Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

7,520.00p
   
  • Change Today:
      50.00p
  • 52 Week High: 8,164.00
  • 52 Week Low: 5,525.00
  • Currency: UK Pounds
  • Shares Issued: 78.22m
  • Volume: 748,012
  • Market Cap: £5,882m
  • RiskGrade: 151
  • Beta: 0.10

Gambling stocks stumble as US reverses online betting ruling

By Duncan Ferris

Date: Tuesday 15 Jan 2019

LONDON (ShareCast) - (Sharecast News) - UK gambling stocks that have expanded across the Atlantic took a hit on Tuesday after the US Department of Justice moved to tighten regulations on online gambling.
The department's reversal of a 2011 ruling that the only form of online gambling classed as illegal was sports betting has resulted in William Hill, Paddy Power Betfair, GVC Holdings and 888 Holdings all dropping by between 1.5% and 7.6%.

The department's assertion that the 2011 ruling was a misinterpretation of the 1961 Wire Act will likely be tested in courts and could affect the sale of online state lottery tickets states and casinos that offer online gambling.

The move is a particular blow to UK outfits as several have already made deals to expand into the US market after a May ruling by the Supreme Court appeared to pave the way for legalised sports betting in a number of states, potentially even nationwide.

William Hill signed a 25-year sports betting deal with Eldorado Resorts in September for example, while GVC Holdings partnered with MGM Resorts to set up a US-based online betting platform.

UK gambling companies have found foreign expansion increasingly enticing after facing increased regulation at home, with the recent cap on stakes on fixed odds betting terminals in the UK expected to cut annual revenue by as much as £1.8bn.

The Department of Justice had been lobbied to reconsider the 2011 ruling by billionaire casino executive Sheldon Adelson, a close friend of President Donald Trump.

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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 7,520.00p
Change Today 50.00p
% Change 0.67 %
52 Week High 8,164.00
52 Week Low 5,525.00
Volume 748,012
Shares Issued 78.22m
Market Cap £5,882m
Beta 0.10
RiskGrade 151

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
84.68% above the market average84.68% above the market average84.68% above the market average84.68% above the market average84.68% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Income Not Available
Growth
70.78% above the market average70.78% above the market average70.78% above the market average70.78% above the market average70.78% above the market average
61.64% above the sector average61.64% above the sector average61.64% above the sector average61.64% above the sector average61.64% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 8
Sell 0
Strong Sell 1
Total 12
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 18-Oct-2019

Time Volume / Share Price
17:12 1,000 @ 7,499.37p
16:38 25 @ 7,520.00p
16:37 35,680 @ 7,504.82p
16:35 122,667 @ 7,520.00p
16:29 104 @ 7,502.00p

FLTR Key Personnel

CEO Peter Jackson
CFO Jonathan Hill

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