Justice Gambles on Net Crackdown

News that the Feds are after Internet gambling execs sent industry stocks tumblingand a strong message about the U.S.'s intent

Many in the online gambling industry weren't too worried when the U.S. flexed its legislative muscle earlier this month and passed a bill in the House of Representatives that would explicitly outlaw Internet betting. Some viewed it as a clarification of a law already on the books, while others said it had little chance of being signed into law. Shares in some online gaming companies barely budged on the news (see BusinessWeek.com, 7/12/2006, "Betting Against Online Gambling").

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