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Gambler’s profits at stake
Bookies Ladbokes Coral (LCL), Paddy Power Betfair (PPB) and William Hill (WMH) shrugged off a renewed call (31 Jan) from the all-party parliamentary group for a £2 staking limit on fixed-odds betting terminals. The report’s findings were leaked in December. Broker Davy argues that ‘while the calls for a £2 staking limit worry shareholders in William Hill and Ladbrokes Coral, we believe such an outcome is unlikely’. (JC)