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Chips are down in the online gaming sector



Printer Friendly VersionPost a CommentTell a Friend about this Article16 October 2006
As reported by: IC Newcastle
Investors will get another glimpse at the health of the retail sector this week when a clutch of second-tier firms come to the market with updates.

Two of the biggest firms in the UK-based gaming sector will give an insight into how they plan to cope without customers from the United States.

Paradise Poker chain Sportingbet and Party Poker owner PartyGaming are both scheduled to issue trading updates, with the passing of legislation prohibiting online casino and poker bets certain to be the focus.

Sportingbet was first thrust into the spotlight when its now former chairman Peter Dicks was arrested under laws governing gambling by computer.

Mr Dicks will not now face trial but since then the company has been forced to sell its US operation for one US dollar - just as President George Bush was due to sign the Internet Gambling Enforcement Act.

Article By: IC Newcastle

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