It was a tough year for the world’s financial markets. Thanks to OnlinePokiesFun.com for this post. The companies making up the iGaming Industry saw their combined share price increase by an impressive 50+ per cent over the course of 2015.
London’s FTSE100 was down 5 per cent at the end of the year. Moreover, the US based S&P 500 and Dow Jones had their most terrible year since 2008 with share price averages falling down 1 per cent and 2 per cent respectively.
iGaming, the premier gambling information portal has a GI Index of 68 operators and suppliers involved in the iGaming sector . Of these 68 2015 was a year to remember, especially for those investing in Swedish companies. Of the eight Stockholm-listed companies in the list, all showed more than 36% growth on average within this portfolio. This marks a significant improvement on preceding years.
There are a number of reasons for the growth in iGaming stocks. One of the biggest reasons is that the markets have reacted to news that US regulators have softened their stance on a number of forms of internet gambling.
According to Numis Securities this stance change can be summarised as follows; ‘This is a major change in the position of the US DoJ. At the very least it clears the way for state level online poker legislation. Potentially it opens the way for gambling services to be provided from offshore and this may encourage the US Congress to legislate before the floodgates open.’
There were also big mergers in the industry in 2015. Two former rivals announced to the stock exchange that they we’re merging to create the Paddy Power Betfair Group/ an entity in which Paddy Power shareholders would own a 52% stake.Additionally, earlier in the year rivals Ladbrokes and Gala Coral agreed a merger to create a £2.3 billion gambling Goliath. This huge company is expected to outgrow William hill – the biggest player in the UK market.
2016 is shaping up to be another great year for iGaming and online casino stocks. With the rise of smartphone and internet penetration, the US moving and liberalising its online gambling policies and the European Union pushing out anti- competitive casino laws in member states the future is looking exceptionally bright for online gambling stocks.… Read the rest