The online poker gold rushCommentary: Gambling is America’s favorite taxBy Brett Arends, MarketWatch Jan. 02, 2012 |
Texas Gov. Greg Abbott Signs Executive Order to Punish 'Antisemitic Rhetoric' on College Campuses
Israel 'Admits It May Not Be Able to Destroy Hamas,' Blames America
All-Indian Crew On Ship That Crashed Into Baltimore's Francis Scott Key Bridge
RFK Jr Names Nicole Shanahan as VP Pick
Israeli Lawyer Who Pushed 'Hamas Mass Rapes' Hoax Accused of Scamming Donors
LONDON (MarketWatch) — The news over the holiday weekend is that the Obama administration may be moving towards legalizing online poker. An opinion by the Justice Department’s Office of Legal Counsel, written in September but only published on Friday, may open the door to online poker once again. It argues that the federal Wire Act may only prohibit betting on things like sporting events. Poker has been subject to a crackdown since President George Bush signed the Unlawful Internet Gambling Enforcement Act in 2006. If this is reversed, investors can expect a gold rush into online poker companies. To cut to the chase, one of the stocks to watch is Bwin.Party Digital Entertainment UK:BPTY +3.14% , traded in London. It is a market leader overseas, has a clean balance sheet, strong profits, and a joint venture ready to go with two big U.S. companies. Read More |