|Since even before Sep 11 the world economy has been looking pretty shaky. Ever since the attack itís been steadily worsening. The likely conflict with the Middle East isnít set to hit improve it anytime soon. Stock prices have fallen so sharply in the space of two years that people would rather sink money into property. Now in the UK even that looks set to bomb.|
Yet one thing seems almost certain. The growing popularity of gambling in the UK, whether online or in high street bookmakers such as William Hill, has made the industry one of the safest to invest in.
Since William Hill floated on the stock exchange last June investors would probably feel they hadnít done too well. The shares have fallen to 210ĺp since the peak in August of 280p however in the current economic and political climate thatís better than most major companies. In fact William Hill has reported a current gross win thatís up an impressive 20 percent so far this year.
The remarkable success of the company going public in these troubled times is a substantial indication of the strength of the gambling industry. So far the abolishment of the betting tax and the increasing de-regulation of oppressive gambling laws in the UK has made the industry relatively impervious to the negative effects of the current negative economic climate.
In contrast other leisure-based industries, such as hotel, are facing massive hits forcing decisions to cut staff and service that simply lose even more customers. Yet the gambling industry is looking to expand. Already the governmentís law changes have permitted an influx of £500 jackpot machines, though these will not be ready until 2004. Nevertheless the ordering of these machines is an investment already made Ė making them an even better investment for you.