Online Gambling Stocks You Need to Watch in 2013
The Motley Fool released its online gambling stocks to keep a close eye on in 2013 and beyond.
With three states having already legalized Web wagering in various forms, others are sure to follow and some big name players in i-Gaming are gearing up to come online in the US some time in 2013.
Among them, Caesar’s Entertainment, Zynga, Boyd Gaming, SHFL Entertainment and International Gaming Technology (IGT), which many Gambling911.com readers are familiar with as having engaged in a well-publicized and bitter proxy fight earlier in the month.
The Motley Fool suggests that IGT, the world’s leading slots manufacturer, is in a favourable position to enter the regulated US online gambling market through its purchase of Double Down Interactive.
Zynga’s shares have rallied over 40 percent in the last three months alone while Caesar’s and Boyds have both entered into partnership arrangements with already existing i-Gaming firms based in Europe.
The dark horse, literally, in all of this could be SHFL entertainment, which Motley Fool suggests could “emerge as the dominant “patent troll” in online gambling. The company owns intellectual property rights to a number of different popular variations of casino table games including Let It Ride and Three Card Poker”.
- Aaron Goldstein, Gambling911.com