Tag Archives: FTSE

FTSE250 gambling technology group Playtech Plc has this morning published its latest trading update informing investors that the company is on track to deliver its 2018 expected EBITDA range of €320-360 million. Issuing a short market guidance, Playtech governance details that its B2B Gaming Division continues to trade in line with the trends reported for its interim results in August, generating …

William Hill Chief Executive Philip Bowcock has stated to investors that his tenure will reshape the UK legacy bookmaker into a ‘digitally led and internationally diverse gambling business’. Speaking at the FTSE firm’s ‘Capital Markets Day’, Bowcock outlines the three strategic areas that will drive William Hill’s corporate turnaround, seeking to completely transform the bookmaker by: – Driving digital growth …

FTSE bookmaker William Hill has announced the seven finalists that will compete for its 30th ‘Sports Book of the Year’ (SBOTY) award, hosted at BAFTA London on 27 November 2018. The final seven examine the sports of boxing, darts, football, golf, rugby, swimming and competing at the Olympic Games. The diverse shortlist sees a historian, a gonzo writer, two investigative …

Publishing its interim 2018 results (six-month period ending 30 June), FTSE-listed GVC Holdings displays its enlarged capacity as digital and European growth helps override tough UK retail trading conditions. Presenting its first report incorporating the assets of Ladbrokes Coral (acquisition officially completed on 28 March 2018), GVC records group revenues of £1.1 billion. In its report, GVC governance highlights its …

Renowned activist investor Jason Ader has stated to Playtech Plc governance, that the FTSE250 technology group should refocus on its gambling foundations, over expanding its subsidiary divisions. During  2018, Ader’s Springowl hedge fund has accumulated a $100 million stake in Playtech Plc, seeking to grow its influence on shareholders and the firm’s board of directors. Speaking to Reuters International, Ader …

FTSE250 industry technology group Playtech Plc has confirmed this morning that it will sell its entire holding of ordinary shares in CFD trading platform Plus500. Updating investors, Playtech governance has sanctioned the sale of 11.4 million shares in Plus500, targeting a sale price of ‘1,550 pence per ordinary share’ – £176 million (€196m/$228m). Playtech’s current holding represents approximately 10% of Plus500’s issued …

US Tech news source Recode has reported that FanDuel enterprise co-founder Nigel Eccles (former CEO) is preparing to take Paddy Power Betfair (PPB) to court, regarding its $465 million takeover of FanDuel completed in July 2018. Eccles representatives have filed a Scottish court order against PPB, representing four of FanDuel’s enterprise co-founders; Nigel Eccles, wife Lesley Eccles (former CMO), Tom …

FTSE100 betting group Paddy Power Betfair Plc (PPB) has readjusted its full-year 2018 underlying EBITDA to be between £460 – 480 million range, detailing that its momentum will be impacted by the introduction of ‘new taxes in Australia and costs incurred by its acquisition of US fantasy sports operator FanDuel’. Despite the cost adjustments, PPB governance declares positive interim H1 …

FTSE-listed betting group William Hill Plc has confirmed the appointment of Sharon Otterman as Chief Marketing Officer (CMO) of its US division. A seasoned media executive, Otterman joins William Hill US senior leadership team from The Madison Square Garden Company, where she held the position of Executive Vice President for Marketing, leading the digital strategies of MSG venues and their …

Further to presenting William Hill’s new corporate objective ‘Nobody Harmed by Gambling’, Group Chief Executive Phillip Bowcock has penned an open letter to investors and sector stakeholders detailing William Hill’s enhanced initiatives on social responsibility and sector sustainability. Bowcock outlines that the industry must undertake a new approach in combating gambling harm in order to regain public trust… ______ “We …