William Hill Looking For Strong Finish To Trading Year
- By Jack Swank
- Published 11/30/2009
- Gaming Stock News
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William Hill For a long time this year, William Hill had fallen below Ladbrokes as the second strongest gaming stock on the London Stock Exchange. As the year ends, however, William Hill has regained its standing, and is looking to continue the good fortune through the end of the year.
William Hill is not trading at the same figures that it had been back in June when it was up over 200 a share, but that does not mean all the news has been bad of late. The company has a current stock price of 180, well above their rival, Ladbrokes.
Ladbrokes stock also had peaked earlier this year, in May. The stock price at that point was 244.50, and it was well on their way to being a safe bet. Then, the bottom fell out. Ladbrokes closed last week at 131 a share.
Of course, the most stable of all the gaming companies on the London Exchange is PartyGaming. The company finished the week at 254.80, and has been consistent all year since April, except for one small dip in early November.
PartyGaming has been helped by the resolution they reached with the US. The threat of prosecution for the company, or any of its member, is now gone, and the company is again a solid stock option.
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