Betting firms hit by fixed-odds move

FOBT

Shares in William Hill and GVC Holdings were both up at market close on Thursday after initially tumbling in the morning after the government announced new rules reducing maximum spending on fixed-odds betting terminals from £100 down to £2.

William Hill’s stock tumbled more than 6.5% in early trading, while GVC Holdings fell more than 4%, but they finished the day up 4.19% at 330.8p and 4.97% up at 961p, respectively.

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