11th of October 2009 Author: Ava Jackuard
Barclays Capital says European online gambling regulation will lead to strong revenue growth
The Reuters news agency reports that the investment arm of a major UK bank is now monitoring several high profile online gambling companies following increased interest in the sector.
Barclays Capital is following the fortunes of Bwin, Sportingbet, 888 Holdings and Party Gaming, the report notes.
Shares in the European-facing, Vienna-listed Internet gambling group Bwin rose 4 percent to Euro 34.23 after Barclays Capital started coverage of the stock with an "overweight" rating and a target price of Euros 45.
In a review of the sector, the broker says that online gambling and betting regulation in European countries, including Italy and France, will lead to strong revenue growth.
"Bwin is our top pick in the online industry due to its strong positioning in key European markets," the initial BarCap report comments. "In Italy, we forecast the acquisition of Gioco Digitale to grow poker revenue by 100 percent in 2010... In France and Spain, Bwin is also well positioned to take advantage of regulation."
BarCap gave Sportingbet an "overweight" stance, and classified 888 Holdings and PartyGaming with "equal weight" ratings. All three British stocks traded slightly higher on the news.
General Gambling News
3rd of February 2010
23rd of November 2010
30th of September 2014
27th of September 2014
21st of August 2014
5th of August 2014
13th of August 2014
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2014
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here