How Will Recent US Justice Department Guidance Affect Online Bookmakers?
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Many online bookmakers in the United Kingdom were up in arms about guidance given by the US Department of Justice that online gaming is illegal in all its forms. For of the biggest bookies in the UK took a huge hit on their shares on the news, including Paddy Power Betfair PLC, 888 Holdings, William Hill PLC and GVC Holdings. All four are publicly traded companies.