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British Betting Shop Shares Up

20 Nov 2003

UNITED KINGDOM – As reported by On Business: "Shares in Britain's betting shop chains rallied this afternoon after they reached an agreement with casino operators and the British government allowing them to keep so-called fixed-odds betting machines in their shops.

"Shares in William Hill and Stanley rose by more than 3.5% in London. The move was also expected to benefit Paddy Power, which is expanding its operations in the UK.

"The British government said it had ratified a code of practice agreed by the Gaming Board of Great Britain and the Association of British Bookmakers to allow betting shops to continue operating fixed-odds machines, while limiting their number, maximum prize and range of games…"

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