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Online gambling shares rise despite U.S. bill
PartyGaming, Plc. shares have been rebounding the past few days despite the House of Representatives passing a bill that could ban online gambling in the United States.
When the London Stock Exchange opened today, PartyGaming, Plc. saw their stocks open at 109.25p after a 4.3% rise yesterday continuing its climb the previous day also. PartyGaming, Plc. had been on a decline in recent months but seems to have caught a boost in the aftermath of the U.S. Representatives' vote Tuesday on the Internet Gambling Prohibition and Enforcement Act.
Online gambling businesses are illegal in the United States, and the bill would effectively ban people from gambling in any online site except those set up for state lotteries and horse race betting.
PartyGaming, Plc., like many of the international online gambling sites, gets a large part of its customers from the United States. Approximately 84% of its business comes from there, while 888 Holdings, Plc. gets about 54% of its business from there as well.
News Added: 14 July, 2006
Number of views : 267
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Disclaimer:
People from thousands of jurisdictions access the internet. It is impossible for us to stay current with the laws of every jurisdiction. Please make sure that any activities you engage in online are legal where you live.
We have reason to believe that it may be illegal to gamble online in: Illinois, Indiana, Louisiana, Nevada, Oregon, South Dakota, Washington, Michigan, New York, New Jersey and Wisconsin. If you live in one of these states, we advise you NOT to gamble online. |
Poker News Today.com © 2005-2008 Poker News
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