Week in the Market with Richard Platt, Senior Divisional Director of Brewin Dolphin Securities

Summary

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Losing streak over for betting chains? Betting shops have suffered a poor start to the football season because the big-name sides have been winning, while less than handful of Premier League games in September ended as a draw - not great news for bookies as most gamblers bet on a win. It has already been a tough year for William Hill and Ladbrokes. Earlier in the year, William Hill axed its dividend and announced a pay freeze, although it did manage to get a Pounds 350 million rights issue away.

Only a fortnight ago, Ladbrokes issued a profits warning and revealed revenue in betting shops had fallen 22 per cent during the third quarter.

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Week in the Market with Richard Platt, Senior Divisional Director of Brewin Dolphin Securities

But William Hill said, in its interim management statement last week, more "normal" win levels had started to return...

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