The Nevada Gaming Control Board today published its results of a two year investigation into the going on behind the scences in some of "The Strips" biggest casinos. Unknown to the majority of the vistors to Las Vegas's biggest gaming venues, the casinos have been found to be recklessly engaging in Investment Banking activity including the underwriting of new share issues, investing private capital and even facilitating mergers and acquistions. The Chief Investigation Officer of the Gaming Control Board, Mr Vicente Cablez said in a Statement that clearly the Casino's were showing a complete disregard for the effects of their behaviour on the wider economy and led calls for their investment bank ventures to be hived off from their day to day gambling activities. Giving some examples of where the casino's are guilty of over stepping the mark, Mr Cablez stated that casinos had been found offering long term investments in US Treasury securties to pension funds, advising Apple Inc in a funding capacity for their growth plans, and one major player was found to of acted on Kraft's behalf in the recent takeover of Cadbury.
Las Vegas Casinos are simply fronts for investment banks
(2 posts) (2 voices)
Nice one. I will invest some stars.
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