• 888 THE FIRST TO BUCKLE - EXPECTED TO SUSPEND BUSINESS FROM US CUSTOMERS

    01 October 2006

    Newspaper

    Financial Times
    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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