Europe's Online Gambling Sites Get Unlucky

A new trade pact shuts companies like Partygaming out of the U.S. market for good and sends them looking for new markets in Europe and Asia

The odds seem to be stacked against Europe's online betting sector. After being shut out of the U.S. market last year, companies such as Britain's Partygaming (PRTY.L) and Austria's Bwin (BWIN.BE) were dealt another blow on Dec. 17 when the European Commission announced a trade settlement with the U.S. that scuppers their chances of re-entering that lucrative market.

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