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Cryptologic a good investment opportunity says The Motley Fool
Turnkey online casino provider Cryptologic, together with the prospects for the online gambling industry as a whole was given a boost this week by a positive article in The Motley Fool, which suggested that the games developer was a good investment bet in a promising industry.
Author Brian Pacampara wrote that the company has a sound reputation, a good client list, ample cash reserves and routinely produces good key performance statistics in an industry expected to grow to $19.6 billion in revenues by 2010, although he inserts the caveat that the Unlawful Internet Gambling Enforcement Act could put a dent in those numbers, with only time revealing how big that will be.
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"Either way, the data clearly shows that a worldwide demand to gamble online exists and that CryptoLogic will play a major role in meeting it - with or without the United States.," Pacampara argues. "With Europe and Asia alone having considerably more than 10 times the population of the U.S., there should be more than enough growth in demand to make up for the shortfall of U.S. business."
Pacampara claims there's a good chance that the newly formed Democratic Senate will support a campaign that looks into the regulation of Internet gambling, rather than its outright prohibition. "That makes CryptoLogic's stock a truly mouthwatering risk-reward proposition for 2007," he concludes.
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