PartyGaming Shares Rise
"The online poker specialist was the best-performing stock in the FTSE-100 following news that some legislators in Washington were opposing attempts to crack down on web-based betting.
"Bills introduced in Congress had proposed curbs on some forms of internet gambling and the use of credit cards to pay for online flutters.
" However, the Internet Gambling Prohibition Act, proposed by Republican senator Bob Goodlatte came under fire from law-makers at a meeting of a subcommittee of the House of Representatives. Some Congressmen were concerned that the bill clamped down on some forms of betting while allowing others to continue.
"With no date set for a further hearing for the bill, sector watchers said the odds of it making it onto the statute book had lengthened, in a development that would be welcomed by the likes of PartyGaming "
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