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Keep watch for new casino IPOs

As the online gambling world awaits the next big online casino IPO, many people are all wondering what online casino will be next? It isn’t as if there are a lot of news reports recently about upcoming online casinos IPOs. Could it be that they’ve finally sobered up to the idea that the free money that was supposedly hoped for isn’t as easy to get anymore now that the realities of dealing with the stock markets of the world are known? This could very well be the case, and you can’t really say the nay-sayers didn’t warn online casino execs that they had to tone down their enthusiasm.

Because they did. There were a lot of people out there, and there are still a lot of people out there, for whom the online casino share offering rush was not all it was cracked up to be. These people knew that saying the skies are the limit after going public on the London Stock Exchange and the reality of the fickleness of financial markets reacting to even the smallest, most happiest of negative announcements makes an online casino IPO serious business, much more serious than any online casino game they might offer on their websites.

Online casino IPOs are a good thing for the online gambling industry. They show that the online gambling world is maturing for casinos, and this can only gain the casino industry over the internet more clout in the weeks, months and years to come. For the moment, the news seems quiet about online casino share offerings, but reader beware because you can bet your money that as time goes on there will be other online casinos seeking that easy money route rather than be satisfied earning money from wagers, and this could contribute to an online casino bubble that could hurt the entire industry if they aren’t careful.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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