Cantor Fitzgerald announced additional inroads into the Las Vegas Sports Book market. Do I care. Not personally. But with Obama and the O boys beating up Wall Street every chance they get the Las Vegas optics will be politically difficult. Deep Obama loyalists will only see a straight line connect the big dots between Wall Street and Las Vegas. End of analysis.
Cantor is not a publicly traded stock. It touts itself as one of the few remaining partnerships on Wall Street. It is one of the few Primary Dealers of US Debt. Because it is private it does not have to worry about PR like say a Goldman Sachs (NYSE:GS). But it would have been wiser to brand it a little differently and avoid the political problems that are coming it’s way.
Disclosure: George Gutowski writes from a caveat emptor perspective. I do like to put a little money down on a game now and then. I do not have any positions in stocks mentioned in this post. I have no plans to initiate new positions within the next 72 hours.
- DealBook: Cantor Makes Another Big Bet in Vegas (dealbook.nytimes.com)
- Las Vegas sports book is saved. NFL goes back to work. #NFL (financialskeptic.wordpress.com)