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Jan 9 2020, 07:10 GMT
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|William Hill plc||NEUTRAL||13/02/14||Outperform||16/02/11||188p|
Flutter Entertainment (Flutter) and GVC Holdings (GVC) presented at the Davy 18th Annual Equities Conference in New York on Tuesday (January 7th). As expected, the domestic audience was heavily focused on the burgeoning US opportunity, including potential market size, customer acquisition dynamics and differing strategies by operator. Other key topics to highlight were (i) recent M&A (Flutter/TSG) and scope for further industry consolidation and (ii) the regulatory outlook in key geographies (including UK, Germany, Brazil). In this report, we outline our five key take-aways by stock.