Online gambling a tailwind for the U.S. industry
News on 22 Aug 2013
News on 22 Aug 2013
In its latest assessment of major US land gambling group Boyd Gaming the investment publication Seeking Alpha opines that the move toward online gambling in the United States is a major tailwind for the gambling industry.
Another is the upturn in Las Vegas over the last 12 months, where almost 18,000 jobs have been added, and there are now $6 billion in projects ready to re-start after the doldrum years. Another indication of improvement is the house market in Vegas, where formerly record low prices are up more than 30 percent in the past year.
“The biggest industry tailwind is the advent of online gaming,” Seeking Alpha reports, noting the legalisation progress in Nevada, New Jersey and Delaware and the fact that at least 40 other states are debating online gaming legislation.
The assessment goes on to note that Boyd is strongly positioned for the online gambling revolution, particularly in Atlantic City, where the group has partnered with Bwin Party Digital Entertainment to offer online poker, slots and table games under both the Borgata and PartyPoker brands.
