They're going after the banking aspect of it. They want the banks to stop transactions between the bank and the gambling companies. This would require a large amount of effort on the banking industry's part and of course they dont' want to have to do that so they're fighting it.
All in all, it may end up being an uneforceable law because the banks may not be able to block transcactions from companies like Neteller or Firepay so we'll see where it ends up.
http://forumserver.twoplustwo.com/po...Cat=&Board=law
Thats the best source of information on things right now.