Morgan stanley online gambling report

Multinational financial services corporation Morgan Stanley has downgraded its growth expectations for the online gaming market in the US. In its latest report, Morgan Stanley estimates that revenue generated by regulated online gambling operations in the US will hit $ billion (€ billion) by the year Apr 07,  · The author is a Forbes chunk at $ billion or 28% and online gambling at $37 report says. However, Morgan Stanley’s top five. Morgan Stanley revised their US online gambling revenues after analyzing the past few months’ activity and the figures are much lower than first anticipated.

Morgan Stanley lowers growth forecast for online gaming in US

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Report: Global Gambling Market Was $423B In 2014

The financial powerhouse has recently penned a page report cutting US online gambling market estimates quite drastically. Despite the falling numbers, the reports indicate that Morgan Stanley remains bullish on the long-term opportunities for US online gambling once the technical and awareness issues are finally put to bed.

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Talking about legislative process, and the report bears no mention of any federal ruling over iGaming in the next five years, and instead focuses on the current state-by-state trend that has kick-started the revolution. The forecast indicates there will be seven states live by , and 20 by the end of With the exception of California, Pennsylvania, New York and Illinois, the rest of the cast seem to be hiding on a memo that failed to reach the desk of the person who wrote this report.

Writing in the California Gambler, intrepid reporter Steve Ruddock cites Colorado, Iowa, Massachusetts, Mississippi, West Virginia, Maryland, Hawaii, and Washington as potential candidates, but even that little wizard is left scratching his head as to what other states will be opening their cyber doors.

Morgan Stanley has had to rely heavily on the performance of the current three states New Jersey in particular for their predictions of the future. The report believes an online poker bill will be passed in California some time during , with the market opening up in The inclusion of Illinois is forecast to be after legislation is passed in This assumes that Illinois will go the whole nine yards and introduce a total iGaming experience into the state, and not just online poker.

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Players connect passes and strike their opponents with handheld video game controllers, and rarely do they leave their chairs. Old-school sports fans may roll their eyes, but eSports—professional video gaming—is gaining traction as a spectator sport, garnering ticket sales, attracting major sponsorships and grabbing a growing share of advertising dollars.

The segment is organizing around professional teams and leagues, many of them run by same high-profile owners of traditional major league sports. Mainstream advertisers, from beverage companies to financial services companies, have come on as major sponsors and advertisers. It sits at the junction of the leisure industry, video game publishers, the events business, the sports world, media rights, and advertising and sponsorship," says Patrick Wellington, Head of European Media Research, who outlines this trend in a new report from Morgan Stanley.

With a fan base that is young, affluent and global, eSports is well positioned to win sponsorship and advertising dollars. Global Online eSports Viewership vs. Sporting Event TV Viewers. Video game enthusiasts have been coming together for tournaments and festivals for decades, but digital distribution channels coupled with the growth of gaming in general has given rise to an eSports ecosystem with many of the same dynamics as traditional major league sports. The best players are now part of professional teams, which in many cases offer guaranteed salaries and benefits, coaches and training facilities.

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Teams typically participate in tournaments organized by independently-owned leagues. Although organizers make money from ticket sales and merchandise sold to in-person audiences, they also sell media rights to distributors.

Online networks and apps function as the primary distribution channels for eSports, although traditional distributors are showing increased interest, and understandably. In , eSports enthusiasts around the world are expected to watch 6.


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Terre haute gambling raid

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Indiana gaming police seized 88 illegal electronic gaming machines in a raid at a Terre Haute business Friday. The raid occurred at Lektron, Wabash Ave. Officers were tipped off when they saw an ad in a gaming magazine in which the owner was trying to sell the machines. The owner of the business, Gordon Klein, could not immediately be reached for comment and an employee, Greg Mitchell, had no comment. Rollins said it will be up to the Vigo County prosecutor whether to file criminal charges.

Possession of the gaming machines is a class-A infraction. If the machines are used for gambling, then it could potentially become a class-D felony, Rollins said. The Gaming Control Division was established by House Bill during the legislative session and went into effect July 1. The primary job of the division is to investigate illegal gambling, but gaming control officers have full police powers and can enforce all Indiana laws.

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The Gaming Commission number is and people should ask for a representative of the Gaming Control Division. People also can e-mail lrollins igc. Statewide, there is a crackdown on the electronic gaming machines, he said. Several raids have occurred throughout the state in recent weeks. Twenty machines were seized Thursday night in Lafayette.

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Sue Loughlin can be reached at or sue. Edit Article Add New Article. THPD officer slain, suspect also dead Suspect in shooting of Officer Pitts identified in court document Obituary of Terre Haute police officer Rob Pitts released Rob Pitts called a 'hero' Three people killed, one jailed, two cities heartbroken Details released on homicide that preceded fatal shooting of officer Fallen officer identified in fatal shooting Hannah's Story: Commented Sorry, there are no recent results for popular commented articles.



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