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Continent 8 cancelled flotation

Continent 8, who provide internet services for online casino sites, have decided to halt their planned flotation due to the market turbulence following the US gambling crackdown.

Potential investers are thought to be cautious about the legality of the company’s Canada based operations. Canadian lawyer, Javad Heydary, recently said: “Except for gaming conducted over the internet by a provincial government, online gaming continues to be illegal in Canada.”

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