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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



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Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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