EMPLOYEES OF ONLINE GAMBLING FIRM RELEASED IN WAKE OF NEW LEGISLATION

10 October 2006

HAARETZ (www.haaretz.com)
By Guy Griml

“…IM Intermedia dismissed half of its 100 workers yesterday.”

“… firm supplies services for online marketing and data mining for online gaming companies in the United States…” “The company confirmed the report.”

“cutbacks are just the first of many expected in the industry after the U.S. Senate approved a bill last week”

“first companies to feel the pinch will be small- and medium-sized firms that supply services to the gambling sites”

“share prices of Internet gaming companies, including a number of Israeli firms, have plummeted by dozens of percent. Empire Online has lost 25 percent, 888 has dropped 28 percent, PlayTech lost 35 percent, Party Gaming lost 61 percent, and Sportingbet plummetted 62 percent.”

THE COMPLETE ARTICLE CAN BE READ AT HAARETZ (www.haaretz.com)

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