1. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
  2. By continuing to use the site, you agree to the use of cookies. You can find out more by following.Find out more.
    Dismiss Notice
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

Gambling Shares - London Stockmarket

Discussion in 'Casino Industry Discussion' started by vinylweatherman, Oct 2, 2006.

    Oct 2, 2006
  1. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    The London stock exchange opened around half an hour ago, and most online gaming shares were mauled. Up to 80% was wiped off the value of some, with around 50% being the norm. Neteller was clobbered too.
    Many investors in these shares were in denial about this bill ever making it in time, and did not bank on resourceful polititians using a common shortcut, tagging the measures onto another bill (port securities).
    The markets now take the view that Bush signing it into law is a mere formality that will happen in the next couple of weeks.
     
  2. Oct 2, 2006
  3. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Actually, this may a good time to buy. Most of us who have been in the industry for a long time understand that even though it may be volatile - it is extremely resilient. You may find some of the companies that are getting seriously pounded diversifying in the next year or two, or finding other options that comply with US law yet cater to American players. Should be interesting.
     
  4. Oct 2, 2006
  5. Simmo!

    Simmo! Moderator

    Occupation:
    Web Dev.
    Location:
    England
    Totally agree :thumbsup:
     
  6. Oct 2, 2006
  7. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Brave

    Indeed, many investors see such panic selling as a buying opportunity, but the trick is to spot which of the companies are going to be able to brush this off and which are going to be seriously affected.
    Companies with least exposure to US players, and a policy of expanding into Asia and Europe (especially places like Japan and China (illegal, but very popular in China) are most likely to come out on top.
    Companies who have pandered to the US market and insulted the rest of the world by labelling large market countries as "full of abusers" are going to suffer the most. I certainly would be suspicious if the likes of Grand Privvy suddenly told me it was OK for us Brits to sink our teeth into their bonuses, I would suspect they were setting us up for a shafting to make up for lost US revenue.
     
  8. Oct 2, 2006
  9. thelawnet

    thelawnet Dormant account

    Occupation:
    programmer
    Location:
    UK
    that depends.

    some companies are in huge difficulties.

    without USplayers, party is worthless. Don't buy at any price imo. A multiplayer game needs players.

    neteller is also still high risk - there's little need for neteller outside the US

    some companies like cryptologic have a sounder basis though
     
  10. Oct 2, 2006
  11. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Yeah sure, but I would look at companies that have not relied primarily on US players. Some of these groups like 888.com have had massive campaigns in the UK. 32Red has mostly Brit players...I believe Playtech has a number of successful Japanese casinos.
    I think Neteller is used pretty much used all over. I'm in Europe and this is what I normally use. Many people in Europe - especially on the continent, don't like using CCs or only have debit cards. Don't know what it's like in the UK.
     
  12. Oct 2, 2006
  13. universexf6

    universexf6 Dormant account

    Occupation:
    Harakiri
    Location:
    A Country Called Full Of Geld
    Wow... I read this news now.

    Party Gaming Falling by 60%?

    Just can't utter any word.

    I would've hung myself if I were the holder of the share...
     
  14. Oct 3, 2006
  15. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    Neteller

    I find Neteller, or other webwallets for that matter, just as useful here in the UK because there are changes afoot with credit cards that are making it harder to use them for online gambling. No UK credit card from an American bank will work for gambling, even for non-US holders. This is a case of the US dictating to us Brits what we are allowed to use our cards for. Cards from UK banks will work provided they are VISA rather than Mastercard, there is still one drawback, the 2 to 3 extra day's delay when receiving a withdrawal from even the fastest paying casino. Many VISA cards have now issued new terms that treat gambling transactions as a cash advance rather than a purchase, the most obvious disadvantage is the fact that we will pay 27% interest on the deposit till we pay off the card or receive winnings from the casino.
    In short, webwallets still have the edge for UK players, even though we can find casinos that take our cards, and even refund to them.
     
  16. Oct 3, 2006
  17. royalworld

    royalworld Dormant account

    Occupation:
    webmaster
    Location:
    US
    i read this in the news today "Shares of PartyGaming Plc, Sportingbet Plc and 888 Holdings Plc plummeted, wiping out $7 billion of market value, after Congress passed laws to shut down Internet gambling in the U.S. "
     
  18. Oct 4, 2006
  19. The Watchdog

    The Watchdog Dormant account

    Occupation:
    sports, poker, casinos
    Location:
    Costa Rica
    Honestly...

    I have seen the first negative consecuence to the industry in my country.

    Today Nine.com, a major operator in the gambling operator closed their office in Costa Rica. They have not closed operations, but it seems that their business has been affected and some customers might have left due to current news from the senate.

    Nine.com its a publicly traded company, which helps understand why they took this decision.

    A nice article to relax the masses has been written here. Check it out, I really liked it and its very positive.

    You must register/login in order to see the link.
     
  20. Oct 4, 2006
  21. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    The closure of Nine.com's office in Costa Rica is probably more coincidental than consequential.

    This company is a member of the Leisure and Gaming group, whose CEO Alistair Assheton noted some weeks ago that the overhead on Nine.com was too rich and something would have to be done about it before the end of the year.

    My understanding is that Nine.com is being merged into another L&G group, VIP Management Services, and it will be administered from Curacao. The company has indicated that account holders will not be affected by the move and their account balances are safe.
     
    1 person likes this.
  22. Oct 4, 2006
  23. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    World Gaming

    World Gaming has announced it may be in default of it's loan agreements. It has 95% of it's business from the USA, and by looking at a website list of all their properties it seems they are heavily into sports betting too!!!

    Oh Dear, this could be the first company to fail, or need rescue takeover.

    It looks like another ingredient should be looked at, those companies that have borrowed in anticipation of a continuing and/or expanding US player base. These loans will be a millstone at a time when they are seeing a severe contraction of turnover.
    Players, even those outside the USA, should think about how much money they are prepared to leave in their accounts at sites run by world gaming, as it is possible that, as a PLC, should there be a need to freeze their listing if they default on loan stock, this MAY make it harder for them to conduct business normally, such as paying out to players as quickly as normal.
     
  24. Oct 4, 2006
  25. thelawnet

    thelawnet Dormant account

    Occupation:
    programmer
    Location:
    UK
    they were all related anyway - when you ask for support at nine.com, the popup asks which site you're coming from - nine.com, vip.com, etc.

    totally unrelated
     
  26. Oct 5, 2006
  27. Macgyver

    Macgyver Dormant account PABnononaccred

    Occupation:
    Student
    Location:
    North Carolina
    Having faith (call it naivete if you want) that the online gambling world will persevere and claw back from this, I have a question ...

    If I'm interested in buying stocks through the London Stock Exchange, as a U.S. citizen, how would I go about it?

    Or is it even possible?

    Sites / suggestions / comments welcome ... :thumbsup:
     
  28. Oct 5, 2006
  29. tennis_balls

    tennis_balls Dormant account

    Occupation:
    fish n chips promoter
    Location:
    Albuquerque, NM
    yes.....you should be able to buy them via most brokerages (but not online).....the transaction fees will be higher

    find the trading symbols via yahoo before you call in case you get a rookie agent.....for example 32Red is TTR.L on yahoo, but maybe it's just TTR in England
     
  30. Oct 5, 2006
  31. Macgyver

    Macgyver Dormant account PABnononaccred

    Occupation:
    Student
    Location:
    North Carolina
    I checked Ameritrade.com (first one that popped into my head) and they showed NETeller, will check for 32 Red and some others.

    Any other comments or suggestions are still greatly appreciated. :thumbsup:
     
  32. Oct 5, 2006
  33. spearmaster

    spearmaster RIP Ted

    Occupation:
    Devil's Advocate
    Location:
    Heaven
    Last time I checked, I could not buy any foreign stocks through Ameritrade. I had wanted in on the boom but no luck there.

    If you see anything interesting, MacGyver, I would be very appreciative if you would let us know!
     
  34. Oct 5, 2006
  35. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    Ok... I'll heed the advice. But who or what is World Gaming? Which casinos?
     

Share This Page