The shares of British bookmakers fell because of Brexit
The shares of bookies William Hill, Ladbrokes, 888 and Paddy Power Betfair reduces in price as a result of the United Kingdom European Union membership referendum.
William Hill shares fell 22% but later recovered to 29.7 points from initial 300.2. The shares of Paddy Power Betfair fell 25%, recovered but they still have a loss of 2.5% during a day. The shares of Ladbrokes, GVC, 888 and Rank Group fell over 10%.
Although, their prices recovered after the trading on London exchange market started.
The experts say that the results of the Referendum will cause short-term influence on the bookies as GB will be the member of the EU for two more years and the terms of its exit will be discussed.
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