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SPORTINGBET (SBT)     

moneyplus - 23 Dec 2003 18:51

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?

HARRYCAT - 25 Oct 2006 18:56 - 283 of 465

So, as we know, the control of U.S. gambling is going to be by prosecuting the banks if they process gaming transactions which are coded & therefore easily identifiable. The banks will comply, so the on-line gaming companies are powerless to change that.
It was my understanding that Ladbrokes, William Hill & Coral (Gala) did not have exposure to the U.S.
So nothing has changed, or have I missed something?

maestro - 27 Oct 2006 20:29 - 284 of 465

Bush will be thrown out for 9/11 involvement..Americans are waking up fast

Online gambling: United Kingdom attacks US law
The online gambling community has been crying out for support from the United Kingdom and now they got it.

Britain's culture secretary on Friday compared the U.S. crackdown on online gambling to the failed alcohol ban of the Prohibition as she prepared to host an international summit on Internet gambling next week.

Tessa Jowell warned that the U.S. ban on Internet gambling would make unregulated offshore sites the "modern equivalent of speakeasies," illegal bars that opened in 1920s America when alcohol was banned.

U.S. Congress caught the gambling industry by surprise earlier this month when it added to an unrelated bill a provision that would make it illegal for banks and credit-card companies to settle payments for online gambling sites. President Bush signed the law Oct. 14.

The internet gambling community has gone on the attack against one of the bill's co-sponsors, Senator Jon Kyl (R) of Arizona who is due up for re-election this November 7. Hundreds of thousands of Arizona voters were already notified about Kyl's prohibition attempts by early Friday morning.

As a result of Kyl and Senator Majority Leader Bill Frist's prohibition, the most lucrative region in a market worth $15.5 billion this year in "spend" value had been closed off, deducing some firms to rubble and causing countless numbers of shareholders to lose millions.

Several London-based Internet gambling companies and a handful in Europe and Australia subsequently sold off or shut down their U.S. operations, losing around 80 percent of their combined business in the process.

U.S. officials have declined to participate in Tuesday's gambling summit in London, where lawmakers from 30 countries will discuss ways to regulate the industry, including the protection of minors and keeping the industry free of crime.

Officials from Australia, South Africa and New Zealand, Malta, Costa Rica and Antigua and Barbuda are expected to attend.

Antigua in particular has been engaging in a strong defense of Internet gambling, one of the tiny Caribbean state's few economic success stories.

It argues that the U.S. ban is in direct contravention to a ruling by the World Trade Organization last year that the United States amend some of its legislation to permit Antiguan gambling operations to offer their services to U.S. citizens on a level playing field.

Mark Mendel, who leads Antigua's WTO legal team, said Friday that the summit would put further pressure on the United States to comply with the ruling.

"Ultimately, I think they are going to have to satisfy us," he said. Mendel said online gambling was vital to Antigua, whose only other industry of note is tourism.

Next week's gathering has been months in the planning and officials intended to discuss ways to stop criminals from defrauding online gamblers and to prevent sites being used for money laundering.

However, the new U.S. law is likely to be the focus of talks. Jowell said that regulating sites worked better than prohibition.

"America should have learnt the lessons of Prohibition," she said, noting that legislation that was meant to stop alcohol from causing harm in practice forced otherwise law-abiding customers into the hands of the bootleggers.

Under new British gambling laws, online operators have a "social responsibility" duty written into licenses and policed by the independent Gambling Commission watchdog.

It requires them to work to prevent underage gambling, give prominent warnings about addiction and inform users how much time and money they have spent on the site.

"Broadly speaking we have three choices: you can prohibit, like the U.S., do nothing or regulate, like we have," Jowell said. "I firmly believe we have chosen the path that will do the most to protect children and vulnerable people and keep out crime."

The US Justice Department is still holding former BetonSports CEO David Carruthers under house


MightyMicro - 27 Oct 2006 21:52 - 285 of 465

maestro: I see that knowledge of the American system of government is not your strong point.

Let me help you. George Bush will leave the White House at the end of his second term, never to return, as it is prohibited by the 22nd Amendment to the American Constitution for a President to serve more than two terms. This will be in two years.

As I pointed out to you elsewhere, 69% of Americans are not "waking up fast", as you put it. What is more, the idea that the President of the United States would want to or could have orchestrated the 9/11 attacks and kept this secret is so ludicrous as to not warrant a response.

If you need any further help with this, do let me know.

Tessa Jowell's bizarre outburst will simply harden American opinion about on-line gambling.

hlyeo98 - 07 Dec 2006 19:39 - 286 of 465

Goldman Sachs reducing their stake in SBT today

cynic - 07 Dec 2006 20:05 - 287 of 465

maestro's grasp of the real world, let alone reality, is not his strong point

FONTY - 17 Jan 2007 14:41 - 288 of 465

Anybody discussing Sportingbet this month?

maestro - 17 Jan 2007 15:39 - 289 of 465

no..fed up with it!

HARRYCAT - 17 Jan 2007 16:09 - 290 of 465

Now that 365 & 888 have been swallowed up, SBT may have to start looking around to try & increase it's market share.
SBT went ex-divi 3 weeks ago. Don't suppose anyone knows if they paid a divi this time?

maestro - 17 Jan 2007 16:51 - 291 of 465

31m buy after hours...whats that about

REMOTEHELI - 17 Jan 2007 17:01 - 292 of 465

Maybe someone will swallow them up!

R88AVE - 21 Feb 2007 13:21 - 293 of 465

Has anyone seen the reason behind a 10% rise today, I have noticed PRTY is up as well....

HARRYCAT - 21 Feb 2007 14:20 - 294 of 465

No idea. 888 is also up.

FONTY - 21 Feb 2007 16:03 - 295 of 465

God I pray they both go up PRTY and SBT!

R88AVE - 21 Feb 2007 16:15 - 296 of 465

Long 37.5 this morning.... chart looks overdue for recovery, now that US stuff is out of window for now. Unless some prat decides to go to US again!

john50 - 21 Feb 2007 19:35 - 297 of 465

http://www.casinocitytimes.com/news/article.cfm?contentID=164277

john50 - 21 Feb 2007 19:42 - 298 of 465

PRTY:LN
PartyGaming PLC
PartyGaming, Sportingbet Jump on Talk of Law Change (Update1)

By Amy Wilson and Sarah Thompson

Feb. 21 (Bloomberg) -- Shares of U.K. Internet gambling companies PartyGaming Plc and Sportingbet Plc rose on speculation that laws restricting online wagers in the U.S. may be relaxed.

``There's speculation of a lifting of the ban passed by the U.S. Congress which would be good news for companies like PartyGaming,'' said Kevin Lyne-Smith, an investment consultant at Julius Baer Holding AG's private banking division in Switzerland, which manages the equivalent of $100 billion.

PartyGaming and Sportingbet were among Web gambling operators that stopped taking bets from the U.S. after Congress unexpectedly passed legislation in September that criminalized processing of credit-card payments for the industry. U.S. gamblers accounted for about 85 percent of PartyGaming's revenue in 2005.

``A relaxation in the law is seen as a possibility with talk that it is proving too onerous for banks to track illegal payments,'' said Martin Slaney, head of spread betting at GFT Global Markets in London.

Shares of Gibraltar-based PartyGaming jumped 4.25 pence, or 11 percent, to 41.5 pence in London today. The stock fell 76 percent in 2006 after the U.S. law was passed. Sportingbet shares climbed 5 pence, or 14 percent, to 40 pence, the biggest gain since Oct. 24. They slid 87 percent in 2006.

PartyGaming is scheduled to report 2006 earnings on March 1. Neither company immediately returned calls from Bloomberg News.

R88AVE - 21 Feb 2007 22:09 - 299 of 465

Interesting. I will watch and see how market reacts tomorrow, could be pretty good?

R88AVE - 22 Feb 2007 10:59 - 300 of 465

Sold at 42p happy with small profit, will defo watch and see how it develops

REMOTEHELI - 27 Feb 2007 16:45 - 301 of 465

I think considering todays trade, SBT has held its own very well ! I think there may be some news on the horizon for them. (could they be up for a takeover perhaps !)

moneyplus - 28 Feb 2007 10:18 - 302 of 465

my only blue one today! results look positive-the fight back is continuing.
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