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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Online gambling firms eyeing huge US opportunity

March 2013

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.

Readers may recall the spectacular boom and bust in online gambling shares during the last decade as US authorities' decision to prosecute this nascent industry with an evangelical zeal left investors flat footed, while directors of these companies were desperately paying hefty fines to stay out of prison. However, the worm has now turned and the need to increase taxes in order to reduce their chronic budget deficit has persuaded the Americans to follow their European counterparts and legalise the industry. So far, the states of Nevada and Delaware have done exactly that, while the Governor of New Jersey (home to the famous Atlantic City casinos) has publicly stated that he will also pass it into law, on condition of a ten-year tr ...

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