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The World Cup now well under way should turn up the heat for legalizing online gambling in the United States. The games will draw the heaviest betting of any sporting events ever, analysts say. With all the interest worldwide, millions of fans are expected to sign up for online gaming accounts for the first time over the next month. And once users have their accounts, watch for them to wager billions over and over again. Who wins? Not companies in the United States, where online gambling is against the law.

Deutsche Bank on Aug. 1 will move its equity research headquarters to offices just off the Strip. Bill Lerner, who has succeeded Marc Falcone as head of the operation after eight years with the Prudential Equity Group, and Grant Govertsen will move here from New York to head the office. Lerner said the move is a first for any Wall Street investment bank. Somer Hollingsworth, president of the Nevada Development Authority, said a Wall Street office leaving the mecca of finance for Las Vegas is huge. It shows investors are focused on online casinos and gaming and Wall Street is keen on funding its expansion, especially here, he said.

June 25, 2006
Posted By Tom Jones
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