| Posted by: GrandMaster at January 15, 2006, 5:20 am | | Topic: Morgan Stanley owns BetonSports Forum: Winner Online |
There is a big difference, on the whole you expect to win on the stock market and lose at the casino.
It is indeed interesting that the US government has prohibited the use of US issued credit cards for gambling, and there are further attempts to stop all financial transactions related to online gambling, at the same time investment in online gambling compamies, whose business is considered illegal by the US government, is not a problem.
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| Posted by: ian_go at January 13, 2006, 10:16 am | | Topic: Morgan Stanley owns BetonSports Forum: Winner Online |
citywire.co.uk
The list of owners of major online casinos and poker rooms reads like a Who's Who of the top investment firms. According to public filings, tens of millions of shares of SportingBet are owned by Fidelity, Merrill Lynch and Goldman Sachs. Fidelity Management holds the most shares of SportingBet with $363 million in stock, or 14.1 percent of all available stock. Merrill Lynch is next with a $164 million stake in the company, while Goldman Sachs has $137 million invested.
Goldman Sachs and Morgan Stanley Securities hold large investments in BetOnSports, another major online player. Morgan Stanley owns the biggest stake, worth $25.6 million, but the company claims that the investment is on behalf of one major investor who it refused to disclose.
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