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DOJ Gambling Opinion Impacts Gaming Stocks
12/28/2011 : Stock prices gain from increased U.S. momentum
The positive impact of the U.S. Department of Justice (DoJ) opinion on internet gambling on some American gambling company stocks has most likely filtered through to impact European and British stocks too which have over the past week recorded a sudden surge during a historically quieter period.
Notable increases as InfoPowa went to press include:
- bwin.party up 22.79 percent, who has a relationship with MGM Resorts and Boyd Gaming
- Playtech Ltd up 14.9 percent, affiliated to Scientific Games through SciPlay
- 888 Holdings up 9.03 percent, deal struck with Caesars Entertainment earlier this year.
- Ladbrokes up +3.34 percent
- William Hill +3.18 percent, bought Brandywine Bookmaking, a land-based sports betting operator in Nevada and Delaware and two other similar businesses in Nevada, listed American Wagering and the sports book division of Club Cal.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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