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Posted by: ian_go at March 19, 2006, 6:53 pm

Topic: Online gaming groups hit by fresh US threat Forum: Winner Online

independent.co.uk

Shares in online gambling groups dipped lower yesterday after a bill aimed at stamping out the $12bn (£7bn) industry in the US cleared its first hurdle on its way through Congress.

London-listed shares in the poker giant PartyGaming and its rivals 888 and Sportingbet, which get much of their business from the US, were hit by up to 9 per cent in early trading after the US House of Representatives Committee on Financial Services approved a bill designed to ban the use of credit cards, cheques and electronic fund transfers for online gaming.

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