Wall Street bets on Web gambling
December 25th, 2005
2006 is starting to look like it may be the year where Internet Gambling and the United States Government may go to battle.
From the NY Times (via CNET):
Internet casinos are outlaw operations in the eyes of the federal government, but they look like solid investments to many of Wall Street’s largest firms.
Blue-chip investment houses like Goldman Sachs, Merrill Lynch and Fidelity now hold hundreds of millions of dollars in shares of online casinos and betting parlors, which are publicly traded on the London Stock Exchange and headquartered in places like Costa Rica or Gibraltar.
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