All Bets Are Off As Internet Casinos Broken by Us Lawmakers

Birmingham Post › October 07, 2006

Linked as:

Summary

Internet casinos were yesterday fighting for survival after they were left stunned by law makers in the United States who called "no more bets" and sent shares crashing this week.

Billions of pounds were lost when Congress effectively shut down online gambling operations in the US and deprived casinos such as Party Poker firm PartyGaming and 888 Holdings of their main source of revenue.

See the full content of this document

Extract

All Bets Are Off As Internet Casinos Broken by Us Lawmakers

It also left investors in a state of panic as the subsequent fall in share prices revived memories of the dotcom crash.

More than pounds 4 billion was wiped off the value of the online gaming sector...

See the full content of this document