| | |  | Last Updated: Tuesday, June 19, 2007 |  | | | Online Gambling Stocks May See Boost
- Sunday, 27 Nov 2005
Some of the top online casino operators on the online gambling market are trading their stocks on the London Stock Exchange. A recent news piece aired on CBS news show 60 Minutes has given a positive exposure to online casinos such as BetonSports, Sportingbet, and PartyGaming. As is so happens, all of these online gambling sites trade their stocks on the stock market. By getting this exposure, the share value of these online gambling could rise.
People don’t understand how monumental it was for the online gambling industry to be featured in such a reputable news show like this. Many experts claim that being featured in a household news show with such a reputable reputation will help push the online gambling industry further and further into mainstream. The show discussed various aspects of the online gambling industry including possible legalization in exchange to taxing the operation of online casinos.
The show hosted executives ranging from different corners of the online and offline gambling industry. The most surprising revelation came from MGM/Mirage CEO Terry Lanni who actually lobbied for online gambling to be regulated by the US government. The motive of Lanni and other gambling executives who make similar claims is very simple. As it stands now, land based gambling companies cant compete with online casinos since they cant offer the same kind of service online. However, regulating the online gambling industry will give them a chance to run online casinos of their own.
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