Gaming Shares Taking A Beating Today

LGBoots · 10-02-2006, 06:41 AM

888 Group down 35%

Party Gaming down 59%

Neteller down 60%

SportingBet down 58%

World Gaming down 80%

Looks like this Gaming Bill passing is causing mass panic among investors

them45ter · 10-02-2006, 06:58 AM

Taking a punt on these sharse could well be a decent gamble.

Any thoughts about which companies are affected the most. Are Neteller really that affected? Surely it will hit Sportingbet more than Party Gaming?

jjgold · 10-02-2006, 07:03 AM

Those stocks are all finished, onlinee gaming is most likely done

US gov't is really going to attack this

JoshW · 10-02-2006, 10:53 AM

Still tempted to by Sporting. Now even more tempted.

I am surprised about this big a drop. If the market knows what it is doing, than all of us, aside from JJ, seem to be taking this bill passage too lightly.

scottyy11 · 10-02-2006, 11:39 AM

laker i think jj might be right for once...lol

bigboydan · 10-02-2006, 01:18 PM

Quote:

Originally Posted by lakerfan

Still tempted to by Sporting. Now even more tempted.

I am surprised about this big a drop. If the market knows what it is doing, than all of us, aside from JJ, seem to be taking this bill passage too lightly.

I would attend to agree with you laker on this one.

If those shares drop enough, why would you buy cheap and go long then. With all that U.S. money at stake you would figure somebody would find a loophole in that law and exploit it for coperate profit somehow.

Seattle Slew · 10-02-2006, 03:06 PM

The market always overreacts to these news items. The shares will fall, but they will likely settle once the companies make statements on what they are doing.

Quote:

Originally Posted by lakerfan

Still tempted to by Sporting. Now even more tempted.

I am surprised about this big a drop. If the market knows what it is doing, than all of us, aside from JJ, seem to be taking this bill passage too lightly.

pags11 · 10-02-2006, 05:16 PM

neteller's down 60%?...damn...