GamingIndustryStocks.com (GIS) an investor and industry news portal for the gaming sector, features the ‘Online and Mobile Gambling Market Momentum’ report on the growing market for online and mobile gambling for investors and industry following the sector. Factors driving this sector and the legislative uncertainty that has continued are reviewed through perspectives from PartyGaming, WPT Technologies Inc., CryptoLogic Inc., and MGN Technologies. Insights are also revealed by Internet gaming attorney, Lawrence Walters and Brian Wright, Business Manager with the Remote Gambling Association.
PartyGaming (LSE: PRTY.L), flew into the spotlight with their highly successful IPO in the summer of 2005 making them London’s biggest IPO in five years. Richard Segal, Chief Executive, describes product growth as an important driver to market growth, but one that finds itself second behind the power of cross-selling a variety of games to a common customer base.
Mark Jensen, CEO of MGN Technologies, d.b.a Mobile Gaming Now (OTCBB: MGNLF), an online and mobile casino gaming software developer, explains further, “Broadband is a key market driver for both online and mobile games as it allows more information to be delivered at a faster rate. Online gaming will continue to grow because games are easier and more fun to play with a broadband connection.”
Global perspectives are important for companies in this space. WPT Enterprises Inc. (NASDAQ: WPTE), creators of World Poker Tour, sees the internationalization of poker right now as their biggest driver for future growth, according to Todd Steele, Chief Financial Officer.
While legislative uncertainty continues to remain unresolved, actions in the UK have given much to be optimistic about. As Nancy Chan-Palmateer, Director, Communications with CryptoLogic Inc.(NASDAQ: CRYP), explains, “Brand name operators and games along with increasing government regulation such as we’re seeing in the UK will be key drivers to foster a credible marketplace and spur further market growth of online gaming into mainstream online entertainment.”
GIS does not make recommendations, but offers a unique free information portal to research news, articles, interviews and a growing list of participating public companies in the gaming industry.
Featured Company MGN Technologies, Inc.: (GIS is compensated by MGN Technologies as disclosed in disclaimer.)
MGN Technologies, Inc. d.b.a Mobile Gaming Now. (OTCBB: MGNLF) is a gaming software developer and marketer focused on the casino gaming market. Operating in Kirkland, Washington, the Company operates its own gaming sites as well as licenses its gaming platform to strategic partners. Players can play for free, play for prizes or play for money. The Company has developed the first multi-player Texas Holdem game for free or money with integrated personal computer and mobile game play.
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Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. MGN Technologies, Inc. d.b.a Mobile Gaming Now (OTCBB: MGNLF) Four thousand dollars per month, plus Five thousand dollars equivalent in shares.
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Source: GamingIndustryStocks.com, PartyGaming, WPT Technologies, CryptoLogic Inc., and MGN Technologies