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Investing in online casinos?

Topic closed. 3 replies. Last post 11 years ago by Rip Snorter.

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Poway CA (San Diego County)
United States
Member #3489
January 25, 2004
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Posted: June 21, 2006, 11:37 am - IP Logged
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
.

Go to Article from Investment Dealers' Digest
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    New Mexico
    United States
    Member #12305
    March 10, 2005
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    Posted: June 21, 2006, 9:55 pm - IP Logged

    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

    Absorb the good, ignore the bad, weigh the ugly.

    It's about number behavior.

    Egos don't count.

     

    Dedicated to the memory of Big Loooser

     

      BobP's avatar - bobp avatar.png
      Dump Water Florida
      United States
      Member #380
      June 5, 2002
      3113 Posts
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      Posted: June 22, 2006, 12:44 am - IP Logged

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

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        New Mexico
        United States
        Member #12305
        March 10, 2005
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        Posted: June 22, 2006, 7:52 am - IP Logged

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

        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

        Absorb the good, ignore the bad, weigh the ugly.

        It's about number behavior.

        Egos don't count.

         

        Dedicated to the memory of Big Loooser