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December 24, 2004

Online casino bids for Wall Street bull

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Posted by Dominic Basulto

Online gambling site Casino Fortune is willing to pay $5 million to put its name on the Financial District's "Charging Bull" bronze sculpture. City officials have ultimate veto power, and all signs point to Bloomberg & Co. rejecting the sale: they are "uneasy about letting a gaming business put its logo beneath a statue whose image has been closely linked with capitalism and the stock market." Moreover, State Attorney General Eliot Spitzer has earned a reputation for "making life miserable" for online gambling sites. Whatever the outcome, Casino Fortune won't go quietly into the night: the company recently bid to acquire the NBA's Cleveland Cavaliers and is apparently looking for other high-profile ways to gain an aura of respectability for online gambling.

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