Investors are taking a punt on online gambling companies following a ruling than German restrictions breached European law.
The European Court of Justice ruled there should not be a state monolopy of sports bets and lotteries in Germany, potentially opening up new opportunities for the online gaming groups. PartyGaming shares have climbed 12.9p to 285.5p on the news while its merger partner - Austria's Bwin - is more than 6% higher. 888 Holdings is up 1.25p at 41.75p while Sportingbet has added 0.25p to 67.25p.
Overall, a positive start on Wall Street has helped support the FTSE 100, which is now up 29.10 points at 5436.92. Arm continues to be the top riser, while BP is off its best levels following the release of its own report into the Gulf of Mexico disaster, now up 5.95p at 412.75p.
