Gaming shares crash after US bill banning online gambling
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Shares in online gambling companies listed in London, have lost more than half their value after a dramatic move by US authorities to ban gambling on the Internet.
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Britain's online gambling firms switched  their sights away from the United States to look for new growth  areas on Tuesday after the U.S. Congress passed legislation to  end Internet gaming in their biggest market.
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WASHINGTON  - Antigua and Barbuda beat long odds as the World Trade Organization confirmed its ruling that a ban in the United States on Internet gambling violates global trading rules.
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A federal Internet gambling ban poses threats to lawful gaming online and must be amended right away, players argue in a Capitol Hill lobbying blitz.
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Most forms of Internet gambling  would be banned under a tentative agreement reached on Friday  by U.S. congressional negotiators.
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Online gambling firms faced their biggest-ever crisis on Monday after U.S. Congress passed legislation to end Internet gaming there, threatening jobs and wiping 3.5 billion pounds ($6.5 billion) off company values.
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A bill in Congress seeks to eliminate military slot machines overseas that take in $130 million a year, mostly from soldiers. Part of what has prompted the bill  is one soldier's gambling addiction, which ruined his Army career and led to his suicide.
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The chairman of on-line gambling website Sportingbet has been detained by authorities in the United States, the company announced, leading to a suspension of trading of its shares in London.
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A World Trade Organization panel on Wednesday ruled that the United States should drop its ban on Americans wagering with offshore Internet casinos.
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THE World Trade Organisations (WTO) has told the US to dump its ban on offshore Internet gambling. Currently the US does not allow its citizens to place bets in those nasty foreign online casinos and the tiny
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Efforts to win U.S. congressional   passage of a bill to ban most forms of Internet gambling by   tacking it onto a must-pass bill hit a roadblock on Tuesday,   but aides said Republican backers were exploring other ways to   make it law.
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A World Trade Organization panel said Wednesday the US government should drop prohibitions on Americans placing bets in online casinos - a ruling that could open the United States to offshore Internet gambling.
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The European Commission, in a blow to  European online gaming companies, on Monday struck a deal for  compensation from the United States over a U.S. decision to  close its gambling markets to foreign operators.
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Europe's online gaming  industry filed a complaint with the European Commission on  Tuesday, saying Germany's ban on online gambling breaks EU law  on the free movement of services.
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LONDON/NEW YORK  - The United States has arrested   a second Internet gaming executive, adding to fears of a   crackdown on the lucrative industry and wiping over $1.5   billion off the stock market value of the UK-listed sector on   Thursday.
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Half-year profits at online gambling firm Partygaming are wiped out, after it was forced to stop trading in the US.
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The European Commission dealt a blow to European online gaming companies on Monday when it accepted a U.S. offer of openings in other sectors as compensation for closing U.S. gambling market to foreign firms.