William Hill owner 888 Holdings PLC (LSE:888) will post third-quarter results on Tuesday, revealing whether management was right in saying in the summer that the rest of the year should see a “stable trend”.
In its half-year results, the FTSE 250-listed gaming and gambling group reported a 13% fall in revenue and a 66% fall in pre-tax profits that it blamed on greater gambling control in the UK and the closure of its Dutch business.
However, on a pro forma basis, including the purchase of William Hill and the exclusion of the bingo arm, revenue would have only fallen 1%.
Expect the upcoming FIFA World Cup later in the year to get a big mention in the outlook statement, as it worked wonders for competitor Entain a week earlier.
Betting at the FIFA event traditionally attracts an elevated level of betting from sports fans, for many it may be the only gambling they do this year.
The share price has nosedived in the year to date, down 71% to 86.1p after what has been a tough year for the sector, while Entain's is only down 31%.