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It's been a tough phase, but the Brit business group is enjoying a successful fight-back.
Sportingbet plc was one of the UK publicly listed companies hardest hit by the advent of the UIGEA, which forced the group to withdraw from a US market that provided most of its profit, and sell off US-facing interests only months ago.
Since then it has been changing market focus and pace, and this week a spokesman revealed that it expects to meet analysts' full-year earnings forecasts even after disposing of its U.S. operations.
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"Sportingbet is trading in line with market expectations," the spokesman said.
Sportingbet had to exit the lucrative U.S. market, selling its sports-betting, casino business and poker operations in October to Antigua-based Jazette Enterprises Ltd. on the day that U.S. President George W. Bush signed a law that criminalises online gambling fund transfers.
Associated Press reports that currently 8 U.S. states have laws specifically prohibiting Internet gambling: Washington, Nevada, Illinois, Indiana, Louisiana, South Dakota, Michigan and Oregon.
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