Saying US interests continued activities forbidden to overseas competitors
RGA files United States complaint
2008-10-03
Reading time 24 seg
The complaint also claimed that the UIGEA passage allowed US interests to continue activities forbidden to overseas competitors. There is plenty of evidence to prove the damage done by the congressional action. The London Stock Exchange plummeted when Senator Bill Frist passed out shares in internet casinos that traded publicly on the London Stock Exchange.
Partygaming stock dropped over 58 % in one day and Sportingbet fell 64 %. Both of the companies are now currently worth less than a fifth of their previous value. Other online gaming businesses have had company executives harassed and even arrested by American legal representatives.
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