Leisure

Meet your Leisure Research team

Gamesys Group

Continued evolution to create meaningful shareholder value

Gamesys Group (GYS) has a short history but a bright future. In just six years, it has assembled valuable positions in key markets and delivered attractive growth. If it repeats this...

Dalata Hotel Group

Updating forecasts

We have updated our Dalata forecasts following the group’s H1 2020 results, the recent placing, the latest COVID-19-related restrictions in the UK and Ireland and the Irish Budget. The...

Flutter Entertainment

Estimate changes reflect momentum

Flutter’s momentum has been building for some time. Q3 suggests that key revenue trends, including customer active growth (+41% globally) and market share gains in major markets (US,...

GVC Holdings

Key observations from capital markets event

GVC’s sustainability and growth roadmap is more ‘important line in sand’ than ‘full strategic reboot’. It highlights the promising sector growth outlook (the preserve of a select few)...

Flutter Entertainment

Q3 confirms strong strategic momentum

At the time of its H1 equity placing, Flutter Entertainment stated that a changing sector landscape was likely to generate significant long-term opportunities for the group. Its...

William Hill plc

Q3 brings modest recovery in revenue

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,...

Dalata Hotel Group

Budget 2021 provides support

The reduction in the rate of VAT in the hospitality sector and the extension of the commercial rates waiver are clear positives for Dalata. There are two further announcements on...

Gaming

Expert event reinforces size of US prize

We hosted a Davy Gaming Insights event on October 12th. Our (virtual) fireside chat with Chris Grove, Principal at Eilers & Krejcik Gaming (E&K), presented an extremely positive outlook...

GVC Holdings

Strong trading drives upgrade

GVC’s strong Q3 update confirms a favourable trading environment for gaming operators at present. The resumption of sports, still elevated levels of gaming activity and recovery in...

Hotels

A few notes on the market

Feedback from Davy’s Irish financials conference yesterday (October 1st) is positive for the market. Q3 2020 investment market data show a rebound from Q2 but investments are still...