Green Endeavors (GRNE) – Landis Lifestyle Aveda Salon
This week online gaming stocks like CryptoLogic Limited (NASDAQ:CRYP), GameStop Corp. (NYSE:GME), and Elray Resources Inc (OTC:ELRA) (now Elray Gaming) and para-mutal online horse betting plays like Churchill Downs, Inc. (NASDAQ:CHDN) and Penn National Gaming, Inc (NASDAQ:PENN)were all given in a gift in the form of a policy change of the Justice Department’s longstanding position that all forms of online gaming are illegal in the U.S.
Yesterday the Dept of Justice said it was easing up on its ban of internet gamingand I think that’s due to Federal-to-State “Stimulus Dollars” being spent, there might be a large pool of “State Tax Revenues” to be gained via online gaming.
The DOJ released a legal opinion noting that federal law doesn’t cover online betting that’s not related to sporting events. The 2006 law was brought about by President Bush essentially stopping banks from processing money based in online wagering.
It’s now theoretically a “States Rights” issue; and this from a Democratic DOJ and White House. States can move quickly to tax; and the “Wire Act” reversal may even one day lead to a further policy revision that now stops at betting on sports related events as opposed to poker for example. The DOJ interpretations will no doubt follow as online lotteries breed.
Games of chance just got a huge break in my opinion and big caps, mid caps, and small caps all have the opportunity to prosper whether hardware manufacturers, software makers, marketing plays, or actual web sites.
Each of the stocks mentioned above, of varying price ranges and market caps, stand to benefit (which requires a lot of extra due diligence) and of course gaming shares, even brick and mortar establishments, have all seen share valuations rise.
It’s also my opinion that with the reversal will come a lot of new players into the online betting field and some interesting partnerships and coalitions are bound to develop.
This article written by Dennis Askew:
I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.
Dennis Askew is a paid contributor of the SmallCap Network. Dennis Askew’s personal holdings should be disclosed above. You can also view SmallCap Network’s complete disclaimer and disclosure.
Quadrant 4 Systems Corporation (Quadrant) (OTCQB: QFOR.OB ) today released its much awaited cloud enabled solution platform in the financial services market space for Cross-Asset Trade Processing.
Quadrant began upgrading its Capital Markets technology platform, QFIN, in June 2011 and has completed the full development that will provide a new, Cloud-based service for Banks, Fund and Asset Managers worldwide.
QFIN platform will provide advanced Bond and Loan Trading capabilities. The earlier versions of the system have been in use at over 50 top global financial firms. The platform was first designed to manage the Emerging Markets trading business, which developed into a cross-asset platform for debt securities, including bonds, loans and CDS trading. The product will be targeted to a wide market of Financial Institutions and Funds.
Dhru Desai, Chairman of the Board, said, “… QFIN is a strategic technology development by us that will enhance and expand our solutions portfolio in the financial services market. We are looking forward to leveraging our global development resources and delivery model to accelerate this program and launch our first cloud service. This cloud-hosted SaaS based offering will allow clients and their IT staff to focus on their core business without the overhead of application maintenance, backups and upgrades. It will also provide an affordable alternative to smaller clients.”
About Quadrant 4 Systems Corporation
Quadrant 4 Systems Corporation delivers end-to-end information technology solutions to its clients through a unique blend of consulting, software development & maintenance, cloud based products and technology from its global delivery centers. The company currently focuses on Financial Services, Health Care, Retail, Manufacturing and Telecommunication sectors with a broad spectrum of services and technology practices that include ERP, SCM, CRM, e-Commerce, m-Commerce, SFA, Microsoft, Java and Legacy platforms, BI/DW, testing, platform migration, web technologies and others. The company plans to enter the IT enabled and managed services sector and cloud based services through business acquisitions and/or combination opportunities in the near future to further execute its articulated business strategy.
TSW has been compensated fifty thousand (50,000) rule 144 restricted shares of quandrant4 Systems Corporation (QFOR) for advertising and marketing services.
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