Shares rose on New Jersey online gambling news

1 March 2013

NEW JERSEY -- Shares rose in Atlantic City casinos following this week's news of the legalization of online gambling in the state, Reuters reported.

Caesars Entertainment saw shares rise 6 percent before settling down to a 2 percent rise, the report said.

Boyd Gaming shares rose 4 percent, the Reuters report said.

Analysts estimated the impact of the new legislation on the companies revenue may not be evident for 18- 24 months, the report made note.

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Shares rose on New Jersey online gambling news is republished from Online.CasinoCity.com.

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