. Morgan stanley online gambling report

Who hold out hope that their state will morgan stanley online gambling report soon enact igaming legislation are in for a disappointment, according to the report. The report’s findings and projections, while certainly interesting and plausible, are merely estimates that may change substantially as time moves on. S. Morgan Stanley envisions only the golden state of California passing online morgan stanley online gambling report poker legislation in 2015, with a launch taking place the following year. That inclination would likely permit PokerStars to rid itself of the “bad actor” label. While those three states are launching, Morgan Stanley believes there is a good chance that the legislatures in Colorado, Massachusetts and ci sono casino a madrid Iowa finally approve igaming regulations of their own and invite players within their states to place online wagers in 2018. S. S. Next in line to join the online poker and gambling party will likely be New York, Illinois and Pennsylvania in 2016 with market grand openings in 2017. Those insights are gleaned from the fact that all three states have produced rather lackluster revenue results morgan stanley online gambling report in comparison to projections made prior to launch. The report did offer up some reasons for optimism as well, as the analysts indicated morgan stanley online gambling report they expect 12-20 states to have legal online gambling by 2020 (based on their bullish and bearish forecasts), and anticipate poker tournaments at seneca niagara casino California and potentially Pennsylvania passing an online poker bill in 2015. Undergoes a domino effect of sorts following the passage of an online poker bill in California, or perhaps a state like Pennsylvania, it’s hard to envision 20 states with online gambling by 2020 –which as scary as this sounds, is just over five years away. Colorado, Iowa, Massachusetts, Mississippi, West Virginia, Maryland, Hawaii, and Washington are all believed 4 bears casino phone number to be potential contenders, or have at least explored the idea of passing an online gambling bill (some are far more likely than others), but this still leaves us up to five states shy of reaching 20. Based partially on the performance of PokerStars following the industry giant’s entry into the Italian market in 2009, Morgan Stanley sees revenue in New morgan stanley online gambling report Jersey growing 60% year-on-year after gaming regulators give their approval as poker room la vela parma expected. Future U. Growth seems overstated I’m not sure if they were simply trying to stick to a theme of 20’s here (20 states by 2020), considering that even if the U. PokerStars NJ impact also addressed The financial services corporation headquartered in New York released its findings a few days ago which revealed that those 20 states may be generating revenue of $5. However, better days appear to be on the horizon, as Morgan Stanley believes PokerStars morgan stanley online gambling report will have a tremendous impact on the New Jersey market. The market in Italy boomed 62% due to PokerStars’ inclusion. The report makes mention of the fact that PokerStars’ entry into the marketplace morgan stanley online gambling report in Italy is only one example, however, analysts “believe it portends well for the potential impact PokerStars could have on the NJ market, morgan stanley online gambling report especially if it begins to convert some of its casino in king of prussia employment users to casino games (which are much more profitable). Online gambling market would be worth double that total at $10. S. Online poker players in the U. Whether 20 regulated states in six years morgan stanley online gambling report is a lot or a little is a matter for debate. S. Should PokerStars indeed be responsible for New Jersey revenue to skyrocket as Morgan Stanley suggests, other states may be more inclined to get in on the action. 2 billion by the end of this decade. 7 billion. If all 50 states became regulated and were included in the estimates, the U. ” That projected spike in revenue in the Garden State may cause other states to battle slots birds of another feather rethink their online gambling regulation leanings. Working against Morgan Stanley’s credibility on this front is their previous estimates, where they were over five-times the Eilers and Deutsche Bank estimates of $2 billion just six-months ago, and are still more than double the other two estimates despite two downward revisions. It’s a lot considering only three states are currently regulated, and a little when realizing that it represents only 40% of the entire U.