JIN 1.98% $17.29 jumbo interactive limited

rush to form alliances

  1. 861 Posts.
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    I thought this would ramp up quickly - the favourable outcome to the senate hearing on online gambling has triggered the rush to form alliances " :-

    http://www.forbes.com/sites/nathanvardi/2011/10/31/the-billionaires-betting-on-internet-gambling/



    "The American land rush for Internet gambling is on and it’s being led by the richest people in the country in anticipation that a regulatory regime for online gambling is coming at either the federal or state level. The U.S. online gambling market has long been the world’s biggest, but for years it has operated in the shadows of the law and a disapproving Department of Justice. Prominent U.S. billionaires and casino companies stayed out of the business, leaving its riches for offshore companies like PokerStars, Full Tilt Poker and Bodog. But now the casino industry is strongly pushing to get Internet gambling regulation through Congress and lawmakers in states like Nevada and New Jersey are also trying to get something done. It is widely believed that first-mover advantage will be key in seizing the Internet if and when online gambling gets regulated, leading to a mad mobilization".



    My belief is that JIN is well prepared and in a good position with the US state lottery operators to take advantage ??




 
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