Share Prices Plummet Following US Senate’s Move
By Joe M
Shares in online gaming firms have dived this morning on the London Stock Exchange, as the industry grapples with the news that the US Senate has passed a bill outlawing internet gambling.

Party Gaming has seen a massive 60% drop in prices, while 888 has seen its stock fall by 45%. This has caused the latter to suspend all US business for the foreseeable future and issue a statement saying that this and next year’s figures will be severely affected.

Party has said that it will follow 888’s lead once President Bush signs the bill into law, most likely within the next two weeks.

Stay with iGaming Business for the latest updates and exclusive expert opinions on the biggest story of the year.

Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.