Bush not signing bill until November 7

[MrBlueNose]

Didnt see this posted anywhere.

http://business.guardian.co.uk/story/0,,1885255,00.html#article_continue

Shares in online gaming firms, many of which are listed in London, are likely to suffer a mauling when markets open for trading today. PartyGaming, which floated on the London Stock Exchange last year, relies on the US for 85% of its revenue.

Politicians in the US have been attempting to ban online gaming for more than a decade. The present legal framework was drawn up to cover telephone betting in the 1960s and the position of online gambling has been far from clear. The bill now only needs the approval of president George Bush, who is expected to sign it into law on November 7.

Democrats accused Republicans of pushing the legislation to bolster popularity among conservative voters. Michael Bolcerek of the Poker Players Alliance in the US said the legislation "reeks of political gamesmanship".

Several states have begun a crackdown on internet gaming. In July David Carruthers, then BetonSports chief executive, was arrested at Dallas airport on charges of racketeering, fraud, tax evasion and conspiracy. He has pleaded not guilty. Peter Dicks, the former chairman of Sportingbet, was set free on Friday after New York state governor George Pataki refused to order his extradition to Louisiana.