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William Hill And Ladbrokes Soaring Into New Stock Week

February 17, 2009


Stocks Are Up It is easy to get caught up in the successes of two of the UK’s biggest gambling company’s. William Hill and Ladbrokes have been weathering the economic storm nicely and are coming off a highly encouraging week.

Ladbrokes had their stock rise to over $200 a share on Friday. The stock has been steadily increasing after it appeared it was heading for disaster. They closed the day at $205.75 a share, up $8 and four percent from where they began Friday morning.

William Hill has also had a successful run so far in the new year. Their stock closed last week at $265.25 a share. Since February 5th the stock has risen by almost $30 a share. It did reach a high of $269.25 before settling where it closed on Friday.

PartyGaming was another company that had an increase to end last week. Their stock was up $6.25 a share and closed at $176. Sportingbet PLC was one of the only gaming companies to have their stock drop on Friday. The stock closed down $2.25 at $37.75.

On the New York Stock Exchange things have been much worse for US gaming companies. Wynn Resorts is still the high stock at $29.76, but that is down drastically from the high point of the stock. Casino companies have been bowing to the economic conditions in the US for months now, and things do not look like they are turning around anytime soon.

Trump Entertainment Resorts may be the next company that succumbs to the financial pressure. Their stock is a minimal $.22 a share.

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