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Gambling operator share prices plummeted on Thursday last week following news that the Gambling Commission is to consider cutting the maximum allowed stake at online casinos to just £2.The announcement was made by UKCG CEO Neil McArthur during a meeting with an all-party parliamentary group of MPs, tasked with investigating gambling-related harm.
Party CasinoWhat Did That Mean For Share Prices?
Following the revelations, investors in online casino and betting firms immediately staged a sell-off. High-street giant $10 Bonus When you play $10William Hill fell by around 8% while GVC and Playtech were both down 7%. Although the losses suffered by rival companies such as 888 and Flutter weren’t quite as pronounced, the overall stock market value of UK gambling operators plunged by more than £500m.
