UK Gambling Stocks Fall
By philip
The UKís Daily Telegraph newspaper has reported that share prices in the nationís bookmakers have taken a tumble, this week as investors express their fears about the ramifications of the UK Gambling Bill. Concerns over a clampdown on fixed-odds terminals on the betting shop floor, as well as the loss of market share through the deregulation of casinos, is thought to be responsible for the dip, which saw William Hill, at one stage, fall to 43p. Hills regained some of its losses, however, when finance director Tom Singer bought 5,000 shares at 500.8p each. The shares closed 14.5 lower at 502p. Hilton Group eased 5.5 to 266p.
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