Good News From Deutsche Bank
Published: Friday, July 22, 2005 Online-Casinos.com
GOOD NEWS FROM DEUTSCHE BANK
Deutsche Bank had just made public what appears to be a positive report on the online poker and gambling industry as we went to press this week.
InfoPowa and Online-Casinos.com has not yet seen a copy of the broker's report, but it apparently points out that many of the companies in the online gambling space are generating substantial profits, with European companies making the most of the grey areas in US legislation.
Deutsche Bank has been following Partygaming and Sportingbet with 'buy' recommendations and a price target of 175p and 425p respectively, and has stayed with its 'buy' stance on Hilton and raised William Hill to 'buy' from 'hold', with a price target of 625p from 575p, noting the growth prospects from its online business.
The report from such a respected source is likely to have a favourable impact on public company shares and the manner in which the industry is perceived.
World Gaming has also issued a press release highlighting increased interest in its stock, and confirming that it is on the acquisition trail.
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