PartyGaming Still Lapping The Competition On London Stock Market
- By Ryan Blalock
- Published 01/31/2010
- Gaming Stock News
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PartyGaming William Hill made a strong run at becoming the top gaming stock on the London market, but they fell short. PartyGaming remains the top stock, and they are distancing themselves from the competition.
At the close of the trading day on Friday, PartyGaming stock was at 280.90. The stock decreased 3.70 for the day, but it still remained head and shoulders ahead of the next closest competitor.
In 2009, PartyGaming cleared up a major cloud that was hanging over the company when they settled with the US regarding illegal online gambling activity in the country. With that settlement behind them, PartyGaming turned towards buying some of their competitors company's.
One company that did not consolidate with PartyGaming but is considering other business ventures is Ladbrokes. The company's stock closed on Friday at 157.20. Since September, Ladbrokes stock dropped from over 200 a share to its current price.
William Hill remains the company that is closest to PartyGaming on the London Exchange. William Hill stock is currently at 199.90, having jumped over 15 a share in the past couple of weeks.
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