Excerpt from Institutional Investor...Proud to say that I made this observation months ago...read the whole article.....No doubt fodder for George W. and wannabe's like E. Spitzer to distract everyone from real problems in society.
Led by the likes of Goldman Sachs, Merrill Lynch, Morgan Stanley, JPMorgan and Fidelity, big-name financial firms have invested hundreds of millions of dollars in the shares of online casinos, even though the practice is considered illegal according to U.S. law. Most of these companies trade on the London Stock Exchange and are licensed in remote locations like Malta and Antigua that are more than friendly to Internet gambling. But, most of the users are Americans. There are fees to be made, however, and that apparently trumps the other concerns.
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