There’s a brand new law waiting to be signed by President Bush which was presented to Congress which is holding the $12 billion online gambling business with a thread. It appears that its election break was taken by Tennessee Senator Bill First, by joining it to the Safe Port Act, introduced the bill on Saturday in November.
The Unlawful Internet Gambling Enforcement Act which is likely to be signed by President Bush, will almost finish off all online gambling sites by which makes it illegal for online payment system, credit card business or any bank to process any payments being made to onlinegambling.
The brand new law seriously sets the business in turmoil and states that Online Gambling websites are actually prohibited from taking any kind of check, credit card or electronic transfer payments for net gambling in america.
Surprised in the passing of the new debilitating law, extreme measures were taken by the leaders in the online gambling business and began to trade stock on the London Stock Exchange which erased $8 billion from the sector off. PartyGaming, the world ‘s largest agen bolawebsite said that they’d stop their ties using the 920,000 active US customers they now have when really act. is the signed by signs
The sector is being dramatically changed even though the brand new law has not yet been signed. PartyGaming’s stocks alone have dropped 60% ending up at a measly .81 cents a share. Other websites like 888 and SportingBet Holding were additionally impacted by the change and have lost lots of cash on their shares. 888 Holding, for instance, had a 48% decrease on their shares falling them down to $1.42 on the British Market and denoted that it was going to no longer continue its online gambling business in the United States.
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