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Investment View Of US Online Gambling
Sunday July 1, 2012 : AN INVESTMENT VIEW OF US DEVELOPMENTS IN ONLINE GAMBLING
Seeking Alpha's assessment makes for good reading
The respected investment publication Seeking Alpha carried an interesting article over the weekend, examining developments in online gambling in the United States and how these might impact land casino operators.
Authored by the Qineqt Team of investment professionals, which includes former hedge fund managers, traders and analysts at top tier firms and investment professionals up to speed on the latest research, the article opines that Delaware's success in passing an online gambling legalisation law will create a domino effect in the Middle Atlantic region, well known for its large-scale gambling and competitive nature.
The team suggests three scenarios among land companies who might capitalise on the growing momentum of online gambling:
"One, companies that provide online gaming solutions are surely going to be the winners; two, Internet gambling companies will also see their revenues surge."
The third scenario depends on how the different land companies react to the situation, the article predicts, noting:
"One group strongly advocates this relaxation and has already shown its keenness to add this dimension to their operations. Their stocks are expected to reap the benefits after this declaration.
“However, the other group vehemently opposes Internet gambling, stating that it has led to depletion of their profits, and they think Internet gambling is illegal. Their stock prices are expected to decline or remain stagnant, unless they move toward Internet gambling."
The article is backed by a thorough assessment and analyses of the major players involved, and makes for good reading:
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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