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ANALYST CONSIDERS WILLIAM HILL ONLINE SITUATION
Monday, October 24,2011 : Attitude of Israeli core marketing team critical for WHO
With the friction and worker actions involving William Hill Online still rumbling on in Tel Aviv, Manila and Bulgaria, London brokers Numis Securities issued a note Friday giving their take on the situation, at the same time adding to William Hill's falling share price woes by reducing their "hold" recommendation to "reduce."
The note points out that the core of the online marketing team in Israel appears to have walked out, and opines: "If they don't come back it will, in our view, have a material negative impact on the growth of William Hill Online.
“This dispute highlights a weakness in the deal which established WHO. The staff which create the greater part of the value are highly mobile and have loyalties to each other, rather than to William Hill.
"We have always been concerned that WHO would suffer staff defections after William Hill had bought out Playtech. Even if the current situation is quickly resolved we believe it serves to highlight the uncertain future for WHO.”
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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