Speculation On Dropped Charges For Neteller Founders Fuels Online Gaming Stock Rise
14 March 2007
UK online gambling stock rose earlier this month amid speculation that US Congressman Barney Frank was going to introduce legislation calling for a review of UIGEA. Now new gossip floating the current rise in UK gambling stock credits the speculation that charges against Lefebvre and Lawrence, Neteller founders arrested in February and held in the US are about to be dropped.
In GUARDIAN Unlimited’s Lunchtime Market Report for March 14th, Nick Fletcher stated “Elsewhere the gaming sector was in demand. 888 added 4p to 120p on talk that Ladbrokes was about to come out with its bid, although some traders doubted this, saying Ladbrokes had been distancing itself from a move on 888 recently.
Other tales to explain the buoyancy in the gaming world included a suggestion that charges against the founders of online payment group Neteller, suspended at 176p, were about to be dropped in the US. Alternatively there were hopes the US would introduce a new bill to water down some of the more draconian anti-online gaming measures. There was even talk that Gordon Brown was planning tax breaks for the industry in next week’s budget.
Whatever the reason, PartyGaming put on 3.5p to 41.5p and Sportingbet 2.5p to 58.25p.”
22 February 2007Fact or Fiction - Is Congressman Barney Frank Going To Challenge UIGEA?
You know how rumors operate. Someone says something which is repeated by someone else and passed to another who in turn tells someone else. The trouble with rumors is that the original content very seldom stays intact along the way, not to mention the question of whether the original statement being rumored about was true.But it’s beyond me at this point to pass up the current rumor circulating regarding Congressman Barney Frank.Read full article
14 March 2007Barney Frank Works On Legislation To Repeal Unlawful Internet Gambling Enforcement Act
eGaming Review The office of US Congressman Barney Frank, who is chairman of the House financial services committee, has confirmed that he is currently working on legislation to repeal the Unlawful Internet Gambling Enforcement Act. The news item appeared this afternoon on the Financial Times website and has been confirmed to eGaming Review by Frank’s press department. The details of how any repeal would take action have not been worked out and no timeframe was given.Read full article
25 April 2007Online Gambling Ban Repeal Bill
A Press Conference will be held by on Thursday April 26, 2007 at 10:00am by Washington, DC’s House Financial Committee Chairman Barney Frank to discuss the Internet Gambling Regulation & Enforcement Act of 2007. You must understand that Congressman Barney Frank has spent many hours of work in the past, towards repealing this bill which was slipped in at the last moment.Read full article