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Playtech - Grant of New Jersey gaming licence opens up US$10bn US market opportunity

July 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PTEC
  • Price:
  • 334p
When the US banned all forms of online gaming back in 2006, it blew a massive hole in the betting industry. However, there has since been a gradual thawing with five states, including New Jersey (population: 8.9m) and Pennsylvania (12.8m), now allowing residents to play games such as blackjack and roulette within state lines. Five others, including Michigan (10m) and New York (19.9m), are said to be close to following suit. There’s clearly a fortune to be made here while it’s also significant that New Jersey recently won a supreme court ruling against a long-term ban on sports betting. As a result, Bank of America forecasts US online sports betting alone to ultimately generate gross gaming revenue of US$5-US$10bn while Goldma ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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