Flutter Entertainment

UK Online Tax Reset – Margin drag ahead

27/11/25 -"The UK’s tax hikes target online gambling while largely ex. retail and horseracing. Office for Budget Responsibility forecasts a 1/3rd drop in gaming yield due to operator pass-through and softer ..."

PDF page sample
Pages
63
Language
English
Published on
27/11/25
Download
You may also be interested by these reports :
27/11/25
The UK’s tax hikes target online gambling while largely ex. retail and horseracing. Office for Budget Responsibility forecasts a 1/3rd drop in gaming ...
25/11/25
Covivio (SELL; France) manages a €22bn portfolio (€16bn, group share) comprising European hotels, residential units, and offices. Although ...
05/11/25
At the beginning of spring 2024, our optimism for FDJ United (BUY; France) was underpinned by an attractive home market, which was further ...
20/10/25
The considerable cut in our target price reflects a post-H1 reassessment of several key risks impacting Whitbread’s near-term profitability. We now ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO