I share the sentiments of the 2nd post and for those who do not wish to click the link the story is
Bush To Sign Port Security Bill Next Friday
WASHINGTON -(Dow Jones)- President George W. Bush will sign the Security and Accountability For Every (SAFE) Port Act into law next Friday, delivering a blow to U.K.-listed online gaming companies, whose shares tumbled after an Internet gambling ban was attached to the legislation.
The port security bill was one of Congress' final actions before breaking for the November mid-term elections. The legislation, part of an election-year focus on national security issues, is designed to keep nuclear, chemical or biological weapons out of shipping containers on their way to the U.S.
The addition of a provision making it a criminal offense to receive funds related to any online gambling activity that is illegal under state or federal law punished a number of gaming companies listed in the U.K., including PartyGaming (PRTY.LN), 888 Holdings (888.LN), and Sportingbet (SBT.LN). PartyGaming and 888 Holdings said they would shut down their U.S.-facing operations as a result of the legislation.
-By Henry J. Pulizzi, Dow Jones Newswires; 202-862-9256; henry.pulizzi@ dowjones.com
(END) Dow Jones Newswires
10-06-06110 5ET
Copyright (c) 2006 Dow Jones & Company, Inc.
Bush To Sign Port Security Bill Next Friday
WASHINGTON -(Dow Jones)- President George W. Bush will sign the Security and Accountability For Every (SAFE) Port Act into law next Friday, delivering a blow to U.K.-listed online gaming companies, whose shares tumbled after an Internet gambling ban was attached to the legislation.
The port security bill was one of Congress' final actions before breaking for the November mid-term elections. The legislation, part of an election-year focus on national security issues, is designed to keep nuclear, chemical or biological weapons out of shipping containers on their way to the U.S.
The addition of a provision making it a criminal offense to receive funds related to any online gambling activity that is illegal under state or federal law punished a number of gaming companies listed in the U.K., including PartyGaming (PRTY.LN), 888 Holdings (888.LN), and Sportingbet (SBT.LN). PartyGaming and 888 Holdings said they would shut down their U.S.-facing operations as a result of the legislation.
-By Henry J. Pulizzi, Dow Jones Newswires; 202-862-9256; henry.pulizzi@ dowjones.com
(END) Dow Jones Newswires
10-06-06110 5ET
Copyright (c) 2006 Dow Jones & Company, Inc.
Sugarbear said:
No way he doesn't sign the bill man. He's not rejected a single fucking thing in 6 years, spending wise. He's threatened em, but they trimmed down one recently and he signed it promptly.
No way I see him NOT signing this bill.
However, If you end up calling this right, I'll be the first to pitch into the fund for a lapdance for ya.
