PowerTalk — Online Gaming with Ultimate Gaming Chairman Tom Breitling

Chris Versace

Chris Versace is a financial columnist and equity analyst with more than 20 years of experience in the investment industry.

Thanks for joining me for another edition of PowerTalk. I’m your host Chris Versace, editor of the investment newsletter PowerTrend Profits. Joining me today to take you behind the scenes and in the know is Tom Breitling, the co-founder and chairman of Ultimate Gaming.

Advertisement.

As you may have noticed during the last few years, gambling has grown from a focus on Las Vegas, Nevada, and Atlantic City, N.J., to a number of other places — Maryland, West Virginia, Connecticut and Pennsylvania to name a few.

At the same time, technology has had a tremendous impact on our lives and has resulted in the increasing shift toward what I call an Always On, Always Connected Society. That is one of my Great 8 PowerTrends that subscribers to my investment newsletter, PowerTrend Profits, not only know all about, but are profiting from as we speak. That PowerTrend has battered certain industries such as newspapers. Hard hit has been The New York Times (NYT), which has lost classifieds, coupons and want ads that can be viewed instead on Monster.com, Groupon (GRPN) or Valpak.com, among others. We communicate less through postal mail and increasingly through email, as well as other social media sites like Facebook (FB), Google’s (GOOG) Google + and more.

Although it has had its issues, gambling has not been immune to this transformation. While Congress banned online gaming in the United States in 2006, that prohibition changed recently as tax-hungry states like Nevada, New Jersey and Delaware relaxed the rules. Flash forward to this past April, UltimatePoker.com went live, becoming the first legal, real-money poker site in the United States. Since then, Caesars Entertainment Group announced it plans to go live this summer with an online poker site in Nevada.

Advertisement.

With more than 10 other states looking at online gaming, whether for poker or for “full-blown casino gaming” that was approved in New Jersey, we wanted to get the skinny on the return of online gaming. That’s why I was very excited to talk with Tom. If anyone should know about the intersection of the Internet and gaming, it’s Tom Breitling, given his leadership at Travelscape.com and the Golden Nugget. In case you missed it, he sold both companies and made a ton of money.

How big can online gaming get? Morgan Stanley predicts U.S. online gambling will produce over $9 billion in revenue by the year 2020. That $9-billion figure is the same revenue generated by Las Vegas and Atlantic City markets combined.

As you’ll hear from Tom, this new path for online gaming can help spur not only jobs and taxes, but a number of technologies that make online gaming secure. Tom also shares an interesting perspective on the legislative environment and what it means for business. Trust me; you won’t want to miss it.

Listen now:

Advertisement.

Special introductory offer: Right now you can try Chris Versace’s PowerTrend Profits risk-free for only $99.95! Find out how, here.

Access prior PowerTalk interviews here:

Unveiling the Future of Coupons with Michael Vivio, president of Cox Target Media

Immigration and Immigration Reform with former Secretary of Commerce Carlos Gutierrez

Steve Forbes Focuses on the Economy, Taxes, Health Care and Obama

Advertisement.

Susan Crawford, Author of “Captive Audience: The Telecom Industry and Monopoly Power in the New Gilded Age”

Paul Musselman, CEO of Carnegie Speech

Jim Nolan, EVP of InterDigital (IDCC)

Manish Chandra, Founder and CEO of Poshmark

Michael D. Brown, Customer Experience Expert

Debra Kaye, Partner at Lucule Consulting

Advertisement.

Beth Solomon, President and CEO of NADCO

Bob Keheller Founder of The Employee Engagement Group

Stephen Moore of the Wall Street Journal

Currency Expert Bernard Lietaer

CEO of Accellion Yorgen Edholm

Founder and former CEO of Staples Tom Stemberg

Bestselling author Daniel Pink

dwinQ’s Patrick Sweeney

Cuttone & Company’s Keith Bliss

Visa’s Jason Alderman

GM’s Greg Martin

Consumer Electronic Association CEO Gary Shapiro

Smith & Wesson CEO James Debney

Mobile Payment expert Matt Jacobson

 

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
share on:

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader
LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader
LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener
LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program
LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader
LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor
LEARN MORE HERE

George Gilder

George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives.  He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.

Product Details

  • Technology Report
  • Technology Report PRO
  • Moonshots
  • Private Reserve
  • Millionaire Circle
LEARN MORE HERE

DayTradeSPY

DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it... Nothing else.

Product Details

  • Trading Room
  • Pick of the Day
  • Inner Circle
  • Online Workshops
LEARN MORE HERE