6th of February 2009 Author: Glo Wood
Shares hit 35 cents
Stockmasters reports that World Poker Tour Enterprises shares have declined dramatically, dropping to 35 cents from a peak value of around $22 a share.
Analysts speculate that the cause for the decline is the negative impact of the UIGEA on Internet poker, but add a note of hope that a new and more enlightened US administration under President Barak Obama might ameliorate some of the damage by reviewing the UIGEA regulations rushed through as the Bush administration departed under Midnight Rule legislation.
"There are many within the current administration that would like to completely eliminate the UIGEA," claims Stockmaster. "Representative Barney Frank has been pushing for regulation of the online gaming industry in the US. He now has the power in Congress to make such a plan happen.
"Even laws that have been made and are already in place will be reviewed by Obama and his team. He claims that if it is too late to stop the laws, he will ask Congress to start the process to overturn them.
"If the UIGEA is repealed, you can bet the WPTE share price will soar. However, if it doesn't happen, WPTE could be on the chopping block in the near future."
General Poker News
16th of June 2018
4th of July 2018
15th of December 2018
27th of November 2018
19th of November 2018
23rd of October 2018
Join now for full access to our online poker forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help Site Map
LatestPokerBonuses.com © 2006-2018