Legal U.S. Online Gambling Would Help UK Economy: Report
At a time when economic matters are foremost on the minds of politicans, many lawmakers and financial analysts are raising their voices in favor of online gambling regulation.
Specifically, a report issued last week by analysts Daniel Stewart & Co. names Playtech, PartyGaming, and 888 as the European online gaming companies most likely to flourish if allowed to enter a regulated United States market.
The report goes on specifically predict that U.S. regulated online gambling will happen, most likely within a year. Speaking specifically to ongoing American online gambling regulatory issues, it states:
“Poker may be the only product vertical to pass at Federal level, however we believe that individual State’s will legalise online casino and poker at state level, with New Jersey and California leading the way, we believe will cause a tipping point, whereby other state will follow. We expect to see legislative change implemented and licenses granted in 2H11 or early 2012.”
The report specifically recommends Playtech and PartyGaming stock as “key buys”, per CardPlayer.com.