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Gambling shares down in UK following ad ban

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6 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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