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...888.com Betandwin.com and Empire Online, and are mainly based in exotic, low-tax jurisdictions such as Gibraltar, Malta or Canada's Kahnawakee Mohawk Indian reservation. Says Richard Segal, an experienced British casino executive who joined PartyGaming as CEO last year and sold more than $15 million worth of stock in the June IPO: "It's like bees around the honeypot...
...costs is a plus, though, because it amounts to a formidable obstacle for new competitors. PartyPoker can afford the ante. In the first nine months of this year, the average daily "rake"--its cut of the amount bet--rose a third, to more than $2 million. Despite a summer stock swoon, market players are still betting that online poker isn't a short-term fad. One thing hasn't changed: you won't find Bhargava in a casino, online or real, anytime soon. "I can see myself playing poker off-line, but I can't find low-limit games," complains...
Just because you'll be paying a lot more for heating oil and electricity this winter doesn't mean you'll reap a windfall by investing in stocks of companies in those businesses. Most energy-related stocks have doubled over the past few years, fed by soaring oil prices. For them to move much higher, oil--which has been edging lower of late--would have to resume its upward trend. Which it may. Wall Street heavyweight Goldman Sachs raised the specter of oil at $100 per bbl. even before hurricanes Katrina and Rita disrupted supply lines and briefly pushed...
...under severe strain, with internal conflict in the rebel-controlled east and political killings blamed on the Tigers in the Sinhalese south. Rajapakse, 60, who says the peace process has been too soft on the Tigers, proposes ripping up the agreement and starting talks from scratch. Sri Lanka's stock market plunged 7% in a day on news of his victory...
...list for at least eight weeks.Google searches not only serve to dig up dirt on public figures; they verge on replacing libraries and phonebooks. Google rivals Gutenberg’s printing press as a contribution to communication and Google’s relevance, like its company’s stock price, is skyrocketing.Vise—along with researcher Mark Malseed—systematically traces the ascent of the Google Empire from its accidental inception on Stanford’s campus to its contemporary initiatives in genetic research. Through interviews, study, and a great many Google searches...