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Casino Stocks Rise Due To DOJ Statement

12/28/2011 : Stake holders begin to react to DOJ's quiet announcement
 
The surprise clarification delivered by the U.S. Department of Justice on its position on internet gambling late last week has sent share prices on some prominent gambling operators and suppliers on the up this week.
 
Scientific Games Corp is up a whopping 15.37 percent, Wynn Resorts rose 3.4 percent, International Game Technology up 4.95 percent, MGM Resorts International up 4.62 percent and Bally Technologies is up 1.57 percent on the back of the announcement.
 
Todd Ellers, an analyst at Roth Capital Research said: “We view the ruling as a significant event for the U.S. gaming and lottery industry that essentially opens the door for states to consider offering internet gaming and lottery products (ex sports wagering)…
 
“[W]e believe individual state lotteries and vendors like Scientific Games, Gtech, and Intralot will be the first to benefit from selling virtual lottery tickets online. In addition, casino operators with strong brands would also benefit from operating virtual casinos if authorized by enough states. Finally, traditional gaming suppliers like IGT, Bally Technologies, WMS Industries, Aristocrat and Konami should also benefit from providing game content and/or technology to host online casinos.”
 
The announcement has been met with mixed reactions from individual States with Utah lawmaker Representative Stephen Sandstrom, R-Orem coming out strongly against any form of internet gambling in the State saying it is a desperate Federal attempt at fixing an ailing economy directly attributed to Obama's failed fiscal policies.
 
Sandstrom will submit a bill that will make all online gambling in Utah illegal to the 2012 State Legislative Session.
 
On the other end of the scale, California has announced its intention of exploring an online lottery channel but would not consider online poker initially.
 
Massachusetts State Treasurer Steven Grossman will explore the State’s online options via a dedicated online gambling task force and the Illinois Lottery will waste no time planning on selling tickets over the internet by the end of March 2012.
 
"This is a perfect ... progression for any lottery because it's adapting to new consumer buying habits and new technologies," said Michael Jones, superintendent of the Illinois Lottery.
 
Illinois Senate President John Cullerton commented: "The idea is to have the lottery function like a modern business using modern technology.  In that regard, it's great to have the federal government's OK on this, and we now look forward to seeing some results."



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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