Sunday 17 April 2011

US gets tough on online gambling; BUY BWIN

At last, many years after the US took a big swipe at a growing overseas industry, the US has got tough on its own Poker gambling companies. It is quite a surprise as the original thoughts over here was that the outlaw of online gambling was a simple defence of Las Vegas and an attack on the fact that some US companies had got the head start in the industry. 


Now it seems that the US is going to finish off Poker Stars et al. With defendants arrested and property seized it does not look good for them. On the other hand, a big buy signal for tomorrow for our listed co's like 888 and BWIN.


BWIN (formerly partygaming) has taken huge hits to its share price in recent days due to poor corporate news - I fully expect a huge bounce on opening tomorrow, I think 20-30% is on the cards first thing. Not a sector I know well enough to stay long; but a short-term good bet.

10 comments:

  1. Steven_L9:24 pm

    The 'land of the free' are actually prohibitionists at heart.

    Do we know what they were alleged to have been doing yet? Not staking the deck surely?

    Online poker a fix? Noooo, surely not.

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  2. HarryD10:11 pm

    Tax evasion of a sort I believe.

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  3. Steven_L1:14 am

    That's how they got Al Capone.

    Come on, after all those revelations on premium rate 'competitions' a few years back you'd have to be pretty daft to trust online poker and roulette ...

    ... wouldn't you?

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  4. CityUnslicker10:40 am

    missed it anwyay, BWIn opened up 30% - most of the move already priced in.

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  5. James Higham11:34 am

    It's not so recent. The Antigua story was some years back but it highlighted the issue in the U.S.

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  6. Steven_L7:39 pm

    most of the move already priced in

    Well, you did tip everyone off before the opening auction!

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  7. James Brickman10:02 am

    This should be tough on all the countries. As many people are easily gambling through the internet. So all the government of the all the countries must take proper steps to eliminate all of them.

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  8. sanjay10:06 am

    This comment has been removed by the author.

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  9. sanjay10:07 am

    This comment has been removed by the author.

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  10. iNLP Center8:57 am

    Online gambling is one of the real a serious issue such that it should be stop at any cost by the government that means their should be some rules and tricks that need to be maintained which can remove all these bad things.

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