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    September 29, 2005

    Gaming companies see fall in investor optimism

    Filed under: 888 Holdings, PartyGaming, IG Group, Hilton Group, Boots, DSG international, Regal Petroleum

    The equities markets in London were down on Thursday, with the FTSE 100 losing 0.3 percent to 5,478.2 and the FTSE 250 declining by 0.1 percent to 7,925.1.

    There were 3.1 billion shares traded on the day.

    In its debut, online gaming company 888 Holdings started with a share price of 175p, gained to as much as 183¼p, and then slid to end the day down 3.7 percent to 168½p as investors took into account the fact that interest in online gaming might be slowing.

    Another online gaming group, PartyGaming, was down 3.7 percent to 91¾p. But spread betting company IG Group was up 3 percent to 172p as it said recent trading volumes had been good.

    Leisure company Hilton Group, the owner of Ladbrokes, was up 2.4 percent to 315p on recommendations from ABN Amro and Deutsche Bank.

    Retailer Boots was down 3.3 percent to 608½p after reporting that second quarter revenues in its core chain were down 1.6 percent. DSG international, which owns Dixons, lost 2 percent to 150p. Regal Petroleum fell 31.8 percent ton the day to 88p on its interim results and as a result of the confirmation that there is a legal challenge being offered to its Ukranian oil licenses.





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