If online gambling becomes legal, what are some profittable companies?

I havent dont any research at all and this will not happen for 3-5 imo. I am just curious as to what companies you guys know of or have already invested in that involved with online gaming....

I know encryption will be big for security, but what else? Will the vegas casinos have online books to get in on the action? Will there stock rise if the do? Will it fall if they dont?

Will the main sportsbook that are available now crush the market, or will new books located in the US get a lot of the offshore business?

Just curious what you guys think

CryptoLogic (CRYP - nasdaq) and GigaMedia (GIGM - nasdaq) would probably get a play IF the US went legal. CRYP makes the betting software while GIGM already has online sports betting ops in Asia.

both are currently around $1.40 a share

Harry Ried is pushing for a 3-5 year exclusivity for Vegas casinos when it goes legal

privately held Cantor Gaming would definately be a player. they are the most inovative of the Las Vegas sportsbook players (although I am STILL waiting for the Nevada gaming control board to approve their online service which Stations has had for YEARS)

the nitwit AZ  sen. jon k. who blocked passage is leaving 2012-then buy

Any word on when this is supposed to happen? Im sick of using Stations online service.

I went past the M wed mar 23rd. STILL nothing from Cantor on their "online" operation. they say they are waiting for Nevada Gaming to approve. I don't believe them. been TO long. think they decided NOT to do it for some reason.

Only online poker is getting potential passage.

No sportsbooks.  Title 18 of the Fed Wire Act specifically spells out sporting events.

The text of the law also talks about games of chance - that's the whole argument behind legalizing online poker because it's a game of skill (in some people's eyes).

Sportsbetting online is permanently done in this country in our lifetime.  Move overseas if you bet more than $10K a day.

Not sure. There is such a demand and so much money to be made it would be hard for the US to not somehow make it legal. They have the lottery which brings in millions in revenue and poker would be pretty much the same thing, with the govt getting the rake. I'm sure this has been worked on since 2002/2003 when the poker boom hit..getting all their ducks in a row and waiting to take down the site for fraud....waaaay too much money for the greedy feds to not be getting their paws in the cookie jar....