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Web Casinos Becoming A Riskier Bet For Investors21 Aug 2006 at 12:00am |
How much more of a gamble has it become to own a piece of an Internet casino? Is it a sucker's bet, or the chance to buy low and score a big payday? The questions have intensified since BetOnSports, an online sports betting company traded on the London Stock Exchange, stopped taking bets from the United States after the Justice Department charged...
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...
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