Following the resignation of Sports Minister Tracey Crouch, the UK government has bowed to pressure to bring forward the reduction in FOBT stake limits, from October 2019 to April 2019. The planned increase in remote gaming duty (from 15% to 21%) will also commence in April. We reduce our FY19 EBITDA by a further £95m and net debt/EBITDA now peaks at 3.0x in FY19. Our FY20 estimates are broadly unchanged.
15 Nov 2018
GVC Holdings - Parliamentary U-turn
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
GVC Holdings - Parliamentary U-turn
Entain PLC (ENT:LON) | 818 -229 (-3.3%) | Mkt Cap: 5,226m
- Published:
15 Nov 2018 -
Author:
Victoria Pease -
Pages:
3
Following the resignation of Sports Minister Tracey Crouch, the UK government has bowed to pressure to bring forward the reduction in FOBT stake limits, from October 2019 to April 2019. The planned increase in remote gaming duty (from 15% to 21%) will also commence in April. We reduce our FY19 EBITDA by a further £95m and net debt/EBITDA now peaks at 3.0x in FY19. Our FY20 estimates are broadly unchanged.