Giles Hargreave, manager of the Marlborough Special Situations fund, sees potential in online gaming companies but advises investors to spread their bets.
The US is beginning to ease restrictions on online gambling and some of the first winners are likely to be a number of smaller UK companies that are among the world leaders in internet gaming. New Jersey recently followed the lead of Delaware and Nevada in reversing a ban imposed in the US in 2006 and a number of other states are considering doing the same. This presents a lucrative new market for online gaming companies and an attractive opportunity for investors. Some UK firms have already moved to sign joint ventures, launch new brands and be the first to secure all-important licen...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
