US Internet Gaming Progress Assessed by Investment Professionals
An interesting article was published by the well-known investment publication Seeking Alpha over the weekend focusing on the developments in the US internet gambling and its possible effects on land casino business.
Prepared by the Qineqt Team of investment professionals including ex hedge fund managers, traders and analysts at top tier firms, the article envisages that recent passing of the online gambling legalisation law in Delaware will lead to a domino effect in the Middle Atlantic region, famous for its wide-spread gambling activities.
According to the team predictions, there are three possible scenarios for land companies who might capitalise on the positive developments in 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."
As for the third scenario, the article claims it will depend on how the different land companies react to the situation, 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."
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