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May 15 2019, 07:30 IST/BST
Gaming
FanDuel maintains strong leadership position in New Jersey
- Sectors : Gaming
- Companies : Flutter Entertainment | Entain | William Hill plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| William Hill plc | NEUTRAL | 13/02/14 | Outperform | 16/02/11 | 138p |
| Flutter Entertainment | OUTPERFORM | 08/05/19 | Neutral | 29/08/17 | 5890p |
| Entain | NEUTRAL | 13/12/17 | N/A | N/A | 586p |
DAVY VIEW
While seasonal variations remain hard to decipher, online gambling data for New Jersey (NJ) in April appear encouraging. Wagering declined 17% following the busy month of March but arguably not by as much as expected. Cross-sell into Casino also continues at pace. Other emerging trends – online c.80% of market and market leading operators – are similar to previous months. In relation to the latter, FanDuel enjoyed 53% of the online market (57% including retail), confirming its undisputed leadership position. William Hill related operators had c.16% share.
