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Gambling shares down in UK following ad ban

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7 years ago

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Gambling shares down in UK following ad ban
Photo Source: bloomberg.com
Reading Time: < 1 minute

 

The shares of gambling firms were down in the UK following reports about a proposed ban on gambling advertisements in television during sports broadcasts.

Shares of William Hill and 888 fell by almost 3 and 5 per cent, respectively. GVC’s shares lost 5.6 per cent of its values. Media reports suggest that these three companies and other members of the Remote Gaming Association (RGA) had agreed with the advertisement ban. RGA has since clarified that these are rumours. However, it does not seem to convince the stock exchange.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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