Bitten by Online Casino Legislation
 October 17, 2006, 5:37 pm (2 years ago)Shares in the firm World Gaming, which had relied on the US for more than 95% of its customers, were suspended on Monday due to “a fundamental uncertainty over its ability to continue trading.”
World Gaming has been forced into administration as it became the first major casualty of the US crackdown on online gambling.
Four of World Gaming's top directors, including Chief Executive Daniel Moran, have resigned.
In a statement, World Gaming said, “Following the announcement released by the company on Monday relating to the suspension of trading, the directors of World Gaming announce that they have now determined that they are unable to continue the company’s US facing operations should the Unlawful Gambling Enforcement Act be signed by the US President.”
The bill, being signed by President Bush on Friday, effectively makes it illegal to accept bets from US customers.
The time has come, to look at the things not as they are. But as they can be! Even though the players will be playing some where else, the industry will keep guessing.
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