Record Winnings in Internet Gambling

Record Winnings in Internet Gambling

 

A 40-year-old punter has won a record £600,000 in two weeks through internet gambling.

According to The Sun, Stephen Johnson is convinced he hit a winning streak because he gave £1 to a homeless beggar.

Hours after handing over the cash, he racked up £120,000 on a web casino.

During the next fortnight he took the total to £600,000 with intensive sessions of blackjack and roulette. His amazing run makes him officially the luckiest player in online casino gambling history.

Now Stephen, a retail manager, from Oxfordshire, is in Spain to buy a house and a new sports car.

His luck run on the Ladbrokes site began with £120,000 winnings.

The next day he scooped £35,000 and 24 hours later he got another £45,000. He returned to win a further £165,000 and then landed several other large sums. On blackjack he was playing £2,000 a hand and on roulette he based his strategy around high numbers.

Gambling Stocks Outdo Themselves

The value of gaming stocks soared in November, outpacing the Standard & Poor’s 500 Index 3-to-1 and setting a string of records for the month and the year-to-date.

Driven by solid earnings and prospects for gaming proliferation, casino stocks continued to climb in November with the Applied Analysis Gaming Index of local gaming stocks up 10.4 points, or 5.4 percent, for the month, double its rate of increase in October.

 

Applied Analysis’ monthly weighted average of eight local stocks rose to 204.75 in November, up from 194.35 in October and 159.28 in November a year earlier.

Similarly, the Dow Jones casino index closed Friday at 355.85, up 8.25 for the month and nearly 50 percent year-to-date. That solidly beat the increase in the index every year since 1998, the first year for which comparable data were available.

Investors are betting the economic recovery will continue, which is boosting operator stocks, and that gaming proliferation will continue and pick up steam, accelerating the appreciation of manufacturers’ stocks, Deutsche Bank analyst Marc Falcone said.

In general, third-quarter earnings were bitcoin dice much more in line with expectations than the first half had been and the outlook for December and 2004 continue to be favorable, he said.

Reno-based International Game Technology continued to be a primary reason for the rapid appreciation in the index of local gaming stocks, Applied Analysis spokesman Brian Gordon said.

IGT closed the month at $34.69, or a monthly average price of $33.23, representing an increase of nearly 10 percent, he said.

“Exectations for gaming expansions in new jurisdictions and the current trend of converting casino floors to coinless machines continues to drive demand for the company’s equipment and their stock price,” Gordon said.