Back in October we looked at the UK bookies. Ladbrokes (LAD), William Hill (WMH), and Paddy Power (PAP) weren’t doing all that great, but signs of a nascent recovery were starting to show. New taxes were and still are threatening that recovery. Ironically, the higher tax, being the 25% sales tax on machines, is actually the less threatening one because the market is shifting heavily towards online and mobile. A high tax will only shift …read more
Source:: Recovery Continues for the UK Bookies
Recovery Continues for the UK Bookies
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