William Hill Plc ADROTCPK - Current
Mon, Oct. 24, 8:24 AM
- FanDuel (Private:DUEL) and DraftKings (Private:DRAFT) are desperately short on cash as they near a settlement with the New York attorney generals' office, reports The New York Times.
- The companies still have a thriving business model, but have been buried with legal and lobbying costs. There's a general sense in the gaming industry that casinos will jump into daily sports fantasy games after the legal clouds clear.
- Related stocks: NYNY, PENN, MCRI, GDEN, PNK, WYNN, ISLE, CNTY, ERI, CZR, LVS, BYD, OTC:WIMHF, OTCPK:WIMHY, OTCQB:TPCA, OTC:WIMHF, AYA, DDAY, OTCPK:DTFSF, OTCPK:EIHDF, OTCQB:GLXZ.
- Related ETF: BJK.
Tue, Oct. 18, 4:11 AM
- Canadian online gambling company Amaya (NASDAQ:AYA) and the U.K.'s William Hill (OTC:WIMHF) have called off merger talks, saying they would be better off separate.
- The news comes after opposition from a leading shareholder in the British bookmaker to a deal with Amaya, which has a market cap of $2.24B.
- The failure of the negotiations follows William Hill's rejection of takeover approaches from online rival 888 as well as from casinos and bingo halls operator Rank Group.
- William Hill says trading has continued to be positive in H2 and it forecast that 2016 operating profit will be at the top end of a previously guided range of £260-280M ($323 million).
- William Hill's shares are +3.1% in London.
Fri, Oct. 14, 11:58 AM
- Shares of William Hill (OTC:WIMHF, OTCPK:WIMHY) moved 4% higher today in London as investors bet again that the gaming firm will combine with Amaya (AYA -1.8%).
- The two companies are reportedly in "crisis talks" over opposition to their planned merger.
- The U.K. gaming sector is on a track of consolidation as online firms look to partner up with traditional players. Betfair (OTC:BTFRF) and Paddy Power (OTC:PDYPF, OTCPK:PDYPY) merged earlier this year, while Ladbrokes (OTC:LDBKF, OTCPK:LDBKY) and Gala Coral are due to close on their deal later this year. Last year, GVC Holdings (OTC:GMVHF) acquired Bwin.party.
Thu, Oct. 13, 3:57 PM
- The merger plans of William Hill (OTC:WIMHF, OTCPK:WIMHY) hit a snag after large stakeholder Parvus Asset Management weighed in earlier today.
- The activist investor, which holds a 14% stake in the U.K. gaming concern, says it doesn't see the strategic logic behind the proposed combination with Amaya (AYA -5.6%).
- “We strongly encourage that the board and management stop wasting valuable time and shareholder resources pursuing this value-destroying deal," reads the missive from Parvus to William Hill shareholders.
- Previously: Amaya confirms merger talks with William Hill (Oct. 10)
Mon, Oct. 10, 7:08 AM
- Amaya (NASDAQ:AYA) confirms speculation that it is in discussions with William Hill (OTC:WIMHF, OTCPK:WIMHY) about a merger.
- "The potential merger would be consistent with the strategic objectives of both William Hill and Amaya and would create a clear international leader across online sports betting, poker and casino," reads the company's statement.
- Talks are still underway.
- Shares of William Hill rose 8% in London trading on Friday, while Amaya gained 3.2% in the U.S.
Mon, Sep. 26, 9:50 AM
- The American Gaming Association is hosting the Global Gaming Expo in Las Vegas this week.
- Areas of focus during the confab are expected to include e-sports, online gaming opportunities in the U.S., M&A trends, and how the industry can increase millennial traffic to casinos.
- The event has the usual all-star roster of gaming industry speakers, although the highlight may be former NBA Commissioner David Stern's participation on a CEO roundtable set for Thursday that will delve into sports betting.
- Related stocks: OTCPK:EIHDF, OTC:BTFRF, OTCPK:PYGMF, OTCPK:PDYPY, OTC:WIMHF, OTCPK:WIMHY, RRR, CZR, MGM, BYD, OTC:LDBKF, OTCPK:LDBKY, OTCPK:RANKF, DUEL, DDAY, DRAFT, GDEN, NYNY, CHDN, FLL, PENN, SGMS, CNTY, OTCQB:TPCA, LVS, ERI.
- Related ETF: BJK.
Thu, Sep. 22, 11:22 AM
- A major development on the betting scene is raising eyebrows in the global gaming industry. The NBA signed a deal with Sportradar to provide NBA data and video game feeds to gaming operators outside of the U.S.
- Sources indicate the data deal is worth $250M over six years.
- Detailed player tracking could open up new betting sports categories as the industry evolves beyond daily fantasy games.
- Sportradar is a privately-owned company with PE backers and high-profile investors such as Michael Jordan and Mark Cuban on board. Here's the interesting twist: The NFL is also an investor and partner.
- Efforts to legalize sports betting in the U.S. are breaking out in various forms, while in Las Vegas the welcoming mat for the Oakland Raiders and the NFL has been laid out.
- Related stocks: OTCPK:EIHDF, OTC:BTFRF, OTCPK:PYGMF, OTCPK:PDYPY, OTC:WIMHF, OTCPK:WIMHY, RRR, CZR, MGM, BYD, OTC:LDBKF, OTCPK:LDBKY, OTCPK:RANKF, DUEL, DDAY, DRAFT.
- Related ETF: BJK.
Mon, Jul. 25, 8:15 AM
- William Hill (OTC:WIMHF, OTCPK:WIMHY) confirms it's the target of a joint takeover bid from 888 Holdings (OTCPK:EIHDF) and The Rank Group.
- The company says it will listen to any proposal, although it also added that it's "not clear" a combination will enhance its strategic positioning.
- Shares of William Hill are up over 10% in London trading.
- William Hill press release
Fri, Jul. 22, 1:02 PM
- William Hill (OTC:WIMHF, OTCPK:WIMHY) is looking for a CEO following the departure of James Henderson.
- CFO Philip Bowcock is manning the top spot on an interim basis while a search progresses.
- William Hill has missed out on some M&A opportunities over the last year in the rapidly consolidating European gaming sector.
- William Hill board update
Tue, May 17, 2:18 PM
- Insider selling at 888 Holdings (OTCPK:EIHDF) isn't something for investors to panic over, according to analysis from gambling industry site CalvinAyre.com.
- Earlier this week, 888 shares fell after co-founder Shay Ben-Yitzhak lowered his stake to 2.6% from 10.9%.
- While the company has survived other rounds of insider selling in its past, this time around William Hill (OTC:WIMHF, OTCPK:WIMHY) is a potential bidder.
Wed, May 4, 1:53 PM
- The Nevada Gaming Commission is considering opening up mobile sports betting to bettors in all 50 states in the U.S.
- The development has the potential to be huge, although the proposed regulation would still require betting customers to appear just once at a Nevada sports books or casino property to go through an identification verification process.
- A public hearing on the issue is expected to occur later this year.
- Companies watching the sports betting scene include Boyd Gaming (NYSE:BYD), MGM Resorts (NYSE:MGM), Wynn Resorts (NASDAQ:WYNN), Caesars Entertainment (NASDAQ:CZR), William Hill (OTC:WIMHF, OTCPK:WIMHY), and Red Rock Resorts (Pending:RRR).
Dec. 30, 2015, 9:24 AM
- The elevated level of consolidation in the gaming sector is expected to continue in 2016 as companies look to scale up amid margin pressure.
- Analysts think 888 Holdings (OTCPK:EIHDF) and William Hill (OTC:WIMHF, OTCPK:WIMHY) could rekindle their merger talks.
- Betsson (OTCPK:BTSNF) is seen combining with Malta-based Unibet.
- Mega-mergers are given a longer shot by analysts despite persistent chatter over Wynn Resorts (NASDAQ:WYNN), MGM Resorts (NYSE:MGM), and Las Vegas Sands (NYSE:LVS). Some names to watch for M&A buzz include Full House Resorts (NASDAQ:FLL), Amaya (NASDAQ:AYA), Tropicana Entertainment (OTCQB:TPCA), Entertainment Gaming (NASDAQ:EGT), Eldorado Holdings (NASDAQ:ERI), Ladbrokes (OTCPK:LDBKY), Boyd Gaming (NYSE:BYD), Isle of Capri (NASDAQ:ISLE), and Golden Entertainment (NASDAQ:GDEN). A wildcard in the mix is Caesars Entertainment (NASDAQ:CZR) which is mired in legal quagmire, but has some strong properties in its stable if it can clear bankruptcy intact.
- Place your 2016 gaming merger bet in the comment stream.
- Related ETF : BJK.
Nov. 18, 2015, 11:18 AM
- Las Vegas sports books took a beating last Saturday night when Ronda Rousey was knocked out in the second round of her Ultimate Fighting Championship title fight.
- A huge amount of money came in on underdog Holly Holm in the last 24 hours before the fight as oddsmakers struggled to reverse the betting momentum. The losses were reportedly high enough to wipe out a weekend of football action at some betting venues.
- Casino operators report their betting profit as a hold percentage in earnings reports.
- Companies with a significant sports book presence in Nevada include Boyd Gaming (NYSE:BYD), MGM Resorts (NYSE:MGM), Wynn Resorts (NASDAQ:WYNN), Caesars Entertainment (NASDAQ:CZR), William Hill (OTC:WIMHF, OTCPK:WIMHY), and privately-owned Westgate Resorts.
Oct. 15, 2015, 7:12 PM
- Nevada -- a state where gaming companies have key political power -- has ordered the in-state shutdown of daily fantasy sports operations.
- The state's Gaming Control Board has said the sites, including key competitors DraftKings and FanDuel, can't offer their product in Nevada without a license, as they constitute gambling under state law.
- The sites are also under scrutiny in California, New Jersey and Massachusetts.
- Related stocks: OTC:WIMHF, OTCPK:WIMHY, MGM, CZR, WYNN
- Previously: Bloomberg analysts: CMCSA, TWX, FOX seeing 'win-win' from daily fantasy sports (Oct. 06 2015)
- Previously: Daily fantasy sports business on the radar of regulators (Sep. 22 2015)
Sep. 22, 2015, 9:22 AM
- Fantasy sports sites are on the radar of regulators and legislators in several states with the explosive growth numbers hard to ignore.
- Bloomberg reported last week that DraftKings and FanDuel took in $60M in entry fees for the first weekend of the NFL season.
- The legality of daily fantasy contests is being looked at in Nevada, California, Massachusetts, and New Jersey - states where gaming companies have some say with politicians.
- Residents in Arizona, Iowa, Louisiana, Montana, and Washington are already prohibited from entering the daily fantasy contests.
- Related stocks: OTC:WIMHF, OTCPK:WIMHY, MGM, CZR, WYNN.
Sep. 14, 2015, 8:20 AM
- Sportsbooks in Las Vega took a historic beating on the opening Sunday of the NFL season.
- A large number of bettor favorites covered the spread and parlays hit at an unprecedented rate.
- "I don't remember a worse opening Sunday," said Westgate Superbook exec Jay Kornegay.
- Related stocks: MGM, WYNN, CZR, OTC:WIMHF, OTCPK:WIMHY.