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ShInvestors Still Like FOBT Stock Shares
Wednesday April 30,2014 : INVESTORS STILL LIKE BOOKIE SHARES
Despite the media doom and gloom over betting shops and FOBTs, shares are on the way up.
Investors could be forgiven for having reservations about buying shares in British bookmaking companies after the past few weeks of media and activist bashing on betting shop proliferation and fixed odds betting terminals, but in fact industry rumours and looking on the brighter side are pushing share prices back up.
Reuters reported Tuesday that suggestions that the government crackdown on betting shops and maximum betting levels on FOBTs had a more positive side and mitigated earlier fears of severe impacts.
And in the case of Ladbrokes, the persistent industry rumours that Paddy Power is working with private equity companies with the goal of acquiring the major online and land betting group boosted interest in the company.
Ladbrokes, along with other key players in the bookmaking sector, may also benefit from the veto power handed to local councils regarding the licensing of betting shops; analysts have pointed out that this is a restriction that will have benefits for already established companies, because it will make it harder for new competitors to expand into their High Street business areas.
More optimism has also been generated by suggestions from reliable sources that the government's crackdown on FOBTs may not be as severe as was first thought. Instead of chopping the maximum bet possible, it now appears that the government will be satisfied if an alternative regime is introduced whereby punters will have to interact with betting shop staff if they want to bet more than GBP 50 on the terminals.
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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