summer holidays came to an end with the index up 0.7% to 7,171.68 points early on. Mining was the only sector to struggle after metal prices took a hit, with investors showing greater interest in the oil and gas sector where commodities prices were stronger. CORPORATE NEWS Magazines, books and ...