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Deutsche Bank n the future of legalised online gambling in the United States
Tuesday April 29,2014 : DEUTSCHE BANK ANALYST TAKES A MORE CAUTIOUS VIEW ON U.S. INTERNET GAMBLING
Legalisation in America is likely to be complex, fragmented and slow, with Caifornia and Pennsylvania the next states likely to make definite and positive moves.
The views of Deutsche Bank analyst Andrew Zarnett on the future of legalised online gambling in the United States garnered widening publicity this week despite his more cautious assessment of the possibilities.
Zarnett believes that the fragmented nature of state-by-state legalisation and the complexity induced by US political and legal interference indicate that progress will be slow, and that anticipated revenues will therefore probably not exceed $2.2 billion by 2020.
The respected analyst's predictions are in stark and negative contrast to other recent assessments which place US online gambling revenues at $7.7 billion by 2017 (H2 Gambling Capital) and $8 billion by 2020 (Morgan Stanley), although the Deutsche Bank numbers are in line with an Eiler's Research estimate that revenues will reach the $2 billion mark by 2020.
Zarnett expects California and Pennsylvania to be the next to legalise some form of online gambling - probably next year. After that he suggests that New York and Florida will follow suit in 2016, with Colorado and Iowa joining the trend during the year after that.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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