Posts Tagged ‘Moody’s’

Credit Risk?

by , Apr 28, 2011 | 6:57 pm

You may or may not have seen the report Barclay’s put out assessing the impact of American DOJ actions vs. Online Poker on the European online gambling sector. Now Moody’s, the venerable global credit rater, has put out their own assessment of how the shutdown of Full Tilt and PokerStars in the US affects high finance and various state economies.

At least I think that’s what they’re saying … but a few things that stood out to me had more to do with what this report reveals about the perception of poker, both as a game and a needle-moving industry, including:

  • “Online gambling is no real threat to U.S. land-based casinos.”

So it’s official now. The rest of the world gets what poker people knew in 2006.