Euro Poker News: EU May Challenge US Over ActParty Poker's Stock Up Over 10% |
|
In response to the US Department of Justice's recent aggressive overtures towards the online gaming community, the European Union has stepped up its own saber-rattling. The Internal Market Services division of the European Union has raised the possibility of legally challenging the United States over the Unlawful Internet Gambling Enforcement Act.
Many in the EU feel that the act is overly protectionist and monopolistic. Charlie McCreevey, European Commissioner for Internal Market Services, was recently quoted as saying, "It is probably a restrictive practice and we might take it up in a different forum." The next step would be to report the matter to the European Union Trade Commissioner.
The market has viewed this as a positive development, with PartyGaming's stock being the largest beneficiary. The stock is up almost 10 percent since news of the potential legal action against the US came out.
For those in the United States considering buying Party's stock, which is down over 70 percent since the UIGEA, the ticker is PYGMF.PK. The stock is currently trading at $0.50 per share.
For more Happenings in Europe, visit CardPlayerEurope.com
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
