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?

The Times
October 02, 2006
Need to Know: Global Business Briefing

The internet gambling industry is preparing itself for a massive share sell-off after the US Senate pushed through a bill outlawing the processing of bets by banks and credit companies.
888 Holdings, which is listed in London, will announce that it is halting its US-facing operation.

PartyGaming may suspend U.S. gaming business
Mon Oct 2, 2006 7:20 AM

LONDON, Oct 2 (Reuters) - Online gaming group PartyGaming Plc said on Monday it would stop doing business with U.S. customers if legislation passed there aimed at preventing gambling over the Internet was signed into law.

"If the President signs the act into law, the company will suspend all real money gaming business with U.S. residents, and such suspension will continue indefinitely," it said in a statement.

"Any such suspension would also result in the group's financial performance falling significantly short of consensus forecasts for 2006 and 2007," it added.

Sportingbet warns on gaming ban, scraps merger
Mon Oct 2, 2006 7:29 AM

LONDON, Oct 2 (Reuters) - Online gaming group Sportingbet Plc said on Monday it would scrap a planned merger and might stop doing business with U.S. customers after legislation was passed there aimed at preventing gambling over the Internet.

"Should Sportingbet's non-U.S. international banking partners determine that the act applied to them, then Sportingbet would no longer be able to take deposits from U.S. residents and this would have a material impact on the company's trading performance," it said in a statement.

"The boards of Sportingbet Plc and World Gaming Plc have discontinued any discussions with regard to a potential offer by Sportingbet for World Gaming," the two groups added.

SBT down 74% and falling !!!!!!

PRTY down 32% and falling !!!!!!

888 down 40% and falling !!!!!!

And also associated companies, Neteller, Empire etc down 50%.

but rising already!

peter do you still hold your shares?

GET OUT AND STAY OUT is my advice

This is very high risk now, with revenue flow due to be cut in half.
But, for the brave ones, you could have made 40% on this stock this morning!
888 looks a bit more secure, but Partygaming taken a bad hit.

JB

I read the news over the weekend and i could stop thinking about the legislation. This morning i sold out at 1.20. Took a massive loss!!

peter ... though that may have been painful, it was (imo) absolutely the right decision .... no recovery is likely within the immediate future if at all

hello peter, I am sorry to hear your news regarding your big loss. I was advised at 8.00 this morning not to sell my prty they were at .42p then. I have a financial advisor in London. I very nearly sold first thing, but for the phone call. I was told to sit tight, and wait to see how the market went. This was for my prty. I was told that if things started to look any worse, then I would get another call immediately. I did not get another phone call today. So I am still holding. I sold all my sbt on thursday. I did not buy them back. I still hold 80,000 prty. I have had an headache since I got up this morning. they have dropped 50k since friday close. This is as bad as when vog dropped .70p in one day not so long ago. I am not having much luck at the moment. I wish you luck with your future investments.

JB ..... well thank goodness you got out of SBT at least ..... with VOG I remain pretty sanguine and i think they'll come good .... PRTY i think i should decline to comment

peter I think you did excellent to get out of the shares at 1.20 that was at the height of the day. well done.

Just wondered, dont these online gamers deal with customers in SE Asia or China? Surely there would be more people there then just the US. Is there restriction in place as well?

r88ave..no restriction...people and the city just think the whole world revolves round Yankeeland...myself,i wouldn't go to that nazi shithole if you paid me

Maestro, the all thing is just pathetic its just got to be fixed!

NEED SOME POSITIVES FROM TODAY,IS THE PRICE GONNA BOUNCE TOMORROW,OR ARE WE GOING TO HAVE MORE HEADACHES LIKE TODAY.

well judging by IG's spread on LNG today 10p offer ,6p bid..they want to deter buyers...you'd think that company with all the milions they make would make a fairer spread than that...greedy gits!

I think I am right in saying that 50% of SBT revenue comes from the U.S.
I saw a report today that there is a risk that as PRTY is 85% dependent on the U.S. then the shares are almost classified as junk stock now that they have lost a huge part of their revenue source, sp down 60% & revenue yeild now calculated at 12.5%
SBT & 888 should survive, but I wouldn't be surprised if, now that supply now outstrips demand, that consolidation maybe on the cards. There may be too many internet gambling companies chasing too few customers.