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Betting on Online Gambling Is Truly Gambling

By Matt Thalman – May 4, 2013 at 12:00PM

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With online gambling now legal and live in Nevada, investors need to consider a few things before running to the table.

In the following video, Fool contributor Matt Thalman discusses a few different reasons he believes investors should stay away from the casino and online gambling operators until online gambling revenues are proven over the next few quarters.

One front-runner in the online poker scene is Zynga (ZNGA), a company that Matt believes would be better off in the long run if it made one strategic move.

To find out what that is, and for a few reasons investors should stay on the sidelines, click on the video.

Fool contributor Matt Thalman owns shares of MGM Resorts International and Las Vegas Sands. The Motley Fool has no position in any of the stocks mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Zynga Stock Quote
Zynga
ZNGA
Wynn Resorts Stock Quote
Wynn Resorts
WYNN
$84.35 (0.83%) $0.69
Mgm Resorts International Stock Quote
Mgm Resorts International
MGM
$37.20 (0.91%) $0.34
Las Vegas Sands Stock Quote
Las Vegas Sands
LVS
$46.78 (-0.12%) $0.06

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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