my fave hop shut friday. been there since before i was born

90% passed to the customer and they still call it a tax on operators. its a tax on us with extra steps
 
worth understanding what the exemptions tell you,because they're more informative than the headline.

horse racing stays at 15%. self service terminals inside a licensed shop stay at 15% because they aren't classed as remote. Bingo duty was 10% and has been abolished outright. Casino floor duty bands are frozen.

rvery one of those carve outs protects something with a constituency. racing has one. retail has one. online slots don't. that's not an accident, that's the shape of the lobbying.
 
so what happens to wh after then, does it become an american company or wha..

been with them eleven years and i don't fancy the whole thing getting sold on again in two years to someone else
 
@wagerwinner bally's intralot is athens based, formed when intralot bought bally's international interactive last year. bally's corporation are the majority holder so theres american money behind it but the entity isn't american
on the sold on again point, their CEO said publicly there's no plan to break it up and the deal was done with the whole group in mind. he also left the door open by saying an unusually high offer could be considered. draw from that what you like
the numbers that matter. 52p a share, 77% premium on where evoke was trading before the approach in april. sounds generous until you know the share price is down 90% since they bought william hill for 2.2 BILLION four years ago. that's not a takeover that's a rescue
 
@chapman a change of ownership doesn't touch customer balances. licence obligations and segregated funds requirements sit with the operating company and that doesn't disappear in a share transaction. your forty quid and your bet next weekend are fine either way. so the real thing I'd actually keep an eye on is what happens to the loyalty and pricing side once integration starts. that's where you notice a new owner, not on day one
 
what's annoying is people keep saying just go ffshore then. i've looked. no gamstop, no complaints process and if they decide not to pay you thats the end of it. that's not a choice rather worse version of the same problem
id rather have the boring regulated one with the rubbish bonuses honestly
 
coming back to is the horse racing exemption. why does that get protected. genuinely explain it to me because i cannot come up with a reason that isn't just who knows who. a bloke losing his wages on the 2:40 at kempton is doing the same thing as a bloke losing it on a slot, the only difference is one of them has a duke lobbying for him
 
thats the whole industry behind it though isnt it. trainers, stable lads, the breeding end of it, the courses themselves. tax the bets too hard and the prize money goes and then the whole lot unravels
not saying its fair. saying theres a reason thats not just the duke
 
two smaller operators have pulled out of the uk entirely already, lottomatrix and small screen casinos. that's the part that concerns me more than the pricing. fewer licence holders means less competition, less competition means nobody has to compete on RTP or terms. tax squeezes the margin and then the market consolidates and then the survivors don't need to be generous because where else are you going
 
cheers @shadow123 thats one less thing
still gutted about the shop mind. everyone keeps talking about it like its numbers on a page. it was somewhere to go on a saturday. you'd have a chat, put your slip on, mick would take the piss out of your selections and you'd go home. now its me sat on the sofa with an app that wont even give me a boost
 
Two numbers from the results that put chapman's shop in context.
Group revenue was £887.5 million, flat year on year, but up 2% once you adjust for the closure of 270 William Hill shops. So the remaining estate is trading slightly better and the headline only looks flat because there's less of it.
Adjusted EBITDA fell 10% to £150.2 million, and that's after absorbing a £46 million increase in gaming duties in six months.

That's the trade being made. Close 270 shops, absorb £46 million, and you still go backwards 10%.
 
both figures are out there. the announcement in the spring said around 200 from may, the results last week say 270. either they've closed more than they said or the two numbers are counting different things
i'm not going to pretend i know which
 
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