The best way of course would be to become a local bookie. (Any existing local book better write a maximum donation to your local Repub Congressional candidate for dropping this gift from "God" into your laps). But few have the capital and cahones to start such a risky occupation, so lets go to "legal" alternatives:
1) SHORT stocks of publically traded companies that are purely dependent on offshore growth, for example, Neteller, Party Gaming, and Betonsports, which all trade on the UK exchanges.
2) SHORT large U.S. banking stocks, such as Bank of America and Citicorp. All the legislation I see forces the banks to "police" their customers against making transactions involving offshore gaming. This is going to be a huge, huge administative headache and expensive burden, not to mention the potential liablity the banks will have to the feds if they negligently or intentionally let such transactions through. (a subset of this school of though is to SHORT stocks of ISPs, since they too, would be "burdened" with the cost of policing their customers from surfing to gambling sites, under the proposed legislation).
3) GO LONG stocks of "legal" gaming companies in the U.S. Gamblers won't stop doing what they are doing just because of a net ban, but they will instead drive to their nearest riverboat or land based casino in greater frequency. I would think HARRAHS would see a huge jump in business, as they are the largest gaming stock in the U.S. My personal favorite pick (even though I currently hate playing there) is good 'ole LEROYS (BETM, OTC) which is the only pure play legal sportsbook I could find. They should see an enormous jump in handle just from the guys who will cross the borders of Utah, Idaho, Zona and Cali to bet sports, instead of betting online, as they used to.
1) SHORT stocks of publically traded companies that are purely dependent on offshore growth, for example, Neteller, Party Gaming, and Betonsports, which all trade on the UK exchanges.
2) SHORT large U.S. banking stocks, such as Bank of America and Citicorp. All the legislation I see forces the banks to "police" their customers against making transactions involving offshore gaming. This is going to be a huge, huge administative headache and expensive burden, not to mention the potential liablity the banks will have to the feds if they negligently or intentionally let such transactions through. (a subset of this school of though is to SHORT stocks of ISPs, since they too, would be "burdened" with the cost of policing their customers from surfing to gambling sites, under the proposed legislation).
3) GO LONG stocks of "legal" gaming companies in the U.S. Gamblers won't stop doing what they are doing just because of a net ban, but they will instead drive to their nearest riverboat or land based casino in greater frequency. I would think HARRAHS would see a huge jump in business, as they are the largest gaming stock in the U.S. My personal favorite pick (even though I currently hate playing there) is good 'ole LEROYS (BETM, OTC) which is the only pure play legal sportsbook I could find. They should see an enormous jump in handle just from the guys who will cross the borders of Utah, Idaho, Zona and Cali to bet sports, instead of betting online, as they used to.
