Investors Wating for Legalization of Gambling in US
It seems inevitable, even though hearings on the issue has recently been delayed, that Internet gambling will be legalized and regulated in the United States. However, investors will have to find out before everyone else does when that will happen and so far they think that it will not be happening anytime soon.
Recently, there was a big win for the online gambling industry in terms of the future of Internet gambling in the United States market, but it doesn’t mean that investors are waiting in the wings to invest their money.
One company that may make many millions of dollars in generated revenue if Internet poker was regulated in the United Stats is Zynga Inc. Zynga Inc. Currently the company runs the biggest Texas Holdem application on the very popular Facebook web page, which is the choice of many people in the U.S. for their social networking online. The current system that in use on Facebook, in terms of online poker, lets members play against each other, but the money is not real but virtual and it can never be turned into real cold hard cash.
If Internet poker becomes regulated and legalized in the United States, Facebook may make millions, maybe even billions, as they could allow members to play for real money. There are other companies that have been getting ready for the legalization of online gambling as well.
PartyGaming, which currently is the highest-traded gaming stock on the stock exchange in London, recently settled a case against them in the United States. Now PartyGaming is in a great position to get back into the U.S, market after they left it back in 2006 when online gambling became illegal. If that happen the stocks of PartyGaming may not just get larger on the London Stock Exchange, but could also get their stock to be traded in the U.S. market as well.
Both gaming companies and possible gaming companies are watching the clock to when the online gambling industry will become legalized and regulated in the United States. If the laws change soon these types of companies may have no limit to the amount of money they could make and that is exactly what investors are anxiously waiting for.
