Profitting from Online Gambling Legalization in the US??

[gmenknicks]

Does anyone have any thoughts about how to profit from the coming legislation that will eventually legalize Sports Betting on Poker online in the US? Do you think owning the stocks of the major Casino corporations is the way to go? Or are there smaller less known companies with patents on the technology?

I think this will happen soon and would like to hear if the community has any thoughts on this.

 

[HacheMan]

I think it's coming sooner than we think as well.

I believe it would happen even quicker if the right people could reach Obama and explain to him the benefits the govt. would reap from online gambling.

People may not agree with how he does a lot of things, but this is the most open-minded president we have seen and are going to see for some time, because he is younger and more in tune with how things are today.
When have we ever seen or heard another president like Obama talk about filling out his NCAA tournery bracket, and mention his fantasy football team?
If it's going to get done, it's probably going to have to be while he's in office...

 

[Texny]

Sportsbetting will never be legalized because the NFL, MLB, NBA will fight against it.

 

[MIKEY.1TIME]

Sportsbetting will never be legalized because the NFL, MLB, NBA will fight against it.

i think it would create more interest in the major sports..the problem is, the city of las vegas wont let it...

 

[bigbet1234]

Never happen.

they think they know what's best for us. Kinda how society and government works, everyone else knows what's good for you.

 

[buddyboy]

Obama can't make laws, he works in the executive branch of our government.

The legislative branch of our government writes laws, the executive branch can either approve or disapprove a new law.

Even if Trump were President right now he could not do anything but ask the congress to send him a bill to legalize internet gambling. and congress would laugh and laugh.

 

[patswin]

Sportsbetting will never be legalized because the NFL, MLB, NBA will fight against it.

this ^

 

[bigtendominator]

Sportsbetting will never be legalized because the NFL, MLB, NBA will fight against it.

+1000

 

[ProPokerPlayer]

WashingtonD.C. passed a bill legalizing online poker in D.C. awhile back. The law was not challenged by either the No Justice for Americans Dept, headed by Eric (im a crook) Holder....neither was the law challenged by Congress which could have filed an objection and choose not too.

All we need is someone to step up to the plate and start a site and FORCE the Govt to come up with regulations....Its already as legal as it can get. There is NO specific law against online poker as far as federal law goes and the 2 times they have had a chance to block it they didnt even file an objection..

As far as who to invest in to reap the profits, that wont be known to the last second but your best bet will be a worldwide corporation with WH connections....such as GE. Past gaming experiance will mean nothing....the bribes and cronies will win in the end..

 

[gmenknicks]

Online gambling will most defintely be legalized one day very soon. its really a matter of the LV corporations figuring the best way to profit from it. Once that lobby gets behind it its a done deal. There is just too much potential tax revenue sitting on the sidelines. The states are pushing individually and it will hit the Federal level.

I am looking at stocks of any company that is involved in gaming or gaming technology. Also tech companies that have gaming software patents or technology. Any other idea?

 

[nojuice9]

Isn't gambling legal in England and Ireland? I don't see why it wouldn't work here, doesn't seem to bother sports over there.

 

[gmenknicks]

pretty soon i think you will be able to walk into a "virtual" MGM casino...an online site where you can play table games or gamble in the sportsbook all under the control of the actual MGM casino in Vegas. It makes perfect sense. The brand recognition gives instant credibility and if they are smart with it it can drive action to the actual hotel in Vegas.

the people that flock to vegas arent going to stop coming because they can gamble online...people like us on this site still love the live action and atmosphere. this is a winning combination and I am sure it will happen....i have some money available and i am just looking for the best way to cash in on this..

 

[YourAllAmerican]

Sportsbetting will never be legalized because the NFL, MLB, NBA will fight against it.

And every right-wing politician who wants to call themselves "conservative" and "pro-family values." Even hinting that you might be in favor of any form of legal gambling is a quick way to lose favor with the evangelicals, and the evangelicals swing a big political stick right now.

 

[gmenknicks]

Venture Bets on Chance Online Gambling Comes to U.S.


http://online.wsj.com/article/SB10001424052702304887904576395581830778492.html

this is the kind of thing i am trying to investigate. anyone ever heard of them?

 

[DNoonan]

not an investment rec, but here you go...CryptoLogic Limited (CRYP)


CryptoLogic Limited, together with its subsidiaries, provides comprehensive solution comprising software, network operations, and administrative and marketing consulting services to licensed gaming operators that allow licensees to offer online casino and poker games. The company offers Internet-based gaming and electronic commerce software products, such as hosted casino used by licensees to create virtual casinos. It provides hosting and service arrangements for the operation of online casino and poker games on behalf of licensed casinos. The company also licenses individual games, primarily with branded content, to the licensed gaming operators. It operates primarily in Ireland, Malta, Gibraltar, Alderney, and Curacao. CryptoLogic Limited was founded in 1995 and is headquartered in Dublin, Ireland.

 

[HarnessART]

online gambling

Who is going to take the lead.For online poker and sportbetting?.
I just hope when they do open it .It will be competive market Bonanza for sport betters

Hill bought Lucky to get foothold in Las Vegas.

Cantor very progressive

MGM

LVS

HARRAH With the wsop already has a foot up

Wynn hook up with poker star probably picked there brains and ready to go

 

[gmenknicks]

thanks Dnoonan will check it out

Barton to unveil online poker bill Friday
By Gautham Nagesh - 06/23/11 07:22 PM ET

http://thehill.com/blogs/hillicon-v...ech-barton-to-unveil-online-poker-bill-friday

 

[wantitall4moi]

if they legalize sportsbetting do everything you can to become a 'licensed' sportsbroker. Sell yourself as an expert in sportsbetting and learn all the legitimate economic terms associated with standard investing and go for it.

I am sure if sportsbetting becomes legal all the touts that have been pushed into the cesspools they crawled from will be back and better than ever selling their expertise to the new flock of saps...err clientele looking to become sports investors.

 

[gmenknicks]

if they legalize sportsbetting do everything you can to become a 'licensed' sportsbroker. Sell yourself as an expert in sportsbetting and learn all the legitimate economic terms associated with standard investing and go for it.

I am sure if sportsbetting becomes legal all the touts that have been pushed into the cesspools they crawled from will be back and better than ever selling their expertise to the new flock of saps...err clientele looking to become sports investors.

thats an intersting thought, but then wouldnt i be just as much of a scumbag as they are??? there are very few real experts and i know i am not oneo f them nor could i become one...im sure it would be an easy buck but rather find a better way

 

[HacheMan]

All of this will happen eventually.

Everything else is changing and so will this...