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Monday, May 14, 2018

Gaming Investors Are All Smiles Following SCOTUS Ruling


Led by Scientific Games Corp, shares in gaming and casino companies jumped on Monday. This as investors wagered on new business opportunities for the industry after the U.S. Supreme Court paved the way for states to legalize sports betting. The ruling endorsed New Jersey’s bid to allow sports betting and struck down a 1992 federal law that widely prohibited the practice. This potentially adds a new line of business for many casinos and for betting technology providers such as Scientific Games and International Game Technology. It takes the United States a step closer to the possible expansion of legal sports betting nationwide. This rather than select places such as Nevada, home to gambling capital Las Vegas. The illegal sports betting market is worth billions of dollars annually. https://ift.tt/2wI9t8O http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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