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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default Gaming stocks rise on rumors that NETeller charges might be dropped

    The Guardian is reporting that gambling stocks rose Tuesday based on rumors that the charges against NETeller's founders were going to be dropped by the U.S. department of Justice. Also fueling the rise was speculation that the UIGEA would be watered down and a Ladbrokes-888 deal might happen.

    http://business.guardian.co.uk/marke...033657,00.html

  2. #2
    pgaming's Avatar
    pgaming is offline Public Member
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    Thumbs up

    This would be a good sign things are about to change for the better.

    greek39

  3. #3
    GPWA Ryan is offline Former Staff Member
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    Default NETeller Co-Founder Update

    Speculation that the charges against the NETeller co-founders might me dropped this week is just that at this point - speculation.

    I called the U.S. Attorney's office and spoke with Rebekah Carmichael who told me that there is a hearing for Lawrence and LeFebvre scheduled for Friday, but that is all.

    She said one of three things will happen - they will be indicted, they will not be indicted, or the matter will be extended.

    The matter was extended the last two times they had hearings scheduled.

    She called the Friday hearing "essentially a calendar place-holder" and nothing more.

    She offered a "no comment" when asked whether it was likely that the charges would be dropped

    - I will update this information when more becomes available.

  4. #4
    WinYourWayKyle is offline Private Member
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    Default

    More awesome news for the online gaming industry for Americans.... Again, a step in the right direction....

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