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?

need to re employ Biladen to go after yanks

Sportingbet chief asks for support from United Kingdom and other online gambling jurisdictions
Sportingbet.com indicated on Tuesday it has every intention of staying in the US market following a bill passage late Friday that would limit some forms of online gambling transactions, specifically credit cards. The banking sector announced Monday that checks would be exempted.

But Sportingbet CEO, Nigel Payne, has asked for support from those countries who host online gambling operators such as his. He directed his Radio 4 comments more specifically to the United Kingdom, which begins licensing internet gambling businesses starting early 2007.

"We have the technological capability to carry on trading," Payne told BBC's Radio 4, adding, "The industry is just too vast ... and banks around the world don't take the same view as American legislature."

"(But) in the absence of tangible support from the U.K. government or the European Union, carrying on is much more difficult.

"There is the technology, but if the government doesn't say that this is absurd protectionism, then it's very difficult to carry on," said Payne.

Sportingbet, whose former non-executive chairman Peter Dicks was recently detained in the U.S. as the crackdown on gaming began, abandoned takeover talks with its smaller rival, World Gaming PLC (WGMGY), after Friday's move.
The news sent shares tumbling.

PartyGaming - the world's biggest online gaming company and a constituent of the FTSE 100 - closed at 45 pence, vastly below last year's initial public offer price of 116 pence. That company announced yesterday it would be leaving the US market.

Sportingbet ended at 66p, while 888 Holdings PLC (888.LN) closed at 108.25p. U.K. online money transfer company NETeller PLC (NLR.LN) also felt the heat, closing much lower on the day.

Analysts at Dresdner Kleinwort said: "We do not believe this [law] is the end game. This could be construed as a violation of civil rights and promoting a chilling effect on free speech in the US." Experts highlighted that the bill includes carve-outs for a number of other online gambling activities including horse racing, Indian tribes, intrastate activities and fantasy sports.

"This represents protectionism and is in contradiction of the World Trade Organisation ruling in the US versus Antigua and Barbuda case," said Dresdner. The WTO ruled in 2004 that the current US administration was infringing on the trade rights of Antiguan online gaming and poker sites.

Even the American Gaming Association, which represents the traditional casino industry in gambling mecca's like Las Vegas and Atlantic City, said the new bill was a "bad idea." AGA chief executive Frank Fahrenkopf said his group wanted a federal commission to study whether the technology exists to go after under-age gambling on the Internet while regulating and taxing above-board websites.

"I still think the next Congress will pass such a measure," he said.

----

Gambling911.com News Wire

Originally published October 3, 2006 8:02 am ET

Did anyone kill 5 Amish kids with an internet gaming casino chip bought with a credit card.

Of fucking course they didnt!!

Why dont those fucking yanks take one of their guns and shoot that conceited waaanker Bush. His religious crusade is worse than anything islam throw at us.

I dont hold gaming shares!

.

Hi Janet,
looking at GOO, with good news they could well get to 17p and beyond, so fingers crossed for you there.However, with these high risk shares you have to accept any bad news will also impact heavily on the price. Can you afford to take another loss, or will that finish you off? I hope some of your shares start moving in the right direction soon! (Be thankful you got rid of SBT last week).

on thursday last week I sold all my sbt one lot at 1.78 in the morning and 1.86and a quarter in the afternoon. a total of 17,097 shares. In the afternoon I sold 20,000 prty at 1.05 per share. This left me hold 80,000 prty. A pity I did not sell the lot. I am devasted at a my loss on prty. I do not think I am on my own. I have never been to America, and now this has happened, I do not think I will ever want to go there. My shares are doing terrible at the moment. must go now.

I wouldn't worry about going to America, Janet. I think they're only looking to arrest senior executives of online gambling firms. The ordinary shareholders are probably quite safe.

:o)

Bought in this week, as oversold and the house broker did state previously that the SBT were worth 150p without the USA income.
The sector will be consolidated now and SBT were this year being watched by other gaming companies with a view to a buy out.

I have heard the same about takeovers in the gaming companies yesterday rumours going around the stock exchange, but they do not think this will happen till later on in the year. If I hear any more on this then I will let you know.

Consolidation may therefore be an arguement for hanging on to your stock instead of realising a big loss.
Fortunately, I sold most of my SBT before the bad news, but still hold some. If they were to be re-issued as ?????? (Maybe 888) then that would not be such a bad outcome. So long as they don't become worthless, of course, which is another possibilty, though unlikely imo.

Things are about to get a whole lot better with the US banks on our side!

'The Independent Community Bankers of America (ICBA), a leading trade group in Washington D.C., is fighting against the proposed law that would block electronic transfers between U.S. gamblers and Internet casinos, Onlinecasinocrawler.com has learned.

"ICBA recognizes the concerns that some of your colleagues have raised about Internet gambling," a spokesman for ICBA said. "We urge Congress to recognize that the nation's banks have already taken on major responsibilities to help detect and prevent terrorist financing and illegal money laundering. Attempting to monitor and block gambling transactions, particularly given the limits of the current payment technology, could detract from those efforts."


A letter voicing these, and other, concerns, was presented to Senate Banking Committee Chairman Richard Shelby (R-Ala.) and Senate Judiciary Chairman Arlen Specter (R-Pa.). A copy of which was provided to Onlinecasinocrawler.com

The association said that smaller banks simply do not have the capability to stop gamblers from using paper-checks to move money into gambling accounts. The proposed law might require them to do so, however.

Although the Internet Gambling Prohibition and Enforcement Act (IGPEA) would require more regulation of banks, the Federal Reserve and the Treasury Department would have to devise a way to make complying with the law not overly burdensome, said Rep. Jim Leach (R-Iowa), sponsor of the bill in the U.S. House of Representatives.

Constant Updates

Banks, if the law was passed, would need a continually updated lists of names of online casino operations to comply with the law, somewhat akin to what is done to monitor payments to alleged terrorist organizations and would-be drug dealers.

According to the ICBA, unlike credit card transactions, which include a code that identifies the type of business receiving payment, uncoded transactions -- electronic payments and personal checks -- don't provide this information. Though it's feasible to monitor and block certain types of credit card transactions, a bank cant do so with completely uncoded transactions.


Another reason the ICBA opposes the bill is that the legislation will subject banks and electronic processors to criminal liability for routine processing of financial transactions which today is their core business operation'

Lots of buys after the bell today, perhaps tomorrow we will find out why.

could very easily be bears locking in profits

why don't they investigate put options a few days before 911...i bet Frist had a few on airline stocks along with Bush and his cronies

maestro - Let go mate! It will only eat you up inside!!!

Daily Telegraph - 05/10/2006

Credit card punters face online betting ban - By Simon Goodley


Millions of UK credit card users could be blocked from betting online in the wake of the US Congress passing laws curbing payments for internet gambling in America. Two of the UK's most popular credit cards - MBNA and Capital One - have refused to rule out barring customers from gaming sites.

The news emerged after weekend moves to outlaw payments to online gambling sites by US-based banks and credit card firms - a development that saw the value of online gambling companies listed in London drop by 3.5bn on Monday.

APACS, the payment industry's trade association, predicted that some American companies operating in the UK could now look to impose a ban.

"They may take the decision because of corporate structure, if a chief executive knows that he risks arrest next time he steps off a plane in the US," said Sandra Quinn, the director of corporate communications for APACS.

A spokesman for MBNA, which has seven million credit cards out of a total British market of 69.9m, declined to rule out a policy change. "We're watching the developments in the US regarding the new legislation. It is a bit too early to say anything at the moment, but we will keep an eye on it," he said.

Meanwhile, Capital One, which has headquarters in Falls Church, Virginia, and has more than four million UK customers, said it was unable to make a comment, although Morgan Stanley insisted it had no plans to introduce a ban.

Despite online betting being completely legal in the UK, American Express blocked its card holders from placing online bets 10 years ago. Citibank followed lead two years ago when it justified its actions by saying it was applying "best practice established by Citi Cards in the US".

At the time, it added: "We believe that our action will help limit potential risks of fraud, money laundering and the often undesirable financial impact that gambling on credit may have on individuals, and is therefore in the best interests of Citi Cards UK and its customers."

Nice rise in the sp today, after large buys after the bell yesterday.
Oversold and the market getting back in with the mm's winners again.

False spike. Fund managers still to sell.

The market is starting to consolidate already.
UKB have been approached by someone. Could be SBT, PRTY or 888.

Looks like UKB and SBT have both been approached, since their sp both up by 12%.
When will SBT advise the market of this bid, RNS later today?