More web gambling firms suspend US operations
Three more online gaming companies said today they are suspending operations
in the US after the Senate passed legislation outlawing gambling on the
internet.
Fairground Gaming said it would stop taking bets from customers in the US as
soon as President Bush signs the Unlawful Internet Gambling Enforcement Act
into law. He is expected to do so this week. Fairground, which derives 70%
of its revenue from the US, said it was reviewing its strategy in the light
of the new legislation and was "attending urgently to appropriate
cost-cutting measures" but had "adequate cash reserves going forward".
<< Home