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Investor Alert

Jan. 14, 2020, 3:40 a.m. EST

U.K. gambling companies drop on credit-card ban

Shares of U.K. gambling companies including 888 Holdings (LON:UK:888) , William Hill (LON:UK:WMH) and Flutter Entertainment (LON:UK:FLTR) 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.

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U.K. gambling operators pressured by credit-card ban

Link to MarketWatch's Slice.