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Wpt Stock 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"If the UIGEA is repealed, you can bet the WPTE share price will soar.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."
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US$30M DUBAI WORLD CUP -
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The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
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NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
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Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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