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Motley Fool published a positive article on internet gambling
Investment magazine says change may be in the air
The respected investment publication Motley Fool published a positive article on internet gambling this week, pointing out that with US states struggling to stretch their budgets, many lawmakers appear to be more positive about legalising online gambling.
The article summarises current moves at both state and federal level to introduce legalisation measures, reporting that whilst land casino operators may lose some business to online gambling, such legislation might allow them to better profit from their own internet gambling offerings.
"Like other online operations, virtual casinos have little overhead, easy scalability, and potentially high profit margins. Casino operators could even offer benefits and rewards tied to their brick-and-mortar properties, driving additional traffic there," the article asserts.
The piece goes on to claim that since online gambling is easier to access, it may draw more gamblers, and perhaps more frequent visitors, quoting a recent study in Canada which found that online gamblers spent an average of nearly Cdn$10,000 each annually, compared to just over Cdn$500 for land gamblers.
Some land gambling outfits were already making moves to secure positions in the online milieu, the article points out, citing Foxwoods and Harrah's: "Several members of the casino industry are already positioning themselves to profit. The Foxwoods Development Company is partnering with an online gaming company, and Harrah's has already launched online casinos in areas where such gambling is currently regulated."
The vast Asian market also offers possibilities, especially if the Chinese government is persuaded to open up online gambling, thus bringing in the giants Macau gambling firms.
"In gambling as in many other facets of business, change is clearly in the air -- and companies that don't keep up with changes may end up left behind," the piece concludes.
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 -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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