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It said annualized adjusted operating profit would fall by an estimated 70 to 100 million pounds, after closures and cuts. But it’s hard to get that worked up about the corporate impact. Shares of GVC, William Hill and Paddy Power Betfair rose by 2 to 4 percent on Thursday. The change had been well-flagged this week and the bookies will have a few years to adjust. Gaming machines were a tremendous cash cow, but most future growth is expected to be online anyway. William Hill even rewards executives for business “diversification” as part of their long-term incentive plan. Analyst forecasts for its earnings and dividends have only been adjusted downward by about 2 percent. Shares of betting firms have shrugged off the impact of curbs, given the time to adjust Which begs the question: Is it still worth it? If companies can easily shut underperforming stores and sack staff in response, and if the Internet allows people to gamble in all sorts of exotic ways anyway — from games and sports bets to risky crypto-currencies — is it still worth hurting workers? The answer’s still http://thegamble7c4ay.recentblog.net yes.
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