Investing in online casinos?

Reply #3

Rip Snorter — Thu, 22 Jun 2006 11:52:47 GMT

The business called gambling takes a lot of money out of the economy that would otherwise probably find itself circulating in other forms of commerce.

If if the businessmen aren't Native Americans or bureaucrats there's not an easy route into the business called gambling to allow them to ride the cash cow.

When they find a way to ride it there's hope the disfavor will be soothed.

Jack

Reply #2

BobP — Thu, 22 Jun 2006 04:44:49 GMT

Funny, usually the gamblers known as business men look with extreme disfavor on the business known as gambling. BobP

Reply #1

Rip Snorter — Thu, 22 Jun 2006 01:55:24 GMT

CalifDude:

Interesting. Thanks for sharing it.

I suppose those folks having their money invested there might well be a major factor it whether it is, continues to be, or becomes illegal.

On the other hand, if making it illegal made it so's they could make more money at it (as with marijuana), there's be lots more common folks behind bars for playing online casinos, but the folks who owned them wouldn't feel a thing, most likely.

Jack

Investing in online casinos?

CalifDude — Wed, 21 Jun 2006 15:37:07 GMT

It's hard to imagine Goldman Sachs or Merrill Lynch investing in a

company that grows marijuana or scalps concert tickets. Yet the two

firms, along with such houses as Morgan Stanley, J.P. Morgan and

Fidelity, have invested hundreds of millions of dollars in shares of

online casinos, even though those companies may be breaking U.S. laws

.

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