http://www.alexa.com/data/details/traffic_details?&compare_sites=&y=t&q=&size=medium&range=&url=www.sportsbook.com

RESULTS OUT 25TH SEPTEMBER

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.

VIP.COM BIGGER THAN WWW.PARTYGAMING.COM

http://www.alexa.com/data/details/traffic_details?compare_sites=www.vip.com&range=6m&size=medium&y=t&url=www.partygaming.com

What a let down ! Got in quick a couple of weeks ago and look where it got me !
Serves me right to let myself get carried away with all the hype !
Nothing else to do 'cept grin a bare it! and wait for better times..b

Leisure & Gaming said current trading is weaker than expected and it therefore now expects results for the full year to be below market forecasts.

The warning came alongside results for the first half to end-June which showed the online betting and gaming group swinging to a profit before tax of $6.8m, up from a pro forma loss of $0.2m.

Turnover was $339.9m, up 33% from the pro forma figure of $254.7m for 2005.

CEO, Alistair Assheton, said the results for the half year are very pleasing showing continued growth across the business.

He said the recently acquired European business in particular is showing encouraging signs and following this acquisition, the group has growing revenue streams from an increasing number of sources.

'We have a strong cash balance and a solid business model and remain well placed to capitalise on opportunities for growth in the coming periods.'

The first half is traditionally the slower half of the year and Assheton said it is disappointing however, that the performance as the group enters the main sportsbook trading season has been weaker than expectations.

Quite dissapointed today. :(

i would say the directors wanted to buy in cheap...their expectations must be very high..lol!

This from today's Hoodless daily alert..

What The Brokers Say:
Altium reiterates buy Leisure and Gaming, reducing the target price to 150p.

I'm not fussy ! I'll take 150p... as soon as poss. please

to a profit before tax of $6.8m, up from a pro forma loss of $0.2m.

any other sector would have doubled on that result

Lets see if they wanted to talk it down to bag some cheap stock themselves...

Valuation is ridiculous..

yep,seen it all before... watch for director buys next couple of days...