The DoJ Speaks and Casino Shares Are Going To The Stars

With an online playlist, the US Department of Justice unleashes the bag and analysts.Will it be a record?

The legal opinion with which the United States Department of Justice has stated that online gambling does not violate the Wire Act of 1961 has made some companies smile that saw the value of their securities grow within a market Equity certainly not in its best form.

The DoJ Speaks and Casino Shares Are Going To The Stars

Among the up-and-down adjustments that occurred since the DoJ’s release was published, we note:

  • Scientific Games Corp, + 15.37%
  • Wynn Resorts, + 3.4%
  • International Game Technology, + 4.95%
  • MGM Resorts International, + 4.62%
  • Bally Technologies, + 1.57%

Todd Ellers, analyst at Roth Capital Research, said his company sees the Justice Department’s involvement as particularly significant to the US gaming industry since this “basically allows states to consider a gaming opener Distance, lotteries and betting “.

“We think that state lotteries and companies such as Scientific Games, Gtech and Intralot will be the first to take advantage of the sale of” virtual “tickets via the internet. In addition, well-known casinos operators will undoubtedly help grow if more states allow them to carry out their operations online too, “Ellers said.

“Finally,” the analyst concluded, “traditional gaming platforms such as IGT, Bally Technologies, WMS Industries, Aristocrat and Konami should also benefit from the new situation as they should have the ability to provide online gaming and technology.”

Some public officials from several US states have already expressed their will to try the online option as soon as possible.

Massachusetts State Secretary Treasury Steven Grossman has confirmed the general will to open online by explaining to the press how he is personally looking for the best possible options to combine what the DoJ says and the growth of his state.

A few months from Black Friday

The news, of course well-received by all online gaming enthusiasts, comes eight months apart since the notorious April 15, considered as the Black Friday of online poker.On that date, the three main American poker rooms were accused of violating the UIGEA, the Unlawful Internet Gambling Enforcement Act.

In practice, that Friday of last April marked the end of the online poker era in the United States of America, the market so far bigger and bigger in the entire virtual poker industry.That this opening of the Department of Justice would not be the first step towards the return of online poker in the US.

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