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ZNGA: NBA commissioner Adam Silver publicly supports...



Momentum builds for legalized sports betting
Mar 10 2015, 14:49 ET | By: Clark Schultz, SA News Editor [Contact this editor with comments or a news tip]

The push to legalize sports betting has a "tidal wave" of momentum behind it, according to some legal and gaming experts.

NBA commissioner Adam Silver publicly supports bringing sports betting off the black market, and other high-level sports execs say they are open to having discussions on the topic.

If legalized sports betting were to take off, companies with an edge on the technology front could carve up market share.

U.K. firm William Hill (OTC:WIMHF, OTCPK:WIMHY) now brings in 40% of its handle via mobile apps.
Though major casino operators such as Wynn Resorts (NASDAQ:WYNN), Caesars Entertainment (NASDAQ:CZR), and MGM Resorts (NYSE:MGM) face some risk of reduced Las Vegas traffic, they also have a branding advantage with potential bettors which can be leveraged.


Scientific Games (NASDAQ:SGMS) and Zynga (NASDAQ:ZNGA) appear poised to jump on the sports gambling scene as soon as legalities clear.



Even Comcast (NASDAQ:CMCSA) is on the periphery of sports betting through Comcast Ventures' property FanDuel.com.

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Source: seekingalpha.com/news/2358286-momentum-builds-for-legalized-sports-betting