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May 14, 2018, 10:25 a.m. EDT

Shares in Paddy Power, William Hill climb after U.S. Supreme Court ruling

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By Victor Reklaitis

Shares in U.K.-listed gambling companies jumped Monday following news of a U.S. Supreme Court ruling that favored their industry. Shares in William Hill PLC recently were up 8.5%, while Paddy Power Betfair PLC's stock rose 8.3%. The American court on Monday ruled in favor of the state of New Jersey in a case that could open sports betting around the nation.

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