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Gambling's American dream

Gambling's American dream

America might prove to be the land of opportunity for listed gambling companies. While UK investors might find it common to put money on their favourite team, sports betting has largely been illegal in the US since legislation in 1992 banned such gambling in all but four states. That law has now been overturned by the Supreme Court as “unconstitutional”, instead leaving it up to individual states to make their own rules. This could present a much enlarged market for UK-listed bookies, already under pressure from unhelpful changes to gambling regulations in Australia and at home.

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