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    U.S. Internet Gaming and Betting Changes (CRYP, GME, ELRA, CHDN, PENN)

    Posted on January 2, 2012

    Revising a Free Market Policy Could Generate New Tax Revenues…

    ELRAThis 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.

    Elray Gaming (ELRA)

    Posted on December 27, 2011

    ELRA ChartElray Resources OTCQB: ELRA

    Current Price: .0139

    Elray gaming was formed in 2011 when a group of well established and successful Online Casino marketing specialists identified an opportunity: the market need for legally compliant, professional and qualified consultants to effectively manage, market and operate Online Casinos, Financial Products, Bingo Rooms, Social and Fantasy Games.

    Research ELRA
    www.elraygaming.com

    ELRA gaming operations are based in Sydney, Australia. The company is managed by its online gaming founder, Brian Goodman, and gaming operations are carried out by a multi-lingual team of gaming professionals.

    ELRA has offices in the USA, London, South Africa and Mauritius and has support facilities in Israel, Curacao and the Philippines.

    ELRA is a developer of turnkey gaming products, and is currently developing a host of social networking and mobile applications for the investor community.

    ELRA is in the process of launching a Joint Venture product with one of the world’s largest global financial service providers and will provide a financial trading platform offering real money financial service trading facilities (non USA) as well as a Fantasy Trading / Social Networking products in Stock, Options and currency markets.

    ELRA will offer both web and mobile-based FOREX trading platforms to take advantage of the increased interest in currency trading from around the world. The Company will look to develop these platforms to comply with both local and international regulations.

    ELRA will launch a suite of products aimed at capitalizing on the rapidly growing Social Network and Fantasy Markets. All products will be accessible via the web as well as smart phones, and will allow a network of active investor community. These products will provide Elray Gaming an additional growth component in its online gaming portfolio, and develop an active network of customers interested in the financial markets.

    ELRA currently manages a comprehensive range of online gambling products including branded Online Casino’s and a Bingo room. Internet casinos and Bingo rooms are online versions of the traditional land-based casinos. Online casinos allow gamblers to play and wager on traditional casino games as well as play Bingo via the Internet.

    According to Global Betting and Gaming Consultants (“GBGC”), the global gaming market, excluding the U.S., is expected to grow to approximately $13.9 billion per year by 2012.

    Internet gambling revenues for offshore companies was estimated to be $5.9 billion in 2008 from players in the United States and $21.0 billion from players worldwide, according to H2 Gambling Capital.

    The Unlawful Internet Gambling Enforcement Act of 2006 (“UIGEA”) became U.S. law in late 2006 and effectively curtailed legal participation by U.S. players in online gambling.

    As a result of the passing of the UIGEA, many online gaming companies had to shift their business models to prevent U.S. player participation. Complying with online gambling law requires sophisticated Internet and financial compliance techniques and many companies were unwilling or unable to comply.

    A number of companies have been unable to overcome the technical and financial challenges caused by the passing of the UIGEA with the result that they have been unable to replace lost revenues to the extent necessary to be viable operators.

    As a result, opportunities exist for acquisitions and joint ventures by the compaies such as ELRAY GAMING that are scalable and set to comply with U.S. online gaming laws.

    For smaller operators, the passing of the UIGEA effectively curtailed many operations as they were unable to make the transition to an off-shore dominated clientele. Elray Gaming believes that this has created opportunities for growth by acquisition and joint ventures.

    The activity of these sites could easily be absorbed into the operations of ELRAY GAMING without a significant proportional increase in costs. Additionally opportunities exist in acquiring operators currently using ELRA for management of their gaming operations.

    ELRA Managed Brands

    ELRA

    Based on our research and the company’s recent increase in revenue projections, The Stock Wizards believes ELRA could be a dominating force in the Online Casino space and we encourage our subscribers to keep ELRA on their radar! Read the rest of this entry »

    Cedar Realty Trust Breaks Above 200-Day Moving Average

    Posted on December 21, 2011

    CDRForbes: In trading on Tuesday, shares of Cedar Realty Trust, Inc. (NYSE: CDR) crossed above their 200 day moving average of $4.49, changing hands as high as $4.71 per share. Cedar Realty Trust, Inc. shares are currently trading up about 14.7% on the day. The chart below shows the one year performance of CDR shares, versus its 200 day moving average:

    Cedar Realty Trust, Inc. 200 Day Moving Average Chart

    Looking at the chart above, CDR’s low point in its 52 week range is $2.65 per share, with $6.59 as the 52 week high point — that compares with a last trade of $4.54.

    CDR operates in the REITs sector, among companies like CommonWealth REIT (NYSE: CWH) which is up about 1.3% today, and DuPont Fabros Technology Inc (NYSE: DFT) trading up by about 3.2%. Below is a three month price history chart comparing the stock performance of CDR, versus CWH and DFT.