At last, many years after the US took a big swipe at a growing overseas industry, the US has got tough on its own Poker gambling companies. It is quite a surprise as the original thoughts over here was that the outlaw of online gambling was a simple defence of Las Vegas and an attack on the fact that some US companies had got the head start in the industry.
Now it seems that the US is going to finish off Poker Stars et al. With defendants arrested and property seized it does not look good for them. On the other hand, a big buy signal for tomorrow for our listed co's like 888 and BWIN.
BWIN (formerly partygaming) has taken huge hits to its share price in recent days due to poor corporate news - I fully expect a huge bounce on opening tomorrow, I think 20-30% is on the cards first thing. Not a sector I know well enough to stay long; but a short-term good bet.