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Old 03-23-2007, 06:27 PM
Will. Will. is offline
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Join Date: Dec 2004
Location: weboggle
Posts: 2,177
Default Re: PartyGaming Shares

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isn't there a new legislation passed in the UK that makes it illegal for online casinos in the UK to take bets from non-UK residents?

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The legislation says that an online gaming licensee can't take bets from a customer in a prohibited country.

a) The list of prohibited countries hasn't been provided yet.

b) There aren't going to be any licensees anyway as they are going to be taxed at 15% of gaming profits - the rate had to be less than 5% to arouse any interest whatsoever from Party etc.

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is it possible that one of party's main competitors, cryptologic, is becoming a licensee in the near future, and this is what is making party stock go up?
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