RE:RE:RE:Morgan Stanelysolarman2013 wrote: He is obviously not reading the same news feeds as we are.
Germany just presented a new interstate compact to EU for approval. If that works, its a wide open country for sports betting to STARS.
Tennesse, Iowa, Indiana just passed bills into law with friendly governors to sign.
WV has legalized it with governors signature.
Michigan, Illinois looking to be next.
NY still on the fence.
Even Ontario is making noise that they should open up mobile sports betting.
Most projections see 15 states legalized within next 12 months with potential for 25 by end of 2020. So how exactly is this a challenging regulatory environment? I could understand if he is talking China and some of the advertising ban discussions in European countries, but then again, no country or state or province is going to be the last one to legalized online/mobile as the revenues are simply staggering. In NJ, 80% of sports betting last month was mobile, not at a site. This is the future and we are in it. The fact they just bought so many shares tells me its a smoke and mirrors game.
Somehow, I think Morgan Stanley has access to better data than your Google alerts.
As I have said in the past, regulations are the biggest risk. Any day, and country could raise their gambling taxes (like the UK seems to do every year) or even ban types of gambling (like Australia with poker) or block certain payment methods (Russia).
For those who don't think this is a risk, you are fools. It's a clear and present risk and will continue to be forever.
The legal, online gambling space is in its infancy, but one thing is for sure: governments that legalize and tax it will continue to raise their take. Just look at the other sins like cigarettes and alcohol.