H.R. 4411 causes huge losses in U.K. Internet gambling sector

— Posted on October 2, 2006   

 The bill effectively prohibits U.S. financial institutions from processing transactions made by U.S. customers to offshore online gambling companies. PartyGaming, Plc., owner of PartyPoker.com, saw a drop of 57%, wiping more than £2.3 billion off the value of its shares, following its announcement that it would prohibit all U.S. gamers ...

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