Good morning folks,

Quite a few RNS's that may be of interest, but I'm going to start with a quick look at the gambling sector. This follows the publication of an interim report by the All-Party Parliamentary Group on Gambling Related Harm, which whacked a number of share prices yesterday.

Then the RNS's that I might look at are (provisional list):



Gambling Stocks

  • 888 (in which I have a long position): down 15% in two days
  • Flutter Entertainment (LON:FLTR) (owner of Paddy Power): down 4% in two days
  • GVC Holdings (LON:GVC) (owner of Ladbrokes): down 10% in two days
  • William Hill (LON:WMH): down 17% in two days
  • Rank (LON:RNK): down 10% in two days

Gambling Related Hard APPG: Latest News

All-Party Parliamentary Groups are "informal groups of Members of both Houses with a common interest in particular issues".

They can't pass legislation, but they can make proposals, and their proposals tend to have a good chance of success (since they have cross-party support).

The work carried out on behalf of this particular group has been funded by (and I appreciate the transparency, with these names given on page 1 of the report):

I can't think of any reasons why these groups would want curbs on online gambling, can you? Similarly, it was a coincidence that Sheldon Adelson was Donald Trump's largest donor!

Conspiracy theories aside, let's review some of the key findings:

  • around 20% of online gamblers are net winners. This is not much worse than spread bet/CFD companies. For example, 25% of retail investors at IG Group (LON:IGG) [disclosure: long]…

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