Thursday, September 23, 2021

Tag: Morgan Stanley

Populism over pragmatism: Shares tumble on stake reduction hype

Betting Business review stakes
The market jitters on the news that British MPs have recommended the harshest reduction in machine betting stakes. While the reaction reveals how exposed certain bookmakers are to the risk, analysts remain sceptical that ministers will ultimately be so self-harming.   Those UK bookmakers most reliant on revenues from fixed-odds betting terminals saw their valuations slashed when a cross party group...

City fears the financial impact of an FOBT clampdown

Betting Business FOBT review
The potential change to legislation governing FOBTs in betting venues as part of the Triennial Review could see huge losses for companies such as Ladbrokes Coral.   A tightening of the regulations governing FOBTs in betting shops, could wipe a quarter off Ladbrokes Coral’s earnings, according to a report in The Daily Telegraph. The revenue from FOBTs accounts for 60% of...

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