Shares in gambling firms fell yesterday after the industry watchdog told MPs that it was considering capping the amount punters can bet online. FTSE 250 betting firm William Hill dropped 7.68 per cent yesterday, and GVC Holdings fell seven per cent. 888 Holdings also fell 3.44 per cent, but Rank Group bucked the trend, closing up 4.62 per cent. On Tuesday, Gambling Commission boss Neil McArthur told the all-parliamentary group on gambling-related harm that a decision on a limit would be announced within six months. In November MPs called for gambling firms to commit to a £2 limit per bet for online slot machines, which would align them with the machines found in high street shops.

(c) 2020 City A.M., source Newspaper