British Companies In Confusion After Ban On Online Rates In The Usa

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January 17, 2022
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The us department of justice has published a legal opinion that all gambling online is illegal in accordance with federal law. In this regard, the british gembling companies record the fall in the cost of own shares.

British companies in confusion after ban on online rates in the USA

As reported by the media, ftse groups 888, paddy power betfair, william hill and gvc in confusion after publishing the conclusion of the assistant of the us prosecutor general stephen engel that in the bunch of 1961 there were exclusively betting operations. Such a vision contradicts the conclusions made by the ministry in 2011.

«After revising the 2011 decision, we concluded that the prohibitions established by law were not initially limited to online betting», – algel said.

It is expected that the conclusions received by the ministry will be tested in courts.

This information provoked a fall in the industry on the stock exchange. Shares 888 holdings lost more than 5% of their value, while the value of the paddy power betfair shares fell by more than 2.5%. Prices for promotions william hill and ladbrokes gvc decreased by 3.5 and 4%, respectively.

British companies have not yet recovered from the news about the decline in fobt rates, which, according to forecasts, will entail a reduction in annual income on £one.8 billion.

Recall that in may, the federal location for sports betting throughout the united states was canceled by the supreme court.

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