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May 15 2019, 07:30 IST/BST
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|
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.