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Banks Take the Direct Approach to Gambling

Started by needsadvice
almost 15 years ago
Posts: 607
Member since: Jul 2010
Discussion about
"While big banks bristle at comparisons to casinos, big banks — by choice and by circumstance — have become a force in Las Vegas and other gambling hot spots. Goldman Sachs acquired the Stratosphere in 2008 for roughly $1 billion. The bond powerhouse Cantor Fitzgerald runs the sports books at the Tropicana and other locales. Until recently, Credit Suisse owned a stake in the Hard Rock Hotel and Casino." http://dealbook.nytimes.com/2011/04/18/deutsche-banks-4-billion-las-vegas-bet-3/
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