William Hill share price up 64% in a week as gaming stocks rise

By Tim Poole

Share prices have seen much volatility in the gaming sector since the coronavirus pandemic took hold.

Despite a general downward trend, Gambling Insider reported online gaming companies saw some resurgence in late March.

It has been another fruitful week for stock prices within the sector, with several firms seeing double-digit growth.

Perhaps the most notable example is William Hill, which has seen its share value rise 64% in seven days – at the time of writing sitting at £1.05 ($1.31).

This is still only just over half of its pre-COVID-19 share price but shows a positive response, perhaps due to the growth of online casino and the stabilising cost-cutting measures implemented by the company.

GVC Holdings is also up 49% in the last seven days, to £6.68, while Flutter Entertainment has recorded a slightly more modest improvement of 9% to £75.94.

Elsewhere, Kambi’s share price is the highest it has been in a month, at 114.90 SEK ($11.53) having grown 25% in the past seven days.

The supplier is another company to have updated investors with cost-cutting measures this week.

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