UK Firms Flee U.S. Gambling With $1 Buyouts
Pete Harrison writes for Reuters:
Britain's Sportingbet and Leisure & Gaming both pulled out of the United States ahead of a ban on Internet gambling on Friday, each selling their U.S. operations to private investors for $1.More here.
Smaller rival World Gaming meanwhile said it was impossible to continue in business and called in administrators.
All three companies were rushing to complete the deals before President George W. Bush signed a bill to prohibit Internet gambling into law on Friday.