Free Republic 3rd Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $38,087
47%  
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Keyword: stocksareagamble

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  • £4bn wiped off value of online gambling shares after US law change

    10/02/2006 3:49:38 PM PDT · by Alterboy1964 · 165 replies · 2,905+ views
    Daily Mail (UK) ^ | 2 October 2006
    £4bn wiped off value of online gambling shares after US law change Around £4 billion was wiped off the value of online gaming stocks today after a controversial move to prevent internet gambling in the United States. Shares in the sector tumbled by as much as 80 per cent as investors reacted with dismay to new laws in the US which ban banks and credit card companies from processing payments to online casinos. The legislation was a major blow for firms such as Party Poker owner PartyGaming and 888 Holdings, which rely heavily on the US for business. The two...