Anyone holding these? Evil K drove the price right down and now they seem to be recovering---are they worth considering now they seem to have sorted out their finances?

sold all my sbt this morning before going to work. I managed to get 1.84 back per share I lost a little. THIS SHARE SEEMS TO GO UP AND DOWN LIKE A YO YO. I may consider buying some more if they go back down to the 1.70 level. Are you still in there pete?

wise move JB ..... takes off all the pressure .... think i must have ditched this week's Shares mag, but recommend you get hold of a copy before reinvesting in this sector .... and i am 95% certain SBT is one to avoid, at least in the near future

cynic i have still got my 80,000 prty. I am a lot of money down on the party gaming they have dropped .17p per share on me. I do not think that are as risky at the sportingbet ones, but having said that the spb be still seem to be a very popular share at the moment. Peter your losses must be soming down quite a bit at the moment to say they dropped down to 1.42 a little while ago. Cynic i am now going to send you a little message on goo, so have a look. best of luck to peter. I would only consider buying back into sbt on a daytrading buy now.i will be back in touch again soon.

janet-have a look at 888-they have been hit as well but came out with excellent results and a generous dividend on 13th october.

BUT, don't forget that all the profits being announced by betting companies are probably artificially high due to good results from this years World Cup. The next 12 months may not be as good.

US GAMING BILL DEAD AND BURIED...SBT WILL HIT 240P TOMORO!

BUYUS Gambling Bill junction3
courtesy of "letthegoodtimesroll"

http://www.pokerlistings.com/frist-fails-in-bid-to-attach-online-gambling-ban-to-military-bill-9065

this is really good news. I sold my sbt yesterday, but I have now 100,000 prty. I topped up yesterday with another 20,000 at 1.007p per share. I am pleased for pete that these are coming back well. If the americans have failed to gen an online gambing ban, then this should bring faith and trust back to the gaming market. Maestro I am now going to have a look at the news on the above website.

Sorry JB for not responding early, lets hope so. Keep our fingers crossed!!

Janet if you like this kind of stock , look up btx , moving in the right direction .

fliper i have taken note of your tip of btx. I have now put it on my stock list, I will now keep an eye on it for a while. Maestro, sorry i could not find the gaming news you mentioned. I will have a look out for it now though.

Frist fails in bid to attach online gambling ban to military bill
2:40 PM, Wednesday, September 20, 2006 by


The National Right for Online Gaming (NROG) confirmed through their sources in Washington D.C. that Senator Bill Frist failed in his attempt to add the Internet Gambling Prohibition and Enforcement Act to a Department of Defense (DOD) authorization bill.


The Senate Majority Leader was attempting to push the online gambling ban through the Senate by attaching it to a bill that authorizes military operations such as those in Iraq and Afghanistan. The move would have moved it through the Senate without having it taken to a floor vote.

The NROG has three sources they're working with to gather information about what's going on with the bill. Jason Bailey, NROG director of development, said one of their sources knew as early as Friday that Frist's effort had failed, but it was confirmed by all of their sources this week.

"We were hesitant to announce this 'victory' until all three of our sources confirmed it," Bailey said. "The actual DOD bill will be out of conference today, but we are confident in our sources that the gambling language has been removed."

Frist came up against opposition from both sides of the online gambling issue as well as from both the Senate and the House during his attempt. According to the NROG some people wanted all of H.R. 4411 added to the DOD bill, not just the payment process part, while others didn't want it at all.

"Most opposition came from those on the Armed Services Committee," Bailey said. "Senator Carl Levin (D-Mich.) and Senator John Warner (R-Va.) were the two most influential, although it's important to note there were several other key players that stopped him - this time."

Frist will likely continue to look for another bill to attach the online gambling ban to as the remaining days of the session wind down for the year and time runs out for the Senate to bring the bill to a vote.

"I believe Frist will try to keep it closer to the vest this time to avoid the outrage that he received when he went after the DOD bill. I don't think he expected it to raise as many eyebrows as it did," Frist said. "Expect him to take a much more quiet approach if he tries it again. Our sources tell us he has every intention of doing so."

The NROG, a nonprofit organization created to help fight an online gambling ban, is urging people to continue their efforts to make their voices heard on the online gambling issue by calling, writing, an e-mailing their representatives in Congress in order to prevent the bill from passing or being attached to other legislation.

very interesting. Thankyou for posting this to us. Are you holding any gaming shares at present?

Reuters - Sat Sep 30, 2006

US Congress approves Internet gambling ban bill - By Peter Kaplan
(Updates with final approval of House)


Most forms of Internet gambling would be banned under a bill that received final U.S. congressional approval early Saturday.

The House of Representatives and Senate approved the measure and sent it to President George W. Bush to sign into law.

The bill, a compromise between earlier versions passed by the two chambers, would make it illegal for banks and credit card companies to make payments to online gambling sites.

Democrats had accused Republicans of pushing the bill to placate its conservative base, particularly the religious right, before the Nov. 7 congressional elections.

"It's been over 10 years in the making. The enforcement provisions provided by this bill will go a long way to stop these illegal online operations," said Sen. Jon Kyl, an Arizona Republican and a chief sponsor of the measure.

Negotiators from the Republican-led House and Senate reached a deal on the legislation Friday and attached it to unrelated legislation to bolster port security, which the Congress approved.

The final bill dropped earlier provisions opposed by some gaming interests that would have clarified that a 1961 federal law banning interstate telephone betting also covers an array of online gambling.

Investors in British-based gaming companies such as BETonSPORTS Plc (BSS.L: Quote, Profile, Research), Partygaming Plc (PRTY.L: Quote, Profile, Research) and 888 Holdings Plc (888.L: Quote, Profile, Research) have tracked the legislation.

Senate Majority Leader Bill Frist, a Tennessee Republican and potential 2008 presidential candidate, recently appeared at a hearing in Iowa -- the state that holds the first presidential nominating contest for the 2008 election -- to listen to concerns about Internet gambling.

can't wait to buy in on monday         .......probably around the 20p mark!!

that reuters news is very misleading...the final update says internet gambling is not banned..typical thick city hacks

Update from NROG: National Right For Online Gaming

CONGRESSIONAL UPDATE: The United States Congress has passed the Unlawful Internet Gambling Enforcement Act of 2006. After review (Click Here To Download) this bill is largerly ceremonial and it DOES NOT amend the Wire Act. The UIGEA deal only with payment methods inside the U.S. including banks wires, checks, and other US internet payment companies. Thankfully it appears to be business as usual for the most of the industry, but please understand the Wire Act Amendment is an issue that can easily be raised again. This fight is not over until that threat is gone.

http://www.saveonlinegaming.com/

It was a minor victory for gaming companies, in that Frist dropped the important Wire Act part (as he knew this COULD NOT go through) and went underhand to put in place "toothless" legislation that is face saving for him.

This will have no effect on gaming, given what it says and how its going to go, and in fact should REMOVE a lot of the uncertainty, in that Frist and his Wire Act clarifications (which could effect the gaming world) had to be removed and is likely not to surface for a long time again.

Celebrate that this is a minor victory for the gaming companies, and their future is now a bit more secure IMO.



Measure to curb internet gambling falls short of applying existing laws to web

http://www.gambling911.com/internet-gambling-093006.html

Even House Homeland Security Committee Peter King Chairman Peter King, R-N.Y., who headed House-Senate negotiations on the port security bill seemed taken aback by the internet gambling measure.


The bill falls short of adding clarity to an already existing 1961 Wire Act that prohibits betting via phone across state lines and failed to apply that law to gambling on the web. This is being viewed as a slight victory for the online gambling community as it is now unlikely such revisions will ever be added in the future.

Internet gambling bill could get tied up in litigation...

http://www.gambling911.com/internet-gambling-bill-093006.html

Peter, have not heard from you for a few days. Since I last sent you a post I bought another 7097, at 1.765 and I sold them on wed at 1.8625. I made 608.32 on that deal. I bought 10,000 on 11.10.06 at 1.75 and sold them at 1.7822. Made 214 profit on this deal. if I had sold the ten thousand in the afternoon when I sold the 7097 I would have made appprox another 800. Its all to do with timing. Unfortunatly this is something we will never know when it is right time. Anyway I made a quick 822 profit on both deals. I may buy more monday morning. Are you still in? I have now reduced my holding of 100,000 partygaming to 80,000. I may top up on this agin tomorro as they go ex div on wednesday. Good look to you peter.

Sunday Telegraph
US Congress acts to ban online bets
By Richard Northedge and Louisa Gault
(Filed: 01/10/2006)

A bill making it illegal for banks and credit card companies to process payments to online gaming companies was unexpectedly approved by the US Congress yesterday, threatening to devastate the business of British companies such as PartyGaming, 888 Holdings and BetonSports.

The bill now needs only the approval of President George Bush to become law, and he is widely expected to sign it before the November 7 congressional elections to gain support from the political right.

A ban on online gaming payments will be a crippling blow to a fast-growing UK industry already reeling from the arrest of executives in America for allegedly breaching gaming laws.

PartyGaming was floated on the London Stock Exchange last year despite its prospectus containing 33 pages warning of risks such as a block on money transmission. The FTSE100 company earned 85 per cent of its revenues from US clients using its internet services.

Its shares have been highly volatile as the price reacted to threats to its business. They have fluctuated between 180p and 71p and were already 9p below their 116p flotation price before yesterday's move; they are expected to fall further this week along with smaller rivals.

The main losers will be the company's founders, even though they have sold 1.2bn of shares in the flotation and subsequently. Other investors include Coral Ventures, with an 8.6 per cent stake worth 369m on Friday, and Barclays with a 3 per cent holding.

US politicians have been trying to ban remote gaming for more than a decade and yesterday's move makes it almost certain that they will attain their goal. Previously, the Senate has resisted such efforts but Republican leader Bill Frist secured a breakthrough at the last minute by attaching the gaming provisions to an unrelated bill dealing with port security.

Frist said: "Gambling is a serious addiction that undermines the family, dashes dreams and frays the fabric of society. For me, the bottom line is simple: internet gambling is illegal. Although we can't monitor every online gambler or regulate offshore gambling, we can police the financial institutions that disregard our laws."

Andrew McIvor, the finance director of Sportingbet, which takes most of its bets from the US market, said last night: "We have not discussed it yet as a board and have not taken on what it really means for the company as yet. Things will unravel during the week."

The company's former chairman, Peter Dicks, was released on Friday after New York's state governor refused to sign an order extraditing him to Louisiana to face charges of illegal computer gambling.

The bill incorporates aspects of legislation put before the Senate earlier this year and was passed despite protests from the banking industry, which said the measures were an impractical and expensive burden. Once passed, financial organisations will have to block electronic transfers of funds to the gaming companies.

Although some clients may find alternative payment routes, the banks' clampdown would affect the majority of the companies' US business.

The port security bill was being debated on Friday when Frist added his gaming amendment. Debate continued until yesterday but despite Democrat opposition, members were reluctant to lose the core of the bill and passed it with the online gambling provisions. The House of Representatives and Senate both approved the bill early yesterday before passing it to Bush.