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

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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity Special Values Ord266.01 GBP-0.74
Flutter Entertainment PLC8,618.00 GBP0.00
GVC Holdings PLC824.20 GBP0.00
Jupiter UK Special Situations I Acc247.40 GBP-0.95
LF Majedie UK Equity X Acc1.80 GBP-1.05
Mercantile Ord270.03 GBP-1.09
Schroder Income Maximiser Z Acc85.47 GBP-1.29
Schroder Recovery Z Acc109.22 GBP-1.16
SLI UK Equity Unconstrained Plat 1 Acc109.42 GBP-1.42
William Hill PLC180.65 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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