Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

11,395.00p
   
  • Change Today:
    135.00p
  • 52 Week High: 11,465.00
  • 52 Week Low: 5,512.00
  • Currency: UK Pounds
  • Shares Issued: 154.34m
  • Volume: 62,476
  • Market Cap: £17,587m
  • RiskGrade: 289

MPs accuse bookies of 'cheating' FOBT rules with roulette-style games

By Caoimhe Toman

Date: Tuesday 02 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Bookmakers have been accused of violating new rules on fixed-odd betting terminals after an investigation found that high-stakes roulette-styled games were launched on the same day as the restrictions on the machines were implemented.
A reduction in FOBT stakes from £100 to £2 was introduced on Monday to try to curb addiction to gambling and reduce the huge losses experienced by addicts.

But less than 48 hours after, an investigation by the Guardian newspaper revealed high street firms were bypassing the law with new products.

The new games launched by bookmakers Betfred and Paddy Power prompted condemnation from campaigners who say they are seeking to circumvent the spirit of the rules.

These new roulette-styled games allow gamblers to place bets with a maximum stake of £500 in some cases.

A spokesman for Betfred said: "Bets for all these products need to be filled out on a betting slip and handed over at the counter, where our staff can interact with the customers as they do so. These are not machine games but over-the-counter bets."

Sports minister Mims Davies said: "We cut FOBT stakes to £2 to protect vulnerable people from gambling-related harm, and operators should respect both the letter and the spirit of that change.

"We are watching very closely to see how the industry reacts to this measure and will not hesitate to act if we see evidence of harm."

Labour's shadow culture minister, Tom Watson, said: "These new games seem like FOBTs by the back door and look like a pretty disgraceful example of bad faith by the bookmakers involved. They appear to be trying to cheat the system.

"The gambling industry fought FOBTs reform tooth and nail, never accepting the terrible social harm they caused. They clearly haven't learned any lessons - if they won't reform themselves a Labour government is determined to do it for them."

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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 11,395.00p
Change Today 135.00p
% Change 1.20 %
52 Week High 11,465.00
52 Week Low 5,512.00
Volume 62,476
Shares Issued 154.34m
Market Cap £17,587m
RiskGrade 289

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.91% below the market average88.91% below the market average88.91% below the market average88.91% below the market average88.91% below the market average
91.43% below the sector average91.43% below the sector average91.43% below the sector average91.43% below the sector average91.43% below the sector average
Price Trend
83.24% above the market average83.24% above the market average83.24% above the market average83.24% above the market average83.24% 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
64.02% below the market average64.02% below the market average64.02% below the market average64.02% below the market average64.02% below the market average
95.45% below the sector average95.45% below the sector average95.45% below the sector average95.45% below the sector average95.45% below the sector average
Growth
71.28% above the market average71.28% above the market average71.28% above the market average71.28% above the market average71.28% above the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 8
Sell 1
Strong Sell 1
Total 16
buy
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 05-Jun-2020

Time Volume / Share Price
10:06 50 @ 11,395.00p
10:06 26 @ 11,395.00p
10:06 50 @ 11,395.00p
10:06 17 @ 11,390.00p
10:06 29 @ 11,390.00p

FLTR Key Personnel

Chair Gary McGann
CEO Peter Jackson
CFO Jonathan Hill

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