Bookmakers Shares Slide After Fixed-Odds Betting Review

Shares in William Hill and Ladbrokes Coral fell over 10% on Monday after reports the Government will slash the maximum bet for fixed-odds betting terminals

David Brenchley 22 January, 2018 | 2:17PM
Facebook Twitter LinkedIn

Ladbrokes has claimed the move will hit profits and lead to shop closures and job losses

Shares in the two main high-street bookmakers fell more than 10% on Monday, following a report in The Sunday Times over the weekend that the Government was set to reduce the maximum amount punters can bet on fixed-odds betting terminals (FOBTs) to £2.

William Hill (WMH) and Ladbrokes Coral (LCL) share prices slumped by up to 15% and 13% respectively in morning trading. Online rivals GVC (GVC) and Paddy Power Betfair (PPB) also felt the wrath of investors, slipping 5.6% and 2.7% respectively.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
ASI UK Unconstrained Equity P1 Acc138.60 GBP-0.14Rating
Entain PLC2,210.00 GBP0.00
Fidelity Special Values Ord289.54 GBP-1.18
Flutter Entertainment PLC15,365.00 GBP0.00
Jupiter UK Special Situations I Acc263.28 GBP-0.29Rating
LF Majedie UK Equity X Acc2.00 GBP-0.45Rating
Mercantile Ord276.04 GBP-1.24Rating
Schroder Income Maximiser Z Acc0.90 GBP-0.07Rating
Schroder Recovery Z Acc1.25 GBP0.08Rating

About Author

David Brenchley

David Brenchley  is a Reporter for

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement