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Morgan Stanley slashes US iGaming market growth forecast

1st April 2015 7:47 am GMT

Financial services giant Morgan Stanley has cut its US online gaming market forecast by nearly a half, blaming the uncertain status of regulatory developments in new states with no new iGaming markets expected to open in 2015.

Having originally estimated that the US iGaming market would grow to $5bn by 2020, Morgan Stanley has cut the forecast to $2.7bn, based on the assumption that neither Pennsylvania nor California passes legislation this year.

In California, it says, [...]

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