Gaming

FanDuel maintains strong leadership position in New Jersey

  • Sectors : Gaming
  • Companies : Paddy Power Betfair | GVC Holdings | 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
Paddy Power Betfair OUTPERFORM 08/05/19 Neutral 29/08/17 5890p
GVC Holdings 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.

Download full report with analyst certification and important disclosures

May 15 2019, 07:30 IST/BST

Download