William Hill PLC (WMH.L)
16 Nov 2018
Latest Key Developments (Source: Significant Developments)
Oct 30 (Reuters) - Fitch ::FITCH SAYS GAMING EARNINGS UNDER PRESSURE FROM UK BUDGET CHANGES.FITCH SAYS REGULATION OF GAMING ACTIVITIES TIGHTENED RECENTLY, ESPECIALLY IN UK, BUT IT DOES NOT EXPECT FURTHER MAJOR CHANGES IN FORESEEABLE FUTURE.FITCH SAYS BELIEVE LARGEST GAMING COMPANIES IN UK HAVE CAPACITY TO ABSORB INCREASED DUTY.FITCH SAYS EXPECT ONLINE GAMING MARKET IN UK TO POST CONTINUOUS GROWTH, WHICH WILL MITIGATE IMPACT.FITCH SAYS RETAIL GAMING SEGMENT IN UK MAY EXPERIENCE SOME MARGINAL REGULATORY TIGHTENING.FITCH SAYS ESTIMATES THAT UK GOVERNMENT'S NEW REMOTE GAMING DUTY MEASURE COULD LEAD TO 10%-12% REDUCTION IN EBITDA FOR PADDY POWER BETFAIR AND WILLIAM HILL. Full Article
May 17 (Reuters) - UK's Department for Digital, Culture, Media & Sport::CONSULTATION ON PROPOSALS FOR CHANGES TO GAMING MACHINES AND SOCIAL RESPONSIBILITY MEASURES.REDUCING THE MAXIMUM STAKE ON B2 GAMING MACHINES (FOBTS) FROM £100 TO £2.MAINTAINING THE STATUS QUO ON STAKES, PRIZES AND ALLOCATIONS FOR ALL OTHER GAMING MACHINES.IMPROVING PLAYER PROTECTIONS ON CATEGORY B MACHINES, TO BE TAKEN FORWARD BY THE GAMBLING COMMISSION.RESPONSE TO CONSULTATION HAS BEEN OVERWHELMINGLY IN SUPPORT OF A SIGNIFICANT REDUCTION IN B2 STAKES."I WANT TO BE VERY CLEAR THAT STAKE REDUCTION ON B2 GAMING MACHINES SHOULD NOT BE A SIGNAL TO WIDER INDUSTRY TO TAKE FOOT OFF PEDAL ON ISSUE" - MINISTER FOR SPORT AND CIVIL SOCIETY.£2 FOUND TO BE STAKE LIMIT THAT WOULD MOST SUBSTANTIALLY IMPACT ON HARM BY REDUCING THE ABILITY TO SUFFER HIGH SESSION LOSSES.EVEN CUTTING TO £10 WOULD LEAVE PROBLEM GAMBLERS, AND THOSE MOST VULNERABLE, EXPOSED TO LOSSES THAT WOULD CAUSE THEM SIGNIFICANT HARM.LOCAL AUTHORITIES, CHARITIES, FAITH GROUPS, PARLIAMENTARIANS, INTEREST GROUPS AND ACADEMICS ALL SUBMITTED OPINIONS IN FAVOUR OF A £2 LIMIT. Full Article
Jan 15 (Reuters) - William Hill Plc
Dec 20 (Reuters) - William Hill Plc
Dec 6 (Reuters) - William Hill Plc
Oct 2 (Reuters) - William Hill Plc
LONDON/PARIS UK business lined up to help Prime Minister Theresa May sell her draft Brexit agreement but continued to plan for Britain to crash out of the European Union without a deal as May fought for her political survival on Friday. | Video
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