888 and Bwin shares skyrocket as US wagering rivals closed
bet9ja.com
18 April 2011
bet9ja.com
Shares in London-listed online wagering companies surged after some huge poker sites in the US were shut for alleged prohibited activity.
At the yohaig code close of trading, Bwin were up 30% and 888 up 15% as investors hypothesized that the US closures would boost their operations.
On Friday, 11 people linked to three significant poker sites were charged with offences, consisting of scams.
The US probe includes 3 sites: Full Tilt, PokerStars, and Absolute Poker.
Federal US authorities accused the three online poker sites of manipulating banks to process billion of dollars in unlawful income.
According to Execution Noble analyst Geetanjali Sharma: "The closure of the primary rivals' operations and the US legal procedures initiated against them must benefit European noted operators."
Playtech, another video gaming site, also saw its shares jump 11%.
'Criminal scams plan'
bit.ly
Prosecutors in New York City on Friday said they had actually issued limiting orders against more than 75 checking account in 14 countries used by the poker companies.
US Attorney Preet Bharara stated the websites "cooked up a fancy criminal scams plan, alternately tricking some US banks and successfully paying off others to assure the continued flow of billions in unlawful gaming revenues".
the yohaig code indictment stated the three gambling websites did not comply with the US Unlawful Internet Gambling Enforcement Act, developed in October 2006.
The law makes it prohibited for betting services to accept most kinds of payment from individuals associated with unlawful web gambling.
The indictment looked for $3bn (₤ 1.8 bn) in money laundering penalties and forfeiture from the websites.
the yohaig code authorities stated Absolute Poker had stated soon after the law was enacted that the US Congress had no control over the business's payment deals.
PokerStars published a statement to its gamers on Saturday, saying it had to money play for customers based in the US.
bet9ja.com
"Please be guaranteed gamer balances are safe. There is no cause for issue," the business stated.
"For all customers outside the US, it is company as typical."
bit.ly
A message published on the PokerStars.com site by the FBI stated the firm had seized the domain name in connection with the investigation.
Ladbrokes ends 888 takeover talks
15 April 2011
bit.ly
US specifies gamble on online poker
25 March 2011
bet9ja.com
1
888 and Bwin Shares Soar as United States Betting Rivals Closed
quyen65z738827 edited this page 2025-10-18 03:48:17 +08:00