They lost half their revenues over a weekend but internet gambling firms haven’t played their last hand.
What do you tell your shareholders when hundreds of millions of dollars are stripped from your shares in the course of a day? That’s the quandary internet gambling companies faced on October 2, 2006, the first day of trading after the US Congress banned online betting. The news came as a total surprise to the market as the anti-gambling legislation was tacked on to a broader bill on port security. With big UK players like PartyGaming and Sportingbet getting more than half their revenues
You need to register to access 3 free deep dive articles per month. To continue reading please register or login below..
- Unlimited deep dives
- Data-driven research around key topics
- Buy-side insights
- Benchmarking reports
From
$1495
