U.K. gambling shares fall after Congress outlaws use of credit , debit cards for online betting
LONDON (AP) — Shares in British online gambling companies, including Sportingbet PLC and PartyGaming PLC, dived today after the U.S. Congress passed legislation prohibiting the use of credit cards, checks and electronic fund transfers for online gaming.
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- U.S. House finance chairman ponders repeal of ’stupidest’ online gambling ban
- Congress Eyes Curbs on Gambling Expansion
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Casino gambling facts:
- Baccarat is the principal of casino card games in the United Kingdom and Europe. Blackjack is a fixture in all American casinos.
- Lotteries, along with their close derivative bingo, are the most popular kinds of gambling. The popularity of lottery games is not limited to state-run lotteries. Indian tribes run lotteries and illegal lotteries still exist.
- 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.
- U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
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