1002 GMT [Dow Jones] Collins Stewart initiates coverage of online gaming stocks. Says despite periodic regulatory shocks, online gaming markets have continued to deliver strong growth, increasing their share of the global gaming market. Projects double-digit market growth over the next three years in global online gambling. "Overall, we believe that online gaming is a significant medium-term growth opportunity, overlaid with short-term risk - but for most, the risk appears to be priced in." Starts Playtech (PTEC.LN) and Sportingbet (SBP.LN) at buy with 552p and 71p price targets, respectively. Also initiates coverage of PartyGaming (PRTY.LN) at buy, with 265p price target. Starts 888 Holdings (888.LN) at sell, with 41p price target. (michele.maatouk@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 26, 2010 06:02 ET (10:02 GMT)