THE world might be experiencing an economic meltdown and Ireland may be in an even worse state of flux thanks to imprudent speculation by bankers, builders and governments. Yet despite all this, the more conventional type of gambling remains as popular and fruitful as ever.

The London market retreated today as fears over China’s decision to raise interest rates continued to weigh on the minds of investors.

Investors in Britain placed their bets on the success of gaming software designer Playtech today as its shares rose strongly following a £548m (€794.4m) flotation.