UK Gambling Companies Gatecrash The London Stock Exchange
Published on by Becky M.
Gambling in the UK has gone from being a low-level pastime to a true billion pound industry. Companies in the field have become some of the biggest British brands around, as the industry has embraced the digital era unlike anything else. Considering that the gambling industry now has true mainstream appeal, several of its biggest names have arrived within the world of investments. The three gambling firms that lead the charge for the industry on the London Stock Exchange (LSE) are Paddy Power, William Hill, and Bet365.
Gambling And The LSE
Looking at how the land lies when it comes to gambling brands on the LSE, it’s clear that there is something that works to set the three big names apart from one another. William Hill has history on its side, Paddy Power is never too far from controversy, and Bet365 is the industry omnipresent. Being honest, it is Bet365 that has placed the groundwork with regards to gambling and the LSE. Reason being that through market movements Peter Coates became the first gambling billionaire, with Bet365 becoming the unrelenting face of the web-based gambling era just 13 years after launching.However, it appears that the once runaway industry leader is now engaged in a three horse race. During 2015 William Hill stepped up to claim the No. 1 position in the field, when its cap value hit the heights of £3.93 billion. Not to shy away, controversial Paddy Power has risen to the top of the pile in 2016, with investors enamoured by the combined £9.10 billion value of the company. Showing that controversy is king, its clear that traders have plenty of time for Irish themed bookmaker.
‘Gambling Fever’
The growth of the online gambling industry has been amazing to see, let alone be involved in. With that in mind, it seems that the LSE has gambling fever, as several big names are now commanding the attention of investors. Technically sound, with the financial backing to match, it’s evident that the gambling industry has broken into the mainstream, with LSE approval standing as testament to that.