Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

8,710.00p
   
  • Change Today:
      46.00p
  • 52 Week High: 8,924.00p
  • 52 Week Low: 5,525.00p
  • Currency: UK Pounds
  • Shares Issued: 78.26m
  • Volume: 93,003
  • Market Cap: £6,817m
  • RiskGrade: 121
  • Beta: 0.85

Labour calls for further crackdown on bookmakers

By Oliver Haill

Date: Friday 01 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Bookmakers could have to restrict the size of bets and put in place systems to stop punters betting more than they can afford, if the UK's Labour party has its way.
One of the main supporters of last year's crackdown on bookmakers' fixed-odds betting machines, Labour deputy leader Tom Watson on Friday called for a further clamp-down, saying current regulations on online casinos and bookmakers are not preventing "gross excesses, abuse and vulnerable problem-gamblers being let down".

"Whereas gambling in the offline world is highly regulated, the lack of controls on online gambling is leading to vulnerable consumers suffering huge losses," according to a pre-released version of his speech leaked to the Guardian.

"Online gambling companies have a responsibility to protect their customers from placing bets that they cannot afford."

Following the move to slash the maximum stakes on FOBTs from £100 to £2, which will begin in April, Watson suggested there should also be stricter limits for stakes placed online, with research claiming that smartphone gambling apps are more of a threat than FOBTs, which were dubbed the 'crack cocaine of gambling'.

Watson also called for online casinos to perform affordability checks, analysing whether customers have enough money to make high-stakes wagers.

Gambling companies have been looking to set up a new trade body to lobby politicians against tougher regulations in the industry.

Broker Peel Hunt said regulation was the "key wildcard" for the sector's listed operators, including Paddy Power Betfair, William Hill and Ladbrokes owner GVC.

Following reports on Watson's speech, analysts said there "appears to be no loss of negative regulatory momentum".

They added: "The industry appears to be trying to build a political response, a new representative organisation is looking for a Chair and CEO but it will take time to have a chance of influencing the agenda."

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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 8,710.00p
Change Today 46.00p
% Change 0.53 %
52 Week High 8,924.00p
52 Week Low 5,525.00p
Volume 93,003
Shares Issued 78.26m
Market Cap £6,817m
Beta 0.85
RiskGrade 121

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
84.95% above the market average84.95% above the market average84.95% above the market average84.95% above the market average84.95% above the market average
78.08% above the sector average78.08% above the sector average78.08% above the sector average78.08% above the sector average78.08% above the sector average
Income Not Available
Growth
71.82% above the market average71.82% above the market average71.82% above the market average71.82% above the market average71.82% above the market average
63.38% above the sector average63.38% above the sector average63.38% above the sector average63.38% above the sector average63.38% 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 06-Dec-2019

Time Volume / Share Price
16:35 516 @ 8,710.00p
16:35 60 @ 8,710.00p
16:35 17,573 @ 8,710.00p
16:29 20 @ 8,702.00p
16:29 10 @ 8,700.00p

FLTR Key Personnel

CEO Peter Jackson
CFO Jonathan Hill

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