Big Day For Ladbrokes On London Stock Exchange
Ladbrokes Stock Up Since hitting a low of $170.25 on early Tuesday morning, Ladbrokes PLC has had an incredible two days on the London Stock Exchange. The gambling operator finished the day on Wednesday up $22.25 a share from that Tuesday low.
Ladbrokes continued a positive trend, something that has not been seen too often lately for gambling companies. At the closing of the day on Wednesday they were up $13.50, and almost eight percent a share. The stock closed at $192.50.
It was not only Ladbrokes that had the strong day. William Hill also picked up $6.75 a share. They closed at $243.50. On the other side of the coin, it was a tough day for Top Ten Holdings and Inspired Gaming Group, both of which fell over ten percent.
Over in the US, it was a quiet day for most casino operators. Wynn Resorts and Trump Entertainment had slight drops in their stock prices, but for others the news was not as good. MGM Grand had a horrible day down almost fifteen percent. $5.95 was the closing price.
The success of Ladbrokes recently could have to do with their seeking licensing in Australia. Stock holders have taken aim at Ladbrokes as a company that is getting more stable in a time when many in the industry are having the market crumble around them.
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