Online Casinos Considered Solid Wall Street Investment
When considering solid investments, oil companies, banks and property magnates seem to be the first kinds of institutions to be invested in. Online casinos would not automatically jump to mind to add to this list of potentially top investments. But as Wall Street goes, it depends who you ask. There seem to be many Wall Street investment houses that consider online casinos as a pretty solid investment, and are putting their money where their mouths are. Online casinos are being invested in, and not by the small players in the market.
Established investment houses Goldman Sachs, Merrill Lynch and Fidelity hold hundreds of millions dollars in shares of online casinos and gambling parlors. These online casinos are generally traded on the London Stock Exchange and mostly off-shored to places like Gibraltar and Costa Rica. Legal experts are undecided about whether American investment houses could be help legally liable for investing in these online casinos, offshore, and providing backing for arguably illegal institutions.
In essence, however, the law seems be ignored. The use of online casinos is huge amongst American citizens. Americans use the internet to play online blackjack, poker, slots and roulette. Investment houses seem to be taking the attitude that they are aware that there are potential legal risks involved but these are outweighed by the potential strong financial returns from investing in online casinos.