[Richas]

Before this act the companies could claim that they believed what they were doing was legal under the Wire Act etc even though the US gov thought not. Now there is no ambiguity it would be illegal to accept cash from US players.

This wiggle room allowed them to list in London so long as they detailed the risks. Now there is no doubt that taking US cash is illegal they can't carry on operating in the US as a listed company.

The rules are clear that you cannot be listed if you are a criminal enterprise. You can't list Mafia.inc in the UK even if Mafia.inc promise not to break the law in the UK. This applies to all sorts of companies so say a tobacco company is listed they can sell cigarettes that kill to anyone who can buy them legally but you couldn't list if your business plan was to sell cigarettes to tobacco smugglers. Of course all tobacco companies sell low duty cigarettes in one country knowing they will be smuggled - this is just OK so long as they try to stop their guys conspiring with the smugglers.It's not OK to have ciggie smugglers incorporated listed.

It's this sort of grey area that sites listed under. With the new act there is no grey. For the shareholders it is essential they can buy/sell their shares and they own the business so no US players. They could go private and relaunch or they could do what Sportingbet did and sell the US business to a couple of the managers but a listed company cannot be based on criminal activity.