Cryptologic Takes A Big Hit While Others Are Relatively Stable

Poorer_PerformanceThe trading week ended very much as it had begun with very little clarity across the sector. There were no big movers to speak of but generally lackluster sentiment from investors was the pervasive element all week and things did not really finish any differently.

Shares in William Hill took a hit on Friday October 16th 2009. The share price stood at 165.20 at the start of the day and 161.10 was the share valuation at the end of the day.

This leaves the price 1.86% lower than the Thursday October 15th price of 164.10 and this price is 2.85% down from 165.70 on Wednesday October 14th.

Partgaming was fairly solid on Friday with at 279.00  but that still leaves the price 1.25% down from 282.50 on Wednesday.

Cryptologic was the big loser on Friday as the Stock took a fairly massive hit. At the opening of business the value of shares was 5.18 and at the closing bell the value of shares was 4.98 . That is 28.9% down from 6.42 on Thursday October 15th and is all of 26.7% down from 6.31 on Wednesday October 14th.

While Cryptologic did have an awful day and their shareholders will be very happy to see the weekend coming for the opportunity to get a breath, the rest of the sector continues with its more lethargic yet not hugely damaging outlook.

About Thomas Derlan 213 Articles
Thomas Derlan worked directly in the online casino industry for a number of years as an affiliate manager at a large online casino and writes about the global gambling industry for Rouletters.com