The US government “seized” US gambling sites just before the weekend claiming they were illegal. They’re seeking $3b in civil money laundering fines. UK gambling sites, on the other hand, appear to be benefiting from the action.
Shares of Bwin are up over 30% as of this screen capture but are up 31% as I type (with a 15 minute delay). Other UK gambling sites are also up. Perhaps ironically, MGM, LVS, and WYNN are all down this morning.
The market speaks again.
via BBC News