William Hill Share Discussion Threads

[frankiethecabbie] 15/9/2017 13:21

The board must be kicking themselves now for pulling out of the merger with this beast :The Stars Group Raises Full Year 2017 Guidance; Announces Additional $75 Million of Debt PrepaymentSource: PR Newswire (US)TORONTO, Sept. 15, 2017 /PRNewswire/ - The Stars Group Inc. (Nasdaq: TSG; TSX: TSGI) today updated its previously announced guidance ranges for the full year 2017 and announced the prepayment of an additional $75 million of second lien debt. All dollar ($) amounts are in U.S. dollars."It's been a great three months since joining The Stars Group and the team is energized," said Brian Kyle, Chief Financial Officer. "As I am now fully familiar with our forecasting and given our solid trends across all business lines, which reinforce our conviction and commitment to our strategy, it is now appropriate to update our financial guidance. In addition, given our progress to date, we are also able to make another meaningful prepayment of our debt."Full Year GuidanceBased on year-to-date performance, The Stars Group has updated its previous full year 2017 guidance and now expects:Revenues of between $1,285 and $1,315 million, as compared to the prior range of $1,200 and $1,260 million. The revised guidance implies 2017 revenue growth of between 11% and 14% compared to the prior year and includes an expectation that real-money online poker revenue will be slightly higher year-over-year as The Stars Group, among other things, continues to experience a very positive consumer response to Stars Rewards, which was rolled out globally in July;Adjusted EBITDA of between $590 and $610 million, as compared to the prior range of $560 and $580 million. The revised guidance implies 2017 Adjusted EBITDA growth of between 13% and 16% compared to prior year;Adjusted Net Earnings of between $445 and $469 million, as compared to the prior range of $413 and $437 million and as compared to approximately $367 million in 2016; andAdjusted Net Earnings per Diluted Share of between $2.17 and $2.31, as compared to the previous range of between $2.01 and $2.15 and as compared to $1.88 in 2016.These estimates reflect management's view of current and future market and business conditions, including assumptions of (i) anticipated negative operating conditions in Poland primarily related to constraints on processing payments in that jurisdiction, the cessation of real-money online poker in Australia on September 11, 2017, and the cessation of real-money online gaming in Colombia on July 17, 2017, (ii) the introduction of Stars Rewards, The Stars Group's previously disclosed cross-vertical customer loyalty program, (iii) no other material adverse regulatory events and (iv) no material foreign currency exchange rate fluctuations, particularly against the Euro which is the primary depositing currency of The Stars Group's customers, that could impact customer purchasing power as it relates to The Stars Group's U.S. dollar denominated product offerings. Such guidance is also now based on a Euro to U.S. dollar exchange rate of 1.18 to 1.00 and all other currencies at their average exchange rate for the month of August, in each case for the remainder of 2017, unaudited expected results and certain accounting assumptions.Debt PrepaymentNext week, The Stars Group will prepay without penalty an additional $75 million under its second lien term loan using cash on the balance sheet and cash flow from operations. Following this prepayment, The Stars Group will have repaid $115 million of its second lien debt thus far in 2017, resulting in a total reduction in annual interest expense of approximately $9.5 million, and reducing the principal balance of the second lien term loan to $95

[frankiethecabbie] 28/8/2017 21:19

Good result for WH regarding the fight,Caesars Palace (NASDAQ:CZR) said it made $2M on the fight as 88% of the bets made on the last day came in on the Irishmen. MGM Resorts (NYSE:MGM) book director Jay Rood indicated a win in the neighborhood of $1M. William Hill (OTCPK:WIMHF) execs said the U.K. company also had a historic day as it went into the fight unbalanced with 93% of its tickets written on McGregor. Privately-owned CG Technologies said it made in the high six figures from the betting action.

[nortic 007] 22/8/2017 15:40

Nice to see an up day :)

[frankiethecabbie] 21/8/2017 08:20

So is he prepared to lose £400 million to appease the righteous

[cwa1] 21/8/2017 07:54

Victoria Coren's taken on FOBT's FWIW.....

[frankiethecabbie] 16/8/2017 09:18

Would like to think it's the bottom as it is at its lowest for over five years, as for the FOBT review, one has to think there is no smoke without fire to the shelving of the review, the opposition to the FOBTs are certainly loud and appear quite desperate in their efforts to make the government ban the machines. Personally I think there will be some sort of arbitration to make both sides happy and WH will climb back above £3 in October if not before if a deal with the Stars Group emerges.

[trentendboy] 13/8/2017 22:02

Top links as usual FrankieInteresting

[trentendboy] 10/8/2017 21:56

Interesting. I wonder if stars would pay cash to hills or if they did merge would they have a UK listing or stay in Canada?My worry is the hills is just too cheap at the moment

[frankiethecabbie] 10/8/2017 11:30

This beast will have Hills in their sights now

[mercer95] 10/8/2017 09:34

4100000 buy just went through, someone likes hills today

[trentendboy] 08/8/2017 13:52

Bonnier - on what grounds are you suggesting this?

Wishful thinking as an anti-FOBT poster or better information than this?

[rbonnier] 07/8/2017 23:17

It's gunna be £2 max a spin guys and this will collapse sub £2 on the news save yourselves and sell whilst you can .

[nod] 07/8/2017 22:57

What is the difference between "£100 every 20 seconds"And spending £45 on a bottle of Glenfiddich in Tesco?Is the often repeated statement "£100 every 20 seconds" a theoretical maximum or the average spend?Theoretically, someone could spend £100 within a few minutes at Tesco. I used to be addicted to Tesco.Shouldn't the government intervene to ensure there are always long queues at the Tesco checkouts so that poor people cannot spend their cash too quickly?Perhaps segregate with fast checkouts for middle class and slow checkouts for the poor.

[frankiethecabbie] 07/8/2017 20:41

There was a good section on LBC radio earlier on , saying a report just out shows how beneficial people who drink,smoke and gamble contribute more to the economy of this country than the Liberal left wing do-Gooders do. Went on to say if we all decided to stop these vices the treasury would have a shortfall of over £25 billion !!!

[nod] 07/8/2017 20:38

"Most of them are located in poorer parts of the country, according to campaigners."Is this true?I would have thought they were distributed according to the location of the betting shops. If the statement refers to the placement of betting shops, then surely the issue is about poor people gambling - full stop. Should the campaigners philosophy not also apply to poor people gambling on the national lottery?The payout per machine is fixed at around 97%. Hence the name FOBT.What is the payout per national lottery ticket?