Gambling Stocks Won't be Bullied by US Anti-Gambling Bill
Filed in archive Gambling General by jo on July 13, 2006

Partygaming increased nearly 5% whilst Sportingbet saw an increase of nearly 3%. Both companies are highly US-focused with US players forming a large percentage of their customer-base.
The Goodlatte-Leach sponsored bill would block most forms of online gambling - but noticeably includes a caveat that excludes state lotteries and horse racing. These exclusions have been argued as 'anti-competitive'.
Also causing the upswing is the suggestion that its unlikely the bill has time to get through the senate before mid-term elections - 2 previous attempts at similar bills have also never made it through
But the best part is Goodlatte calling online gambling "offshore, fly-by-night internet gambling operators are unlicensed, untaxed and unregulated and are sucking billions of dollars out of the United States"
Tell that to highly regulatory countries such as Gibraltar
, Aldernay and soon to be- UK - as well as billion dollar 'fly by nights' such as Partygaming and 888.com.The White House, which would ultimately have to approve the bill if it is passed by the Senate, issued a short policy statement after the bill was passed by the House of Representatives describing it as "important" but adding that the administration nevertheless had "some concerns" with it.
Article: Online gambling firms fly in face of Congress's censure
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Mr Wong
