US law hits Partygaming profits
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Internet gambling firm Partygaming sees pre-tax profits fall 57% after a US internet gaming crackdown.
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Shares in online gambling companies listed in London lost half their value after a dramatic move by US authorities to ban gambling on the Internet.
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Online gaming stocks were set to plummet at the start of Monday's session, with PartyGaming  expected to fall as much as 40 percent, after U.S. Congress approved a bill to ban Internet gambling.
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LONDON/NEW YORK  - The United States has arrested   a second Internet gaming executive, adding to fears of a   crackdown on the lucrative industry and wiping over $1.5   billion off the stock market value of the UK-listed sector on   Thursday.
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Skill games redux GIGSE 2007 Two more pieces of legislation designed to reform the American gaming market found their way into Congress last Thursday.â¦
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Online gambling firms faced their  biggest-ever crisis on Monday after U.S. Congress passed  legislation to end Internet gaming there, threatening jobs and  wiping 3.5 billion pounds ($6.5 billion) off company values.
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Online gaming group PartyGaming Plc said  on Monday it would stop doing business with U.S. customers if  legislation passed there aimed at preventing gambling over the  Internet was signed into law.
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US customers to get money back no later than 30 July Neteller has reached an agreement with American authorities concerning its financial transactions with American internet gambling customers.â¦
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The United States has arrested  a second Internet gaming executive, adding to fears of a  crackdown on the lucrative industry and wiping over $1.5  billion off the stock market value of the UK-listed sector on  Thursday.
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The United States detained a second   Internet gaming executive on Thursday, adding to fears it is   cracking down on the lucrative industry and sparking share   price falls that wiped over $1.5 billion off the market value   of the sector.
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PartyGaming Plc PRTY.L said on Tuesday   it was cancelling its interim dividend following its decision   to suspend all gaming business with U.S. players in the face of   a ban.
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Slot manufacturer gets pummeled after releasing profit warning.
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The United States detained a second  Internet gaming executive on Thursday, adding to fears it is  cracking down on the lucrative industry and sparking share  price falls that wiped over $1.5 billion off the market value  of the sector.
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Online gambling firm PartyGaming Plc  reported first-half earnings in line with previously lowered  expectations and said it was still trying to cut a deal with  U.S. authorities following a crackdown on gambling there.
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A House panel voted Thursday to crack down on the &#36;12 billion Internet gambling industry by applying federal prohibitions to games like online poker, blackjack and roulette.
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US legislation on online betting was described as "protectionist" by the European Union's top financial regulator on Tuesday and may trigger legal action before the World Trade Organisation.
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The fundamental right of all Americans to lose money GIGSE 2007 An obscure organization - the Interactive Media and Gaming Association (iMEGA) - filed a lawsuit in federal court today seeking to challenge American policy on internet gambling.â¦