Betcorp

Betcorp was once again the worst performing stock the third week running on the Australian sharemarket for week 42. The Betcorp stock lost 9 percent of their value this week after that devastating US legislation banning foreign internet gambling and on withdrawal of their US gambling businesses. It is also interesting to note that Betcorp (BCL) was also a loser of the week earlier in the year - in July: Betcorp (BCL): Loser.

Betcorp was once again the worst performing stock on the Australian sharemarket. (Loser of the week for week 41 of 2006). The gambling stock closed the week dramatically lower at 44 percent following those unfavourable US legislative changes announced last week about Internet gambling. It is also interesting to note that Betcorp (BCL) was also a loser of the week earlier in the year - in July: Betcorp (BCL): Loser.

The worst performing stock on the Australian share market this week was Betcorp (BCL) closing down 60 percent on the week after the US Internet Gambling Prohibition Bill was passed.

The Loser of the week is BetCorp (BCL) whose shares fell some 38 percent to $2.30. This was a consequence of a crackdown of online gambling in the US. BetCorp Limited is listed on the Australian Stock Exchange (ASX) under stock code BCL. You can view their investor website here. As the name implies, the company is involved in online gaming & wagering and is in the "Consumer Services" sector. Check your charts!