Shares of U.K. gambling companies including 888 Holdings /zigman2/quotes/206991878/delayed UK:888 +0.46% , William Hill /zigman2/quotes/201135907/delayed UK:WMH +0.95% and Flutter Entertainment /zigman2/quotes/208882914/delayed UK:FLTR +0.05% lost ground Tuesday as the U.K. Gambling Commission announced it would ban them from accepting payments on credit cards . The commission cited data showing 800,000 U.K. customers use credit cards to gamble and 22% of online gamblers who use credit cards to gamble are classed as problem gamblers. The ban is due to go into effect on April 14.
Read the full story:
U.K. gambling operators pressured by credit-card ban