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Morgan Stanley owns
BetonSports
The list of owners of major online casinos and poker
rooms reads like a Who's Who of the top investment
firms. According to public filings, tens of millions
of shares of SportingBet are owned by Fidelity,
Merrill Lynch and Goldman Sachs. Fidelity Management
holds the most shares of SportingBet with $363
million in stock, or 14.1 percent of all available
stock. Merrill Lynch is next with a $164 million
stake in the company, while Goldman Sachs has $137
million invested.
Goldman Sachs and Morgan Stanley Securities hold
large investments in BetOnSports, another major
online player. Morgan Stanley owns the biggest
stake, worth $25.6 million, but the company claims
that the investment is on behalf of one major
investor who it refused to disclose.
....Chartwell in
the dog box: Online-Casinos.com reports that many
online gaming portals are advising their readers to
stay away from Chartwell Technologies.
It has been common knowledge in the online casino
gambling industry for some time that turnkey
gambling software provider Chartwell Technology
(based in Calgary, Canada with sales offices in
London, England and big ambitions in Europe) has a
conscious "hands off" policy when it comes to any
dispute between online casino players and its online
casino licensees.
The management has itself outlined this policy in
both personal discussions and in writing as:
"Unlike many other software suppliers Chartwell
Technology is strictly a software development
company and only license the use our products for a
variety of online applications. We do not
participate in any aspect of the daily operations of
our customers business, which includes hosting,
customer support, database and money management."
That may have washed in the early days, but online
casino players expect more responsibility and help
today.
After a number of complaints in recent weeks,
several online casino portals has cautioned its
members about the dangers implicit in such a policy.
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