Party's Over for Online Gambling
Investors in online gaming companies folded their cards and pushed back their chairs on Oct. 2 after the U.S. Congress passed a bill over the weekend that will effectively outlaw Internet gambling in the world's largest market. Shares of Gibraltar-based PartyGaming, the world's biggest Web poker company, nosedived 58% in one day, while 888 Holdings, a specialist in online casino and card games, lost more than a quarter of it value.
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