As US online casinos and online gambling continue to move towards legitmacy, Paul Schumacher, Nebraska Senator is asking for support of a gambling expansion in the state. This amendment would permit the addition of gambling ventures and casinos without the need for voting. Schumaker’s plan is to use the proceeds from these ventures to give forty-nine percent to healthcare and fifty percent towards education.
Connecting states have continued to add new casinos over the past years. One state in which a similar plan has succeeded is Iowa. Proceeds from gambling in that state have been used to keep the state going through these difficult economic times.
888 Holdings Plc., British Gaming 888 are expecting higher than predicted profits for last quarter 2011 and for the entire year. With a strong last quarter, 888 stated that their strategies are paying off and expect continued positive impact. The state of the British household is one of ‘wait and see’ as many families are bracing for a possible recession. This means that most British households are spending more time at home with online casino games and television viewing and that has put 888 in a very good position.
888 operate a number of online gambling operations that include bingo, poker and sports betting. 888 is also planning on investing in new types of operations that are closely tied to the new market regulations throughout Europe.
Having suffered large setbacks earlier in the year with a 36% decline in stock value, 888 is still valued highly on the London Stock Exchange. This is due in part to their strategic investment planning for 2013 and plans for expansion in EU countries.
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