It says the sector benefits on clearer legal issues
Deutsche Bank upgrades British gambling stocks
2009-11-17
Reading time 12 seg
Deutsche Bank also initiated coverage on 888 Holdings and Sportingbet, both at buy, with a 129p target on 888 and 84p target on Sportingbet.
It says the sector benefits on clearer legal issues regarding tax and regulation of online gaming, the convergence of online operating models and increased merger and acquisition catalysts.
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