European gambling sites on Monday warned that legislation aimed at ending Internet-based poker games in the U.S. would hammer earnings, sparking massive, double-digit drops in share prices. Congress last week passed legislation forbidding gaming sites from collecting funds from U.S. citizens for gambling considered illegal by local or national laws. Passage of the gambling portion caught critics off guard, as it was attached at the last minute in a committee meeting.
October 04, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Editor’s note: This story originally misidentified Battersea Power Station development director John Anderson as a former CEO of 888 Holdings plc. Battersea’s Anderson has never been associated with 888 Holdings. The story shown below has been corrected.
European gambling sites on Monday warned that legislation aimed at ending Internet-based poker games in the U.S. would hammer earnings, sparking massive, double-digit drops in share prices.
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