Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

10,280.00p
   
  • Change Today:
    -320.00p
  • 52 Week High: 10,680.00
  • 52 Week Low: 5,512.00
  • Currency: UK Pounds
  • Shares Issued: 224.53m
  • Volume: 1,187,012
  • Market Cap: £23,082m
  • RiskGrade: 294

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 10,280.00p
Change Today -320.00p
% Change -3.02 %
52 Week High 10,680.00
52 Week Low 5,512.00
Volume 1,187,012
Shares Issued 224.53m
Market Cap £23,082m
RiskGrade 294

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.54% below the market average88.54% below the market average88.54% below the market average88.54% below the market average88.54% below the market average
88.57% below the sector average88.57% below the sector average88.57% below the sector average88.57% below the sector average88.57% below the sector average
Price Trend
82.83% above the market average82.83% above the market average82.83% above the market average82.83% above the market average82.83% above the market average
94.52% above the sector average94.52% above the sector average94.52% above the sector average94.52% above the sector average94.52% above the sector average
Income
62.92% below the market average62.92% below the market average62.92% below the market average62.92% below the market average62.92% below the market average
95.56% below the sector average95.56% below the sector average95.56% below the sector average95.56% below the sector average95.56% below the sector average
Growth
71.08% above the market average71.08% above the market average71.08% above the market average71.08% above the market average71.08% above the market average
31.43% below the sector average31.43% below the sector average31.43% below the sector average31.43% below the sector average31.43% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 7
Sell 2
Strong Sell 1
Total 15
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 29-May-2020

Time Volume / Share Price
16:50 2,217 @ 10,372.09p
16:50 93 @ 10,368.85p
16:50 293 @ 10,377.86p
17:11 1,000 @ 10,600.00p
17:06 10,624 @ 10,280.00p

FLTR Key Personnel

Chair Gary McGann
CEO Peter Jackson
CFO Jonathan Hill

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