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1.8 billion at the low end and move as high as billion of gross gaming income, depending on what number of states allow wagering. Analysts say regional gaming firms equivalent to Boyd Gaming Corp and Penn National Gaming Inc stand to benefit, as capital funding to setup the hardware is very low and tax on sports betting in states resembling New Jersey is cheap. The verdict is prone to gas cross-Atlantic progress plans of London-listed gambling firms as they more and more look to increasing in regulated markets the place the risk of an unexpected crackdown is low. The earnings season in Europe has to date been relatively strong, with 55 % of firms in major regional markets posting earnings beats, according to Eikon knowledge. Online gambling corporations suspected of breaking consumer law by offering clients with confusing phrases and situations in signal-up promotions or unfairly holding on to their cash face enforcement motion from the competition watchdog.
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