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| | | March 22 - Yet another attempt by yet another close-minded US politician to ban online gambling
outright in the United States, has cast a shadow over the maiden results of LSE listed 888 Holdings, a large online casino and online poker group.
News that US Congressman Jim Leach had steered a bill through the US House of
Representatives' financial services committee, triggered a sell-off of online
casino gambling stocks in early trading last week.
Shares in both 888 and its even larger rival, PartyGaming,? rallied just before the
close of market, after a big effort by both companies to persuade their
investors that the Congressman's bill would not become law.
888?Holdings rose by a half to 180p while PartyGaming closed a half higher
at 121p. However, another listed online sports betting company, SportingBet, saw
its share price drop by 10p to 345p by the close.
Congressman Leach joins two other Congressmen, Jon Kyl and Bob Goodlatte, as the
biggest proponents of online casinos and online gambling in the United States.
They are reminiscent of the type of politicians that were prevalent in America
during the McArthy era.
Only this time online gambling is the 'perceived' enemy and target, not communism.
888 Holdings owns and operates
Casino on Net and
Pacific Poker, two of the most
popular online gambling destinations on the Internet.
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