Gaming firms coming forward with intent to get into potential U.S. market

With the possibility of online gambling being legalized in the U.S. many online gaming companies are getting prepared to cash in on the market should the law pass, ProactiveInvestors.com reports.

Playtech, an online gambling specialist company is the latest to come forward and admit that it is considering getting involved with the U.S. market after having a strong fourth quarter in 2011.

The company is involved with sportsbook developers and recently joined forces with South African gaming firm Peermont and Germany's Merkur-Gauselmann, making the company's presence even stronger.

"Growth from our existing business has created a solid platform for 2012," Mor Weizer, the company's chief executive, told the website. "Taken together with today's other announcements, I believe Playtech is well positioned to take advantage of market opportunities wherever as and when they appear."

According to the source, Playtech's revenue increased by 89 percent compared to 2010's numbers in the same quarter, while gross income during the fourth quarter was up 79 percent from 2010.

Do you think companies need to prepare for the possibility of online gambling being legalized in the U.S. or will U.S. markets create their own companies for better regulation?

Published on 24 January 2012