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Oct 21 2020, 08:30 IST/BST
William Hill’s (WMH) Q3 performance highlights the group’s less favourable growth outlook than many in the gaming sector at present. Despite broadly favourable trading conditions, revenues declined 9% in the period, with the recovery proving more modest than we had anticipated. In contrast, the recent cash offer by Caesars shines a light on the potential value of its US business as part of a broader entity. We believe acquisition represents a satisfactory outcome for WMH shareholders.
Oct 21 2020, 08:30 IST/BST