Cameron Victory a Win for UK Gambling Firms, ‘Crack Cocaine’ Fixed-Odds Terminals

Written by:
Aaron Goldstein
Published on:
May/08/2015
Cameron Victory a Win for UK Gambling Firms, ‘Crack Cocaine’ Fixed-Odds Terminal

UK betting firms can breathe a collective sigh of relief following Thursday’s election results in which PM David Cameron remains in power.

British bank stocks soared, led by Lloyds Banking Group Plc and Barclays Plc, as Cameron’s Conservative party unexpectedly secured a parliamentary majority, Bloomberg Business reported Friday.

Gambling companies including Ladbrokes Plc had been vulnerable to Labour’s plan to curtail in-shop betting terminals.  The betting terminals have often been referred to as the “crack cocaine” of gambling but the wagering firms have profited significantly from their existence over the years.

William Hill, the United Kingdom’s largest bookmaker, and Ladbrokes each saw their shares up 5.34 per cent to 394.6p and 9 per cent to 115.2p, respectively, in Friday trading.

- Aaron Goldstein, Gambling911.com

Gambling News

Čezmejne igre na srečo: Kako kripto igralnice krmarijo na mednarodnih trgih

Medtem ko globalni predpisi o igrah na srečo težko dohajajo digitalne inovacije, kripto igralnice na novo pišejo pravila, včasih dobesedno. Te platforme, ki delujejo zunaj meja tradicionalnih licenčnih jurisdikcij, so našle načine, kako doseči mednarodne akterje, obdelati brezmejna plačila in se izogniti običajnim bančnim oviram.

What Type of Online Slot Game Is Right for You?

From the original 1895 Liberty Bell slot to the latest titles appearing at reputable online casinos, slot games have captured the imagination and excitement of players worldwide for well over a century.

Syndicate

Subscribe to Syndicate
More