Gambling Probe Rattles the Markets

Share prices in the world's largest online gaming company, PartyGaming, fall sharply on the London markets after news that the United States will continue an investigation into online gambling.

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STEVE INSKEEP, host:

The business news begins with an investigation of online gambling.

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INSKEEP: Share prices in the world's largest online gambling company, PartyGaming, fell nearly 10 percent this morning in London. This comes after news that the United States is continuing its probe into online gambling. Justice Department officials reportedly issued subpoenas to several Wall Street investment banks. These banks did business with online gambling sites based overseas. The sites have done business in the U.S. for years. But last October, the U.S. government outlawed online gambling transactions. And the crackdown now comes two weeks before one of the industry's biggest days of the year -Super Bowl.

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