The issue of gambling
Gambling has first existed when ancients acquired more wealth than they ever need. Because they get anything possible with cash, they used their money to place bets and they invented gambling. Through the years, the practice of gambling spread like wildfire to middle and lower classes of the society due to entertainment, popularity and myths [...]
Learn MoreIPOs coming fast and furious
I’m not one for the Wall Street version of gambling, but even so I’m surprised I missed the IPO of the World Poker Tour (quote) last August. I’m sensing a beginning of a downtrend in poker, so I’m wondering if there is any value to the stock. However, they did beta-release their online poker website WPTonline.com a number of weeks ago. And we all know there are all kinds of suckers ready for an online game.
However, this month there’s an even bigger IPO – or expected to be bigger, anyway. PartyGaming expects to be the London Stock Exchange’s biggest new listing in four years. Notice that this is not a stock traded in the States.
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