|
|
|
| | | April 28 - What started out as a relatively quiet day for the London Stock
Exchange (LSE) yesterday, soon became a hive of activity as news broke that the American
Gaming Association (ASA), the US gambling industry's official trade body, is
finally showing support for the online gambling industry.
As a powerful lobbying association, the AGA is putting pressure on the US
congress to look at regulating and taxing the online gambling industry, instead
of following through on its current objective of introducing legislation to
'criminalize' online casino operators and players.
Online gambling stocks on the LSE responded with vigor to the good news,
particularly 888 Holdings and PartyGaming, two of the largest online gambling
stocks. 888 Holdings shares gained 7p to end at 244p, while PartyGaming, the
biggest mover, gained 6.75p to end at 152.75.
Ever since the companies listed on the LSE, their stock prices have fluctuated as rumors have
constantly circulated regarding the United States'
anti-online gambling stance.
Online gambling industry insiders are thrilled that the industry finally seems
to have earned the backing of the ASA, a gambling-lobbying powerhouse in the US.
On a the LSE trading floor, a trader was quoted as saying that the news created a
great 'short-term' breathing space for online gambling stock and expectation of great things to come if
the US completely legitimized online casino gambling.
| Related Articles:
| - Online Casinos Running Extreme May Promotion
- Online Casino Boasts Record $2.4 Million Jackpot
- Online Casino Airline Sponsorship Fails to Take Off
- Online Casino Gives Away Another Plasma TV
- Online Casino Advertising Rules May Change in UK
- Online Casino Ban Opposed by US Voters, Poll Shows
- US Ignores Online Gambling WTO Ruling
- Online Casino Sponsors Cliff Ramping Car
|
 |
|
|
