Online-Gambling Shares Plunge on Passage of U.S. Crackdown Law
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The U.S. governmentÂs move to criminalize the processing of online wagers led to a Black Mondy for the online-gambling industry.
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Mainland stock markets slid lower on Monday on news that the government was taking over four troubled brokerages, causing concern that further crackdowns lie ahead.
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Text of report in English by South Korean news agency Yonhap  Seoul, 14 September: South Korea will step up its crackdown on illegal online gambling, blocking the access of local people to a total of 128 related Internet sites this year, a top policymaker said Thursday [14 September].
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Shares of casino operators moved lower Wednesday as Wall Street reacted to Hurricane Ivan, the latest storm of the season, poised to hit the Southeastern United States within the next 24 hours.
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The Australians have adopted new policies this year: shutting down the on-site gambling window and shutting down on-site access to real-time Internet gambling Web sites.
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LONDON/NEW YORK  - The United States has arrested   a second Internet gaming executive, adding to fears it is   cracking down on the lucrative industry and sparking share   price falls on Thursday that wiped over $1.5 billion off the   market value of the sector.
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The World Trade Organization explained yesterday why it had ruled that the United States violated its international trade obligations by prohibiting Americans from gambling over the Internet.
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Online gaming firms faced their  biggest-ever crisis on Monday after U.S. Congress unexpectedly  passed legislation to ban online gaming there, threatening jobs  and hitting stocks by as much as 70 percent.
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US casino operators are queuing up for a share of the burgeoning British market, betting on an outbreak of gambling fever after MPs voted to loosen laws governing the industry.
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Shares in online gambling company Sportingbet PLC, whose chairman is facing charges in the U.S., plummeted 41 percent Monday after they resumed trading.
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Internet gambling firm 888 Holdings Plc  is expected to freeze indefinitely business from U.S. customers on Monday after Washington moved to tighten its online gambling laws, the Financial Times said.
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The World Trade Organization slaps the United States with a token $25 million fine for its banning of online gambling, a move that could have unpleasant implications for Antigua and Barbuda, an offshore gambling haven.
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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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GENEVA -- A ruling from the World Trade Organization could open the United States to offshore Internet gambling. A WTO panel says the federal government should drop its ban on Americans placing bets at online casinos.
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Competition usually means better odds for the gambler. Here's a case where the game got worse.
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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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LONDON -- Shares in British online gambling companies, including Sportingbet PLC and PartyGaming PLC, dived Monday after the U.S. Congress passed legislation prohibiting the use of credit cards, checks and electronic fund transfers for online gaming.