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There is a brand new legislation waiting to be closed by President Bush that was shown to Congress that is keeping the $12 billion online gambling business with a thread. It appears that Tennessee Senator Bill Frist, introduced the statement on Saturday by joining it to the Secure Interface Behave before Congress took its election break in November.The Unlawful Net Gaming Enforcement Behave that's anticipated to be closed by Leader Bush.
can almost end all on the web gambling web sites by rendering it illegal for almost any bank, charge card company or on line payment process to process any obligations being built to on the web gambling companies.The new legislation claims that Online Gambling websites are now actually forbidden from accepting any kind of always check, credit card or digital move obligations for web gaming in the US and significantly sets the in chaos.Surprised at the driving of this new debilitating legislation, the leaders in the web gaming market needed severe measures.
started initially to trade off stock on the London Inventory Trade which removed $8 billion from the industry. PartyGaming, the world's greatest online gaming site said that they'd cease their ties with the 920,000 productive US clients they already have only if Bush really signs the newest act.Although the new legislation hasn't yet been signed, a has already been being drastically affected. PartyGaming's stocks alone have slipped 60% finding yourself at a measly .81 dollars a share.