London lower as online gambling stocks slump
London equity market ended lower on Monday as online gaming stocks plunged after the boss of BetOnSports was detained in the US. While the reason for Mr Carruthers detention remained unclear, the legal status of online gambling remains an issue in the US, where the House of Representatives last week approved a measure to crack down on web gambling.
Related Gambling News:
- London gaming stocks get PartyGaming boost; FTSE lower
- London online gaming stocks in focus; FTSE dips
- Market Report: Gambling stocks buoyed by US breakthrough
- FTSE rocked by gambling arrest
- Net gambling stocks shaken
- US gaming bill to hit UK online stocks short term
- New Rules Send Web-Gambling Stocks Falling
- Motley Fool cautiously optimistic on online gaming stocks
- Sector Snap: Casino Stocks Mixed
- European stocks close lower
- London shares close flat, gambling sector woes overshadow banking gains UPDATE
- Lower package for online gambling chief
Do you know that:
- As early as 1420, lotteries were used in Europe for public works. High-value commodities such as land and art were often sold through lotteries.
- 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
- In Paris, legislation prohibiting playing cards was passed in 1377, and in Italy, playing cards and dice were burned.
- The Great Wall of China was financed, in part, by a lottery. The Bible is replete with references to drawing lots. Lot casting was a favored means of communication between man and god.
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