Could anyone knowledgable give me a little input on what is happening with the legalization in the US?
I am pretty off the poker scene these days and not longer that up to date whats going on in the US. However, I am into the stock market and some Swedish betting providers/casino providers have had a big upswing following the news that its opening up in the US (companies like Kambi).
Was this opening up in New Jersey a big milestone? Will the rest of the US follow in its footsteps? Is this affecting other parts of gambling, ie poker and online casino games? Will this process take months, year, or even 5+ years?
If there is a big opening on its way in the US for sport betting/casino platform providers I do see a potential upside investing in these kind of companies in Europe (mostly Sweden for myself). However, their stock prices has already started to go up and I dont want a potential blockbuster in the US to be 3 or even as long as 5+ years away. I would like some potential for big deals and chance of revenue flow be at the most 2 years away, and preferably not just New Jersey. Anyone with input?