Woes not Letting Up

The gaming industry woes are not letting up leading to the stumbling of the shares of the major gaming companies. Three companies whose shares plummeted are 888 whose share fall 48% in London, Partygaming 60%, and Sprotingbet 67%. The cited reason for the upheaval is the fact that online betting had been illegal in the U.S. theoretically, but now to make things worse there is a bill that is in the process of becoming a law soon. Even if the law had been said to be difficult to enforce, what it does is it will make any kind of money transfer to gaming companies using electronic transferring methods such as credit card, electronic check, or wire transfer illegal. It might still be possible to get around the legislation once it becomes law and the American public that spends close to $6 billion a year on gaming could have access to the gaming industry, but it would not come as handy as it would be if it were not banned, resulting in making it difficult for the gaming companies to make money from their U.S. clientele, which would result in most of them closing their operation.