The UK government on Thursday cut the maximum stake on fixed-odds betting terminals (FOBTs) from £100 to £2 in a move that delighted anti-gambling campaigners and brought a mixed reaction from the industry.
The Competition and Markets Authority has approved GVC's takeover of Ladbrokes Coral, clearing the way for the creation of one of the world's largest listed betting companies.
Shares in bookmakers Ladbrokes and William Hill galloped higher on Monday after reports that they will avoid the worst scenarios envisaged from the government's triennial review on fixed-odds betting terminals.
Moneysupermarket.com: Barclays downgrades to sector perform with a target price of 350p.
Developer, publisher and licensor of mobile real-money and social games, Gaming Realms, announced on Tuesday that its 'Slingo Originals' content had launched on a number of Ladbrokes Coral gaming sites.
Diageo plc: Berenberg retains hold with a target price of 2,550p.
Suggestions in the weekend press that new Culture Minister Matt Hancock will slash the maximum stake on fixed-odds betting machines to £2 hit shares in bookmakers on Monday.
Travel operator Tui was downgraded by JPMorgan Cazenove after its good share price run last year and what is expected to be a "less supportive" 2018, while SSP was upgraded as its shares offer an "attractive entry point".
Thomas Cook Group plc: Morgan Stanley upgrades to overweight with a target price of 140p.
Britain's largest bookmaker Ladbrokes Coral has agreed to be taken over by smaller online-focused rival GVC Holdings for a sum of £3.2bn that could rise up to £4bn, creating one of the world's largest listed betting companies.
Vectura Group: RBC upgrades to Sector Perform with a target price of 450p.
Shares in gambling software company Playtech fell after Ladbrokes Coral said it is in advanced talks with GVC Holdings about a possible takeover of the bookmaker, amid concerns about the implications of the deal on its contract with Ladbrokes, for whom it provides online platforms.
GVC Holdings is in advanced talks with Ladbrokes Coral about a possible takeover of the bookmaker worth up to £3.9bn depending on the outcome of the government's gaming machines review.
Bookmaker Ladbrokes Coral's revenues returned to growth in the third quarter but retail revenues fell and declines at its Ladbrokes.com website were worse than expected.
The Gambling Commission has slapped Ladbrokes Coral with a £2.3m fine after its Gala Interactive business breached regulations which protect consumers.
GVC Holdings announced the sale of wholly-owned Turkish-focused subsidiary Headlong to Ropso Malta on Thursday, which sparked off rumours that the online gaming group was looking to launch a major takeover deal.
Profits at high street bookmakers are under threat as the government proposed cutting the maximum stakes of fixed-odds gaming machines from £100 to between £50 and £2, though it has delayed making a final decision until January.
Jeremy Corbyn's Labour Party has proposed a ban on football kits sponsored by bookmakers and gambling websites.
In a look at the leisure sector, Morgan Stanley was positive on Ladbrokes, Whitbread and Merlin Entertainment with 'overweight' recommendations all round, but downgraded SSP Group and Paddy Power Betfair.
Ladbrokes Coral confirmed first-half operating profits at the top end of previous guidance, doubled its interim dividend and said synergies from last year's merger were expected to be more than double the original estimate.