Wall St. Bets on Gambling on the Web
Matt Richtel writes in The New York Times:
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.
posted by Fergie @ 12/25/2005 10:19:00 AM
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