Morgan Stanley: By 2020 Online Gambling Will be Bigger Than Vegas and AC Combined

Written by:
Aaron Goldstein
Published on:
Apr/11/2013
Morgan Stanley:  By 2020 Online Gambling Will be Bigger Than Vegas and AC Combin

Morgan Stanley upgraded Boyd Gaming’s stock to Overweight Thursday, sending its share price soaring. 

betdsi-2500A.jpg

Boyd, which is teaming up with bwin.party to offer online gambling in the US once regulation occurs, saw its shares climb 10.37% to $9.05.

Morgan Stanley claims that by 2020 online gambling in the U.S. will be as big as a business as today’s real-world gambling centers of Las Vegas and Atlantic City combined.

The analysts see Boyd as the best play on that trend.  From Motley Fool:

In our base case (now factored into our BYD estimates), we model the legal US online gaming market to be ~$670 million in 2014, increasing to $9.3 billion in 2020 (55% CAGR). Put into context, by 2020, we estimate online gaming in the US to be the same size as the current Las Vegas Strip ($6.2 billion of gaming revenue in 2012) and Atlantic City ($3 billion in 2012) markets. Note the US online gaming market was estimated to be $5.3 billion ($7.5 billion adjusted for inflation) before it was banned in late 2006.

- Aaron Goldstein, Gambling911.com

Gambling News

Bookies Behaving Badly Part 15: ‘You F***ing Thief, You F***ing Monkey’

Bookies Behaving Badly Part 15: ‘You F***ing Thief, You F***ing Monkey’

Listen as bookie hurls the F-Bomb at customer a few times, "politely" says he has to take another call, then calls back to throw more F-Bombs at him.  Oy Vey!!!

Experts Warn of £12.6bn Scale of UK Gambling Problem

Experts Warn of £12.6bn Scale of UK Gambling Problem

According to the most recent estimates, Britons lost £12.6bn through gambling last year

Nevada Gambling Revenue Jumps Almost 7.5 Percent in March

The madness created by college basketball betting in Nevada is among the factors that led to a lucrative March for casinos statewide.

Bookies Behaving Badly Part 14: LiveSports.ag Goes Ballistic on Player (Listen Here)

Bookies Behaving Badly Part 14: LiveSports.ag Goes Ballistic on Player (Listen Here)

Listen to this shocking recorded phone call conversation obtained exclusively by Gambling911.com

Sports Gambling Ban Repeal Could Happen in Trump's First Term, Group Claims

Sports Gambling Ban Repeal Could Happen in Trump's First Term, Group Claims

American Gaming Association says that an end to the federal ban on the popular pastime is near.

Syndicate