Giles Hargreave has been boosting his stakes in online gaming companies, to capitalise on a relaxation of legal restrictions on internet gambling in the United States.
Last month a landmark ruling legalised online poker and casino games in New Jersey, opening the floodgates for other states to follow suit and relax their own rules. Hargreave (pictured), manager of the top-performing £588m Marlborough Special Situations fund, has been adding exposure to positions in 888 Holdings, Bwin.party Digital Entertainment and Sportech, to take advantage of a potentially lucrative market opening up for online gaming companies. He said firms such as Sportech are well positioned to benefit from the rule changes, given the firm has procured an exclusive licence to...
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