Casino Choice UK News Archive
Shares in Online Gambling companies soar as threat of ban fades
Republican Senator Bob Goodlatte’s attempt to outlaw certain types of online gambling, including online casinos, was looking badly damaged after yesterday’s debate in the House of Representatives.
It appeared that confusion over the bill’s carve outs appears to have been the major problem, causing industry experts to predict that the bill is unlikely to be passed. And its poor reception in the House had an immediate effect on the gambling markets, which saw shares in some companies jump by as much as 11 percent in a single day.
There is still the Kyl Bill to come, but no second debate was scheduled on Goodlatte’s Internet Gambling Prohibition Act, which is usually a bad sign for a piece of pending legislation.
Keep an eye on this space to see how proceedings develop.
It appeared that confusion over the bill’s carve outs appears to have been the major problem, causing industry experts to predict that the bill is unlikely to be passed. And its poor reception in the House had an immediate effect on the gambling markets, which saw shares in some companies jump by as much as 11 percent in a single day.
There is still the Kyl Bill to come, but no second debate was scheduled on Goodlatte’s Internet Gambling Prohibition Act, which is usually a bad sign for a piece of pending legislation.
Keep an eye on this space to see how proceedings develop.
Submitted: 2006/04/07 at 11:47:01
