TITLE

Tacking a Gamble

AUTHOR(S)
Chesler, Caren
PUB. DATE
June 2006
SOURCE
Investment Dealers' Digest;6/12/2006, Vol. 72 Issue 23, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that investment companies such as Merrill Lynch Asset Management, Goldman Sachs Group and Fidelity Management have invested in shares of companies running online casinos. These companies are taking risks because online gambling in the U.S. is illegal. However, the Internet gaming industry is growing at a fast rate is therefore a lucrative source of investment banking and underwriting fees.
ACCESSION #
21258645

 

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