Why is private equity shying away from egaming?

Private_EquityThe following article claims that private companies are not investing in egaming due to the uncertainty surrounding the legality of the industry in the US.

Fact is, EGR is deluding itself if it thinks the technology companies are somehow operating in less grey areas than the operators.

Every technology provider in the industry, including all the public ones are incestuously related to captive operators that operate in grey markets. Usually in the case of the public companies it’s the majority shareholders who set up grey market operators that are beneficially owned by them through nominee shareholders.

Everyone is operating in exactly the same environment. Private equity is already in this space, they just aren’t there officially. Who do you think owns all the shares in those extremely cash rich private companies that operate in this space? Read more.