Internet gambling shares plummet

The value of internet gambling shares plummeted today as the sector’s worst fears about legislation in the United States came true.

Internet gambling shares plummet
Mon, 02 Oct, 2006 - 12:36

The value of internet gambling shares plummeted today as the sector’s worst fears about legislation in the United States came true.

Top flight company PartyGaming tumbled 59% and second-tier firm 888 Holdings dived 35% after US Congress passed laws banning banks and credit card companies from processing payments to online casinos.

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CourtsBusinessHeathrowPlace: United StatesPlace: UKPerson: Kevin LomaxOrganisation: PartyGamingOrganisation: 888 HoldingsOrganisation: US CongressOrganisation: Anglian WaterOrganisation: AWGOrganisation: Scottish PowerOrganisation: British AirwaysOrganisation: SportingbetOrganisation: Insurer PrudentialOrganisation: MisysOrganisation: CitigroupOrganisation: BritvicOrganisation: PermiraOrganisation: RobinsonsOrganisation: Tango
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