Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

8,882.00p
   
  • Change Today:
      12.00p
  • 52 Week High: 9,198.00
  • 52 Week Low: 5,525.00
  • Currency: UK Pounds
  • Shares Issued: 78.26m
  • Volume: 467,228
  • Market Cap: £6,951m
  • RiskGrade: 116
  • Beta: 0.85

Budget 2018: UK's Hammond plans to raise offshore gambling tax - report

By Frank Prenesti

Date: Monday 22 Oct 2018

LONDON (ShareCast) - (Sharecast News) - UK finance minister Philip Hammond is set to increase tax paid by offshore gambling companies in his Budget later this month, the Financial Times reported citing government aides.
Hammond reportedly wants to ramp up the remote gaming duty paid by overseas operators who offer online casino-type games such as blackjack.

The move would raise around £1bn over five years, the report stated, making up for lost revenue after the government's crackdown on fixed-odds betting terminals (FOBT).

Earlier this year the maximum FOBT stake was slashed to £2 from £100 to £2 to tackle problem gambling.

Hammond is expected to announce a range of revenue-raising measures in the October 29 Budget, as he faces growing pressure to ease austerity measures that have squeezed stagnating household incomes.

The Financial Times report stated that the gaming industry was expecting to lift the remote gaming duty to 20%-25% from 15%. The tax was originally brought in to level the fiscal playing field between UK-based gambling groups and offshore competitors.

Large operators such as Ladbrokes and William Hill have set up online operations based in Gibraltar.

"This means it's a double whammy for UK operators because they'll be hurt by the FOBT move and now this as well," the newspaper cited one unnamed industry executive as saying.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FLTR Market Data

Currency UK Pounds
Share Price 8,882.00p
Change Today 12.00p
% Change 0.14 %
52 Week High 9,198.00
52 Week Low 5,525.00
Volume 467,228
Shares Issued 78.26m
Market Cap £6,951m
Beta 0.85
RiskGrade 116

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
84.75% above the market average84.75% above the market average84.75% above the market average84.75% above the market average84.75% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average
Income Not Available
Growth
71.66% above the market average71.66% above the market average71.66% above the market average71.66% above the market average71.66% above the market average
62.86% above the sector average62.86% above the sector average62.86% above the sector average62.86% above the sector average62.86% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 8
Sell 0
Strong Sell 2
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FLTR Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 09-Oct-19 21-May-19
Amount 67.00p 133.00p

Trades for 13-Dec-2019

Time Volume / Share Price
17:08 1,150 @ 9,020.00p
16:38 1,000 @ 8,882.00p
16:38 200 @ 8,882.00p
16:36 38,749 @ 8,943.46p
16:35 935 @ 8,882.00p

FLTR Key Personnel

CEO Peter Jackson
CFO Jonathan Hill

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