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Prices & Quotes - UK Markets - Flutter Entertainment (CDI) (FLTR)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 13,355.00p
Change Today:
-685.00p
Market Cap:
23,402m
Sector:
Travel & Leisure

Top mental health official calls for gambling firms to fund addicts' treatment

By Caoimhe Toman

Date: Wednesday 07 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Head of mental health in England, Claire Murdoch, said on Wednesday that gambling firms should fund treatment for gaming addicts.

According to the Guardian, she complained that the NHS should not be left to "pick up the pieces" as these people require specialist help.

"After seeing the destruction the gambling industry has caused to young people in this country, it is clear that firms are focused on profit at the expense of people's health, while the NHS is increasingly left to pick up the pieces," she said.

"In a year when the NHS has dealt with our biggest challenge yet in Covid-19, the health service's psychologists and nurses having been treating hundreds of people with severe gambling addictions.

"The gambling industry must take more responsibility, as the nation has come together over the last year to support the NHS, whether it be volunteering as vaccinators or showing their gratitude to staff. The bookmakers must also step up and agree to a mandatory levy to pay for dealing with the harms of problem gambling."

Murdoch also decried the voluntary system by which firms decide how much they wish to donate to help people in need. According to the Guardian, there had been reports that some firms only give out nominal sums to appear on the donors' lists.

Her comments came on the back of an ongoing review into the laws regulating the sector and the government's plans to open more gambling clinics.

Mandatory levies for companies that inflict these mental health issues are being considered by regulators and the DCMS.

Gambling firms are nevertheless enjoying a very positive spell as the coronavirus lockdowns have led to people turning to online gaming and betting as a form of entertainment.

Companies such as Paddy Power and Ladbrokes Coral have seen a spike in demand and have duly cashed in.

Listed betting companies have seen their stocks turbocharged by the pandemic with Flutter rising a 70% since the start of 2020 for example.

UK gambling bosses have experienced a rise in personal wealth of 4.9bn according to This is Money. Denise Coates, CEO of Bet365, pocketed 469m in pay and dividends in 2019-2020.

Since April 2020, there have been 750 new gambling addicts that have needed specialist clinics, said the report from the Guardian.

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FLTR Market Data

Currency UK Pounds
Price 13,355.00p
Change Today -685.00p
52 Week High 16,915.00p
52 Week Low 9,850.00p
Volume 415,913
Shares Issued 175.23m
Market Cap 23,402m
Beta 0.05

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What The Brokers Say

Strong Buy 7
Buy 0
Neutral 4
Sell 3
Strong Sell 2
Total 16
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FLTR Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 09-Oct-19 21-May-19
Amount 67.00p 133.00p

Trades for 11-May-2021

Time Volume / Share Price
17:06 2,400 @ 13,355.00p
16:41 1,500 @ 13,425.82p
16:35 375 @ 13,355.00p
16:35 746 @ 13,355.00p
16:35 1,789 @ 13,355.00p

FLTR Key Personnel

Chair Gary McGann
CEO Peter Jackson
CFO Jonathan Hill