How to profit with Online Gambling

Many online gaming businesses and casinos have been popping up in Canada, quickly leaping the country to second place in terms of the industry market cap behind the U.K., where several TSX-listed companies do most of their business.

This is one sector that is growing at a vast rate when there is a low-growth environment globally. H2 Gambling Capital, the industry’s leading source for data, forecasts the that soon the value of the global online casino market will grow in excess of about US$13.5 billion by 2018, which represents a compound annual growth rate of more than 10% per annum from 2014.

Those types of numbers have quickly caught people’s attention and are a major driver of some impressive returns in the online gambling industry.

Electronic gambling has quickly emerged as a profitable industry in Canada. Amaya Inc.’s US$4.9 billion purchase of the top-ranked PokerStars and Full Tilt online poker brands made it the largest publicly listed online gaming company on the planet. Tat moved spawned several spinoffs as Amaya looked to reduce its debt load, but its share price performance continues to make many people very happy and very wealthy.

It dominates online betting in Canada and online poker, but with revenues in that industry declining slowly, Amaya is eager to branch out into other casino games and sports betting in the near future.

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