Mods....feel free to move this is you see fit.
This is copied from Briefing.com. I wanted to make sure to credit the original source.
As mentioned in our 11:18 comment, stock spikes in WPTE, CRYP and OPMR were attributed to chatter the House could repeal the online gaming ban. We note Financial Times ran a story earlier saying a repeal of the online gaming ban is being sought. "Barney Frank, the Democratic chairman of the powerful House financial services committee, is working on legislation to repeal the sweeping ban that was passed in Congress last year against online gaming, he told the Financial Times in an interview. Mr Frank called the ban, formally known as the Unlawful Enforcement Gambling Act, one of the 'stupidest laws' ever passed and said he wanted to 'repeal' the law. 'I am working on legislation to cut back on this internet gambling thing....I think it's preposterous,' he said, adding that he was considering some 'innovative ideas'. 'I'm looking for ways, maybe we can make some money off of it,' he said, signalling that he could be considering a proposal that would make online gaming legal by both regulating - and taxing - the industry."
This is copied from Briefing.com. I wanted to make sure to credit the original source.
As mentioned in our 11:18 comment, stock spikes in WPTE, CRYP and OPMR were attributed to chatter the House could repeal the online gaming ban. We note Financial Times ran a story earlier saying a repeal of the online gaming ban is being sought. "Barney Frank, the Democratic chairman of the powerful House financial services committee, is working on legislation to repeal the sweeping ban that was passed in Congress last year against online gaming, he told the Financial Times in an interview. Mr Frank called the ban, formally known as the Unlawful Enforcement Gambling Act, one of the 'stupidest laws' ever passed and said he wanted to 'repeal' the law. 'I am working on legislation to cut back on this internet gambling thing....I think it's preposterous,' he said, adding that he was considering some 'innovative ideas'. 'I'm looking for ways, maybe we can make some money off of it,' he said, signalling that he could be considering a proposal that would make online gaming legal by both regulating - and taxing - the industry."
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