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Gambling Companies In UK Still Thriving While Economy Slips

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While other industries are scrambling to stay afloat in London trading, gambling companies are continuing to prosper under the difficult economic times. Three major companies have seen increases in their stock in the past several days.

In the United States, the financial situation is so bad that gambling companies that have been immune to previous economic problems, are now watching their stock prices fall with the rest of the countries.

In the UK, three companies are still thriving. Ladbrokes Plc, Rank Group Plc, and William Hill Plc, all have their stock prices on the rise. The three are up to this point surviving a weak economy.

"It's the people's mindset and human nature to gamble. When things get tough, frankly they don't change that habit, it's part of their staple diet," said Andrew Lee, an analyst at Dresdner Kleinwort.

William Hill and Ladbrokes led the way in trading. They had a rise of 1.7 percent in the day. That was actually down from the 6 to 7 percent they were up earlier in the day. Rank did not increase as drastically. They rose0.5 percent.

All three of the companies are pleased with the increases, but are weary that a worsening economy could be damaging to their prices down the road.

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