LONDON (AFP) - Online gambling company PartyGaming has lost its spot in London's prestigious FTSE 100 stock index, amid a crackdown on Internet betting in the United States, the FTSE Group has said.

London stocks of online betting sites, which derive much of their earnings in the United States, went into meltdown earlier this month after Congress rushed through the Unlawful Internet Gambling Enforcement Act.

PartyGaming, whose shares have been hit particularly hard owing to its massive exposure to the US market, will trade on London's second-tier FTSE 250 index from Wednesday.

It was also confirmed that retailer GUS would be departing the FTSE 100 owing to its demerger into Home Retail Group, which comprises the Homebase and Argos retail chains, and business services unit Experian.

But both Home Retail Group and Experian will take up separate placings in the FTSE 100 with effect from Wednesday, added the FTSE Group, which is jointly owned by the London Stock Exchange and the Financial Times.

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