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US bans offshore online gambling

September 30, 2018
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The US Government stunned the online gambling industry by passinglaws that effectively ban the services from their biggest market. – (Sydney Morning Herald — 3 October, 2006)
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The cards have turned against online companies such as Betcorp. – (The Age — 3 October, 2006)
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Internet betting sites and payment systems lost billions of dollars in market value after the U.S. government moved to criminalize the processing of online wagers. (International Herald Tribune — 3 October, 2006)
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The U.S. government�s move to criminalize the processing of online wagers led to a Black Monday for the online-gambling industry. (New York Times — 3 October, 2006)
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Shares in British online gambling companies, including Sportingbet PLC and PartyGaming PLC, dived Monday after the U.S. Congress passed legislation prohibiting the use of credit cards, checks and electronic fund transfers for online gaming. (International Herald Tribune — 3 October, 2006)
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PartyGaming PLC, the world’s biggest online gambling company, said it will scrap its interim dividend after the U.S. Congress passed laws to close down Internet gambling in the United States. (International Herald Tribune — 4 October, 2006)
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A New York judge frees the ex-chairman of online gaming firm Sportingbet, arrested earlier in September. (BBC News — 30 September, 2006)
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New US online gambling restrictions could boost Mafia-style weboperators, warns an Australian operator. – (Sydney Morning Herald — 3 October, 2006)
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Online gaming company Betcorp said today new US laws banninggambling in its biggest market are likely to have a materialadverse effect on its business. – (Sydney Morning Herald — 3 October, 2006)
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