THINK WE ARE LOOKING AT A 1 BAGGER IF DICKS IS GIVEN AN APOLOGY TOMORO....

anyone notice 2,500,000 buy on playtech late on......also been told spread bet company IG have their own market makers...no wonder we get fleeced

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.

Maetro, PapalPower has already mentioned it this morning.
But thanks anyway

Although we are still using the same calculation of SBT times 0.426 for a WGP takeover price, I think that is perhaps wrong.

I would see the offer being around the 100p level anyway, as was stated last time of being 104p.........

Therefore, the upside here remains very good for just a little bit of patience, expecially when the SBT CEO has said they are moving ahead with their expansion and acquisitons in the USA................eg......WGP :)

Someone has just bought 30k of shares @ 63.5p when bid is 59 and offer 63p. Must be looking good now!

Peter Shalson buys another 60K at 61p :) from the new rule 8.3 today :)

250K @ 62.25p have just gone through using 'b' trade type....What is B trade anyone?

Hi R88AVE,

A b trade is a broker to broker trade

Bluelady thanks....

Probably a good sign then gearing to sell at 100p each eh!

Hi R88AVE,

I hope so. I bought WGP and SBT on the day that SportingBet returned from suspension after the release of the chairman and SBT plummeted 40% on that day. Both have done me proud so far.

Bluelady, I was a late starter with both wasn't brave enough when SBT was down to something like 125p! which I wish I should done. I have been buying and selling SBT before with good profits. As you already it is a good company. You must a massive grin everytime SBT is in blue! I am new with WGP, I got in at 57p with the takeover prospects....so it is looking good at the mo.

Hi R88AVE,

I've only daytraded with SBT, although I think I held on for a day or two to get the profit. WGP I bought for the potential bid at just a tad over 50p so really happy so far. I notice you read TIM also. LOL

Bluelady,

Lets hope WGP brings us quids in eh you have good head start then 9p up.....

Sorry to sound a bit of a novice but whats is a TIM?

By the way today there has been 2 large broker to deals today....is this a good sign?

Hi R88AVE

LOL. Sorry for confusing you TIM is my shorthand way of saying This Is Money, Daily Mail.

mmm, one of the directors resigned.
Interesting wonder if he did not like what SBT was offering? Too low?
Could be anything I suppose... watch this space!

I would guess as Non-Execs they opposed the sale.......as WGP is turning the profit corner, in a few years it will be worth far more than 100p..........perhaps that is the reason ?

Anyway, them resigning looks like the SBT deal is going to go ahead :)

http://www.saveonlinegaming.com/

CONGRESSIONAL UPDATE: NROG has confirmed through sources close to Sen. Bill Frist that an attempt to attach gambling legislation to the DoD bill is indeed dead and all other efforts have failed. The source said "He (Frist) will not be moving forward with this legilslation before elections." Please continue to check back for updates and educate your friends and family. November's lame duck session is not that far away. Ths is not over yet.


Internet Gambling Legislation Dead For Now
written September 25, 2006

The National Right for Online Gaming (NROG) confirmed early today that Senator Bill Frists attempt to push through an online gambling ban before Congress breaks for elections has failed and no more action will be taken in the coming days. Speaking on condition of anonymity, a source close to the Senator told NROG that the efforts, including an attempt to attach to the DoD bill, have failed and he (Frist) will not be moving forward with gambling legislation before elections. Congress will return for a lame duck session in mid-November where this issue may take center stage again. The Senator has made Internet Gambling a priority before he exits the Senate and I will confirm that he is actively searching for a way to succeed.

..... http://www.eog.com/news/industry.aspx?id=8460

There is seem to be alot of media coverage this morning about the resignation of the chairman, and saying that US arrest etc is the main problem. What a load of bull!

Man Group seem to be steadily building a stake on the company they now own over 5%

Good strong move today, given the news on SBT I would think :)