| | |  | Last Updated: Tuesday, June 19, 2007 |  | | | Online Gambling Stocks High on Demand
- Tuesday, 1 May 2007
Many people believe that the "online gambling bubble" was popped in October 2006 when the United States enacted the Unlawful Online Gambling Enforcement Act, but those people are wrong. Who says so? Well, Rupert Morell does. Morell is the head of the European Growth Fund and he was quoted as saying that the online casino industry is hidden several under appreciated stock gems. The industry is rebuilding itself in Europe and this is the time to buy online gambling stocks cheap – and let their value claim and claim.
Morell puts his words into action, and his Fund will purchase stocks from two online gambling firms that operate in Europe. The online gambling companies do not offer online casino games to American players and will not be influenced by any changes to the American legal stand regarding online gambling. Europe is slowly opening to the online gambling industry and this is the time for business. Taking a look at the stock exchange market will lead you to the same conclusion. With an online gambling firm that caters for more than a million active customers across Europe trading for price-earnings of nine, there is money to be made here.
If you are considering a small investment in the near future, you should seriously consider the online gambling industry as your main target. With big investment companies moving into this part of the market, the share value of online gambling firms will surely raise in the future. All in all, the industry is picking itself up and the future looks promising than ever.
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