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MORGAN STANLEY LOWERS U.S. ONLINE MARKET FORECAST

Tuesday March 25,2014 :  MORGAN STANLEY LOWERS U.S. ONLINE MARKET FORECAST (Update)
 
Due to unanticipated technical issues but still bullish on prospects
 
As news came of the advancement of a new bill by the New Jersey State Senate Committee that would allow for interstate online gambling between Nevada, Delaware and New Jersey, Wall Street financial firm Morgan Stanley has lowered its forecast of the U.S. internet gambling market from $5 billion to $3.5 billion by 2017, citing "worse-than-expected technical issues" affecting its projection.
 
According to Associated Press, the firm also lowered its estimate of New Jersey's inaugural revenue from $541 million to $203 million because of challenges associated with geolocation technology and payment processing options.  Morgan Stanley re-estimated market growth from 20 percent to 10 percent month to month for the remainder of this year.
 
"While we remain bullish on the online gaming opportunity in the U.S., we are lowering our estimates to better reflect the insights we have gained following the first few months of operations in New Jersey, Nevada and Delaware," a research note said.
 
Longer term, Morgan Stanley now estimates an $8 billion market by 2020 compared to its initial $9.3 billion estimate.  The company believes the States of California and Illinois may still legalise internet gambling this year, however it does not expect the same from Colorado, Louisiana, Mississippi, Ohio and Massachusetts.
 
Global rating agency Fitch Ratings maintains its forecast of the New Jersey market at $200 million during the first year, saying: "Fitch believes an interstate online poker agreement signed by Delaware's and Nevada's governors on Feb. 25, 2014 will accelerate state-by-state proliferation of online gaming. Additionally, the momentum for passing an online poker bill in California picked up in 2014. Other large states, such as Pennsylvania, may again consider online gaming as they head into their regular legislative sessions."
 
The New Jersey bill initially addressed the issue of New Jersey Casino Regulators being able to oversee foreign gambling firms if they moved their operations to Atlantic City but was expanded to include the interstate online gambling compact



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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