Party's Over for Online Gaming BusinessWeek Online via Yahoo! News Investors in online gaming companies folded their cards and pushed back their chairs on Oct. 2 after the U.S. Congress passed a bill over the weekend that will effectively outlaw Internet gambling in the world's largest market. Shares of Gibraltar-based PartyGaming, the world's biggest Web poker company, nosedived 58% in one day, while 888 Holdings, a specialist in online casino and card games, Online-Gambling Shares Plunge on Passage of U.S. Crackdown Law New York Times The U.S. government?s move to criminalize the processing of online wagers led to a Black Mondy for the online-gambling industry. Australian online gaming shares plunge on new US restrictions AFP via Yahoo! News Shares in Australian online gaming companies crashed more than 50 percent in response to a US move to ban Internet betting. British Online Gambling Shares Plummet Washington Post 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. Medical News: Online Harassment, Unfit Teens, TV And School WCVB TheBostonChannel.com via Yahoo! News In Monday's medical news, NewsCenter 5's Liz Brunner reported on online harassment, teens and fitness and television's possible link to school performance. U.S. Bans Offshore Online Gambling NewsFactor via Yahoo! News Internet gambling companies are preparing to cash out all bets in the gambling game after the U.S. passed a bill over the weekend that bars banks and credit-card companies from making payments to online gambling sites. Royally flushed / Congress moves to severely limit online gambling, fund transfers San Francisco Chronicle Millions of online poker players wondered Monday how they will get their fixes satisfied after Congress passed a bill late last week to restrict online gambling in this country. The gambling provision, part of the Safe Port Act, prohibits banks and Online Gambling Still in the Cards? BusinessWeek Loopholes in the Unlawful Internet Gambling Enforcement Act may render it ineffective in preventing online betting Search Sophistication To Drive Online Sales, Marketing TechWeb via Yahoo! News Online sales are expected to increase by 53 percent this holiday season, compared to the same period last year. US measure hurts shares of UK online gaming firms Boston Globe Shares in British online gambling companies, including Sportingbet PLC and PartyGaming PLC, dived yesterday after the Congress passed legislation prohibiting the use of credit cards, checks, and electronic fund transfers for online gaming.
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