Wall Street can't resist online gambling

Led by the likes of Goldman Sachs, Merrill Lynch, Morgan Stanley, JPMorgan and Fidelity, big-name financial firms have invested hundreds of millions of dollars in the shares of online casinos, even though the practice is considered illegal according to U.S. law. Most of these companies trade on the London Stock Exchange and are licensed in remote locations like Malta and Antigua that are more than friendly to Internet gambling. But, most of the users are Americans. There are fees to be made, however, and that apparently trumps the other concerns.

> Read the Investment Dealers' Digest article.
(For FierceFinance readers)

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