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"Another event worth monitoring is the Nevada Gaming Control Board meeting on July 8 with discussion covering the Caesars Entertainment (NASDAQ:CZR)-Eldorado Resorts (NASDAQ:ERI) merger, as well as William Hill's (OTCPK:WIMHY) application to take over the Caesars sportsbooks."
The next piece of news will be William hill setting up shop in the 50 or so Caesars properties in the USA. Otherwise the best news to follow is just covid news especially related to Nevada where hills are strong. The news I want to hear is draftkings and bet Fred each buying parts of William hill for a cash deal.
If its not online its not news its 2020 ?
Has there been any news about how they doing or any deals they have done in USA? I can not find anything online so just wondered if anyone had come across anything?
When you consider WH have had their rates paid, furloughed staff, Vat refund and the raising of capital , it truly shows the impact of this virus. Imagine the ratings of companies that have not raised money. I’m surprised Moody’s acknowledge the raising of capital yet leave at the same rating.
Bond market isn't panicking. They are usually the smart money.
2023 bond trades above issue price at 100.92.
2026 bond trades at 98.13 (almost at issue price).
WILLIAM HILL 16/23 Bond
WILLIAM HILL 19/26 Bond
It does say liquidity improved and negative is the ongoing covid problem. Not sure if it will have a detrimental effect but if things get better/continue to improve then hopefully it's good news and better SP
They are just confirming, this was first set at this level in early April. Impact of Covid prompt it. Hopefully once it’s all over/under control we’ll get a re-rating (up).
How serious should that rating be taken?? So much hype about WMH over past few months. Can’t see them defaulting on any obligations given the likes of interest from Done Brothers & cash raised from issue & could go on.
Wmh has a lot of work to do in all those Caesars locations.
The Federal Trade Commission (FTC) has approved the merger between Eldorado Resorts and Caesars Entertainment, after requiring Eldorado to sell two properties to Twin River Worldwide Holdings in markets where the deal was deemed uncompetitive.
The required sales – of the Eldorado Shreveport Resort and Casino in Louisiana and the Mont Bleu Casino Resort & Spa in Lake Tahoe, Nevada for a purchase price of $155m – were agreed in April.
Eldorado agreed to acquire Caesars for $17.3bn – $7.2bn in cash, and approximately 77m Eldorado common shares – in June 2019, with shareholders of both operators approving the deal in November.
Gallup: US acceptance of gambling at record high
A record 71% of Americans view gambling as a “morally acceptable” activity, according to new polling figures from opinion polling giant Gallup.
In an annual poll of Americans’ views on a variety of activities, gambling was scored as the fifth-most “morally acceptable” behaviour, behind only birth control, divorce, drinking alcohol and premarital sex.
The figure was an increase from 68% during 2019’s poll and exceeded the high of 69% recorded in 2018.
The CEO has been making some tough decisions in this restructure.
FTSE-250 bookmaker could shed 57 jobs but consults on possible staff relocation to Polish office
William Hill has revealed it will close its Stockholm office by the end of 2020, with a potential for job losses, the bookmaker has confirmed. It is understood the decision is a result of a shift in strategy towards increased efficiency in the group's product development teams.
Yeah the Big Dipper has some big things ahead for us
John Lewis, ssp (upper crust and co), easy jet and Ryan air have all announced considerable job losses in the last day or so. Other retail companies will surely follow along with car manufacturing and sales and more than likely a holiday company or two. We are about to hit some rather rocky times and demand for goods and the associated sales outlets, logistics and warehousing and to some degree manufacturing will all be affected by it, I’m sure there’s a desire from the parliamentary group responsible to hammer bookies as part of a gambling harm reduction strategy but this needs to be balanced with the overwhelming desire to limit job losses if at all possible. When shops start to close on the high streets news articles won’t be talking about the evil betting shop closed as well as boots and costa coffee they will be talking about the further decline of the uk high streets. I still remain convinced that there will be some requirements for bookies to further support gambling harm reduction but I don’t believe there is an appetite to bring them to their knees simply because of the effect this will have with job losses within the industry and also within the horse racing industry itself. Bookies need football as it’s their single biggest betting market but horse racing is a big chunk too in second place and horse racing doesn’t survive without bookmakers who pay a levy to horse racing and sponsor the vast majority of racing which is a big employer especially in rural areas. Ultimately the sitting conservative government has an 80 seat majority so when the chips are down I predict plenty of nice words about bookmakers needing to be responsible, possibly some token additional levy or tax and the cross party anti gambling group sent on their way to address the loot boxes issue etc. After all the single biggest betting event is the lottery with its six draws a week, scratch cards for every taste and a 16 million to one chance of winning 3 million quid and nobody wants the bookmakers to start screaming about that nice little earner. I don’t expect it to be easy for William hill to conquer America and grow profits in the uk but I do expect them to do it and I do expect the share price to reflect that in time. I accept of course that we might feel like we’ve had a few goes on the Big Dipper by the time we get there.
Oh WHM have 25% of the US market already! 1 in 4 bets go through WMH.
The US have very different regs, for example, in many states, to register for an online account you need to go in person, you can’t sign up online. To top up, once again you need to go in. The controls and overview is a lot better than the UK. Maybe those type of controls aren’t a bad thing.
Bookies only want losers show any signs that you might beat them and you are restricted. They are a disgrace and I hope they move back to an era like the 70s where no abverts are allowed and online and in shop casinos are outlawed they are parasites of the highest order. By the way do you really think the USA are going to let U.K. companies get a freehand in the US gambling industry I expect some major brick walls a u turns to be made. British companies have a poor record over there.
Bloomberg TV just did a news item about online gambling and the lords, it just targeted William Hill, wtf. No other firms mentioned!
As I said before many times, it’s not the bookies that start it. They need to target phone in competitions, scratch cards, Bingo ads etc.. There’s was also an article on loot boxes (The Lords) want to get rid of them. Yes they need to go. My son on rocket league, paid for a few Boxes, and say to me “if I try again I think are get what I want next time”. After explaining it to him what they were doing he never bought another one. Rocket League have now scrapped loot boxes.
Of course it can because they are trying to reduce the online stake value to £2 you Fing stupid twat..I do very well thankyou very much,i bet on politics and rugby league mainly when I can..
Daily MAIL GO ON ABOUT IT ALL THE FING TIME.bOOKIES ARE GIVING 100 MILLION towards it all and I have been contacted by Hills four times about my increased gambling and do I want help but this never gets a mention.. Thye have made huge strides but Carolyn HARRIS AND ids have it in for them.May be we sld cut MPS TO 300 AND ABOLISH THE house of LORDS TO SAVE THE COUNTRY A FORTUNE..!hOUSE OF LORDS WHAT A JOKE.Swansea where harris IS from has 2MPS WHAT A WASTE OF TAX PAYERS MONEY.tHIS WOMAN WLDNT EVEN GET A JOB in MCDONALDS...!
cj39 they are coded buys.ITS OO7 AND HIS MOB ARE lumping in now..The whole thing seems very very strange to me now..
When I looked around lunch time there were 33% more sells than buys. But look at that - over 3 times more buys than sells come the end of the day. Did anyone else notice lots of strange numbers of shares bought. I saw 15 transactions of 2121 shares bought around 2pm and then a lot of transactions of 3131 shares. There are definitely coded buys, just like in bridge, these mean something. Even though it went down today it feels like we’ve reached the bottom and we’ll see the share price...rocket like a scud missile.
Something is only worth what somebody is prepared to pay for it. Today's price or next month's price don't mean anything you bought into the shares because of good management and you had a long term view of the company , a lot has been going on with William hill recently and it will take time to sort out. Sit tight don't sell and add if u can is my advice the future is Rosey.
Like a few others excited about the increase from when I bought in at £1.39 to £1.60 in a two week period and now really frustrated with the fall off to current level circa £1.15. Look at volume of trades in this share for today 11M!