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Gambling firms see shares plunge
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CJ Cregg
Commodore


Joined: 05 Oct 2002
Posts: 1254
PostMon Oct 02, 2006 9:44 am    Gambling firms see shares plunge

Quote:
Shares of online gaming firms have plunged after the US Congress passed a bill cracking down on internet gambling, threatening their business.

Shares in Partygaming were down 55% in afternoon London trade, while shares in 888 Holdings tumbled by more than 30%.

http://news.bbc.co.uk/1/hi/business/5397920.stm


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John Luck Pickard
Lieutenant


Joined: 18 Sep 2006
Posts: 150
Location: Orange Co., NY
PostMon Oct 02, 2006 5:45 pm    

What a ridiculous law. I do sports betting as well as poker gambling online. Does Congress believe that we aren't responsible with our own money that they have to limit stuff like this. How can the representatives who represent the people and then create a law that can't be reasonablt supported by any of the people. If people don't want to gamble online, don't. If we want to do that, then let us. Am I way off-base here?


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"Is there a John Luck Pickard here"?, -Q, Tapestry
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webtaz99
Commodore


Joined: 13 Nov 2003
Posts: 1229
Location: The Other Side
PostTue Oct 03, 2006 10:21 am    

The problem is that the states control gambling, and the Feds don't get a slice. People who live in states where they can't gamble in person can do so online, which violates state law and doesn't give the Feds any money.


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