Unease Over Gambling Bill Affects Stock Market
By philip
Thisismoney.com, the financial website of the Daily Mail, has reported that shares in some gambling companies dipped this week prompted by fears that the proposed Gambling Bill may be delayed until after the next general election. It is currently a crucial time for the Bill, which will needs to be brought before parliament next month if it stands a chance of being passed before the next election. Stanley Leisure fell by 9p to 438p with Rank, down 1/2p to 286 1/4p, and London Clubs International, down 2 1/2p to 115 1/2p.

Morgan Stanley's Lou Pirenc told Thisismoney that the timetable remained 'tight' and Dresdner Kleinwort Wasserstein estimated the Bill had a 60% chance of being passed by mid-2005. Culture Secretary Tessa Jowell has done little to help the situation by calling to limit big-money slot machines.

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