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Gaming Stocks Soar as U.S. Define Forms of Online Gambling
December 29, 2011
Since the DoJ made it’s announcement in regards to the Federal Wire Act last week, online gaming stocks were in demand as dealers reacted to news that US regulators have finally defined and made clarity of their stance on certain forms of online gambling.
In lieu of such changes, many British companies had recently geared up their ties with the US in hopes President Barack Obama would resurrect the market.
Bwin.Party Digital Entertainment leapt 29.7 23pc to 160p and 888 Holdings, which rose 9 per cent to 39.25p.
Betfair and Sportingbet are also eyeing up a market believed to be worth $3bn to $5bn, PartyGaming and 888 are considered to own the technology needed to cope with the flood of new players that would enter their games.
Simon French, an analyst at Panmure Gordon, added: “In effect this will make casino and poker legal, where appropriate state regulations exist and lay the foundations for interstate, non-sports gambling.”
As a result, Mr French strongly reiterated his “buy” recommendation on 888 Holdings because last Thursday the state of Nevada approved regulations permitting the issuance of online poker licences.
“888 is the only UK-listed company to receive Nevada Gaming Commission suitability approval and are expected to supply software to Caesars Entertainment to operate in Nevada,” Mr French pointed out. 888 rose 3.2 to 39.2p.
Bookmakers also moved higher on the back of the positive sentiment. Ladbrokes, for example, ticked up 4.1 to 123.7p and William Hill perked up 6 to 194.7p.
Reported by Maggie B.
CYOS finding support ,next leg UP coming~
I sure hope it's got some future in online gambling. If not I'll chalk this up to lesson learned. But it is holding its position pretty good. Just wish it had held it wed morning instead of jumping making me buy more haha.
That's the sad thing that frustrates me.
Not much going on today is it........ Well I'm one of the bagholders holding at .0012 sure hope some good news comes from this company about the new law opening up online gambling becauase if and when it does this stock should explode.
Wasn't me either. I used to buy it at the bottom and sell for a few dollars. Never any real money. LOL
Hell all,
whats happen here because the PPS rise up last Days - is this a Scam because it has been labeled Caveat Emptor ?
Why is the last PR in 2008
Nice run if you were holding 0001s. Somebody made some big bucks the last couple of days. No it will find it's way back over the next month.imho
Nice looking flag pattern here... good entry point right here!!!
What's going on w/ CYOS ask? 2 mill back to 5,000 size! Is that a fake wall??
I'm always right. EOM
It was a pumped POS based on gambling news...lots of new bagholders here.
Yep an update would be good!
Thanks, tob999.
Looking forward for updates.
CEO is still the same guy...a UK company. Their online gamin portal is active:
http://www.SkillArcade.com
No. There is none. The stock moved all of a sudden after the unexpected bullish DOJ ruling on states internet gambling.
Good Morning balamidas, It's been awhile. I need more DD on this one, Can you help?
Imo, it's trading, not shorting, that is the important tool that balances supply and demand, and keeps the market liquid. If everybofy 'invested' and never sold, there would be no liquidity. Shorting, whether naked, or not, is criminal, imo, and needs to be abolished.....
Read a good quote in a daily email this morning:
"Bulls get rich, and bears get rich, but pigs get slaughtered."
Oink oink! lol
Is there any current info. on this Company?
Mornin. Yep my bad it's Interactive Brokers and SogoTrade.
GM, not sure if tda will let you short pennies. i heard interactive brokers does.
Yep volume would be much higher i agree..a bit of retail shorting here is all i reckon (players who bought in at 0.0004, got out at 0.0014 and then took a short position). There are a cpl of brokers that let you short pennies incl TDA i believe.
NSS is an issue in stocks with insiders manipulation. If a company, even in OTC market, plays by the rule then there won't be any NSS issue. NSS has been known in shady stocks like SPNG, USXP and the like. As for CYOS, I don't think there is NSS issue here. If there was one volume would have been much, much higher.
Hmm..i disagree. It's a major problem especially on less regulated markets like this one! 40M short volume on CYOS over last 2 days does not include NSS numbers?
NSS is a limited issue. I don't see it manifest itself in the stock market so often.
Yep. My main issue is with NSS when MMs manipulate the SP with air shares. This SHOULD be weeded out but SEC/FINRA take zero interest on OTC stocks it seems to me.
Well, shorting is an important tool to balance supply/demand in the stock markets. The Up Tick rule needs to reinstated again for ALL stocks.
I was talkin about naked shorting primarily and that is some crooked sheet genius! Legal shorting has been banned in some European countries..but yep i'd like all shorting to be banned.
all we need is for the co. to be in current, active, and verified pursuit of US based online gaming markets. that is the difference between .0001 and .1
IMO
chart is very bullish after yesterday's consolidation ~
You sir are not the sharpest tool in the shed. Shorts put a bottom in a stock. They play a functional role in trading. Sheeeeesh!
OMG Bush this Bush that. Dude what drug u doing? Get over it! LMAO
Go polish your shoes and get ready to vote for the loser of the century Obama. I won't hold it against because you have a mental condition. Dude just for the record. Dems. held the Senate when this was voted on. Blah, Blah, Blah
CYOS is a momo play based on the positive news out of DOJ, which is, I think, much better than just running on promotion. It may run to .01, eventually.
Today's buy/sell volume looks bullish, 19mm shares sell/16.5mm shares buy, although the stock gained some 1000% in two days. Chart points to a continuation bullish flag pattern. IMO.
But to short trip 0 stocks, you need quite a bit of $$$ in your acct
Shorting is undemocratic and the bane of western economies! They should be hung, drawn and quartered! :)
Yeah, I've never tried the whole short thing. Hard enough to learn how to make money on them going up! lol Although, my personality would lean more towards betting on things failing. lmao
L2 tells me float is almost gone. CEO will update very soon on plans imo! ;)
Fox News just had a segment about on-line gambling becoming legal. It said on-line gaming/gambling is huge, and the revenues for states from taxes will be huge as well....
SKUNK GUTS ? LOL EOM
Nope i don't. Spill the beans NOT your skunk's guts! lmao
I can't even laugh cuz this stock is so painful. You get my drift? My insides are aching. THIS STOCK IS DEAD LIKE A SKUNK THATS BEEN RAN OVER 80 TIMES BY BIG RIGS ON ROUTE 66. Do you feel me now ? EOM
Outstanding Shares
490,000,000
Authorized Shares
500,000,000
Opinions are what they are..go ahead 'spill the beans' lol!! The fact is CYOP Systems still function and have kept this shell alive (and not sold it) for exactly this new circumstance of Bush's stupid online gambling restrictive laws being repealed by a new administration! :)
My true opinion will bREAK this stocks back. I know a couple guys involved here who should've known better to tell you the truth. Don't push me to spill the beans, Okay ? EOM
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