William Hill PLC (WMH.L)
22 Jun 2018
Latest Key Developments (Source: Significant Developments)
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
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: Rank Group and 888 consortium is said to have submitted a formal offer for William Hill that values the shares at 364P apiece- FT, citing sources Source (http://on.ft.com/2bg5cLn) ((Bangalore.firstname.lastname@example.org;)). Full Article
OCEANPORT, N.J., June 14 With two $20 bets and a rambunctious crowd awaiting their turn, New Jersey Governor Phil Murphy placed the state's very first legal sports bets on Thursday, capping a years-long battle to end the ban on sports betting in the Garden State.
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