Internet gambling ban hard on foreign bookies.

[bartongrl1]

It would be a big loss of income for these countries. Which makes you wonder where it all will, and when it will end.

[quote]European Union officials will interview members of the Bush administration next month in advance of a potential trade challenge to the U.S. ban on Internet gambling.


The Remove Gambling Association (RGA) complains that a 2006 U.S. law placing new restrictions on Internet gambling has cost its members hundreds of millions of dollars in lost stock value.

The law made it illegal for banks to make payments to online gambling sites, which led companies that had been offering services to retreat from the valuable U.S. market. It also caused their stocks to plummet.


For example, the Gibraltar-based Internet gambling company Partygaming, which includes the popular partypoker.com website, had a market capitalization value of $10 billion in January 2006. It dropped to $2.4 billion after the new U.S. law was implemented, according to RGA Chief Executive Clive Hawkswood. Using today