City analysts are eagerly awaiting Paddy Power Betfair’s (PPB) H1 2016 financial update on Wednesday 24 August, as the newly listed FTSE operator updates the market and its investor on merger progress. Close attention will be paid to PPB’s ongoing convergence strategy, as the company has undertaken a series of restructures to its marketing and operational divisions with PPB governance …
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BREXIT sees Davy downbeat on industry growth forecasts
Financial advisory group Davy has lowered sector-wide growth forecasts for UK-listed gambling operators as a result of BREXIT. The ‘Leave’ outcome has forced Davy to review the current positions of listed gambling operators as the UK economy faces months of fiscal and legal uncertainty. Issuing a market note, Davy analysts detailed that UK legacy operators with both large retail …
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