Gaming Stocks Increase
By nisha
Internet gaming breakthrough increases stock prices. The breakthrough of the Internet gambling bill in Nevada has had a significant impact on gaming stocks- they’ve increased in values. The bill, which was submitted in January, was approved by the legislature on Monday and its now up to the Gaming regulators to come up with satisfactory rules and regulations in order for it to be enforced. The past two sessions has seen the share prices of developers of Internet software and Web sites like Crypto Logic rise by more than 23%. In contrast, Magna Entertainment Inc, the largest owner of horse racing tracks and a developer of sports wagering, saw its share price slip 35cents to $9.80 However, even though it seems the market is ready for Internet gaming, it will take between 12-18 months before punters can walk into a casino in Vegas and gamble online.
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