888 THE FIRST TO BUCKLE - EXPECTED TO SUSPEND BUSINESS FROM US CUSTOMERS
01 October 2006
By Roger Blitz in London
Updated: 3 minutes ago
888 Holdings, one of the biggest companies in the $12bn online gambling industry, is expected to suspend indefinitely business from US customers on Monday.
The move comes as the sector braces itself for a massive reaction from investors to the dramatic US decision to tighten its anti-gambling laws. People close to 888 said they believed the company would issue a statement to the London Stock Exchange accepting that the passing of the bill in the US Senate on Friday would have a “material” detrimental impact on its business.
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