Flutter Entertainment (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

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5,834.00p
   
  • Change Today:
      24.00p
  • 52 Week High: 8,510.00
  • 52 Week Low: 5,525.00
  • Currency: UK Pounds
  • Shares Issued: 78.13m
  • Volume: 112,744
  • Market Cap: £4,558.03m
  • RiskGrade: 135
  • Beta: 0.02

Gambling Commission bans roulette-style games infringing FOBTs

By Caoimhe Toman

Date: Wednesday 03 Apr 2019

LONDON (ShareCast) - (Sharecast News) - The gambling regulator forced two bookmakers to take down two new roulette-styled games that bypassed the latest regulations in the fixed-odds betting terminals.
The new games from Paddy Power Betfair and Betfred called Pick \'n\' 36 and Virtual Cycling were introduced on Monday, the same day as the FOBT restrictions came in.

The new regulations aimed at bringing down the stake from £100 to £2 in the so-called \"crack cocaine\" betting machines.

The two roulette games were withdrawn after a Gambling Commission warning. The operators may now face regulatory action it said.

William Hill, which was also about to launch a new game, has also been warned and has reportedly abandoned its plans to release the new game.

Richard Watson, executive director for enforcement at the Commission, said: \"We have been absolutely clear with operators about our expectations to act responsibly following the stake cut implementation this week.

\"We have told operators to take down new products which undermine the changes, and we will investigate any other products that are not within the spirit and intention of the new rules.\'\'

The gambling industry said the new FOBT restrictions could see 4,500 stores shutting down and 21,000 jobs at risk.

Betfred said: \"This week betting shops have gone through a seismic change and many will no longer be viable given the new restrictions on Fixed Odds Betting Terminals.

\"In an attempt to grow our over the counter business, we\'ve therefore introduced a number of special offers on a wide range of sports, and have also revamped our virtual channel with new virtual horse-racing and a new virtual cycling game. We\'ve taken down Virtual Cycling to allow further discussion with the Gambling Commission.\"

A Paddy Power spokesman said: \"We offer our retail customers a range of number-based betting products and this game was introduced as part of a short trial in a selection of shops. This trial concluded earlier today and we will now assess the customer response and feedback before deciding whether to launch it more widely.\"

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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 5,834.00p
Change Today 24.00p
% Change 0.41 %
52 Week High 8,510.00
52 Week Low 5,525.00
Volume 112,744
Shares Issued 78.13m
Market Cap £4,558.03m
Beta 0.02
RiskGrade 135

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
85.88% above the market average85.88% above the market average85.88% above the market average85.88% above the market average85.88% above the market average
44.3% below the sector average44.3% below the sector average44.3% below the sector average44.3% below the sector average44.3% below the sector average
Income Not Available
Growth
70.57% above the market average70.57% above the market average70.57% above the market average70.57% above the market average70.57% above the market average
59.46% above the sector average59.46% above the sector average59.46% above the sector average59.46% above the sector average59.46% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 6
Sell 1
Strong Sell 2
Total 13
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
  Final Interim
Ex-Div 11-Apr-19 23-Aug-18
Paid 21-May-19 24-Sep-18
Amount 133.00p 67.00p

Trades for 18-Jun-2019

Time Volume / Share Price
16:35 30,254 @ 5,834.00p
16:29 9 @ 5,822.00p
16:29 69 @ 5,818.00p
16:29 47 @ 5,818.00p
16:29 4 @ 5,818.00p

FLTR Key Personnel

CEO Peter Jackson
CFO Jonathan Hill

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