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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (347970)	8/22/2007 4:49:12 PM
From: bentway	Read Replies (1) \| Respond to of 1573921

"Gambling is illegal in all of the UAE. It's illegal in every "Muslim country", as far as I know." You KNOW those UAE sheiks will lose that "principle" as soon as they need the revenue..

To: Elroy who wrote (347970)	8/23/2007 5:15:33 PM
From: tejek	Read Replies (1) \| Respond to of 1573921

Gambling is illegal in all of the UAE. It's illegal in every "Muslim country", as far as I know. So then, if Dubai makes gambling legal, then it will be big news. It seems capitalism might be the undoing of Islam. They say the buyer is "a gov't owned holding company"? Neither gov't nor private? What does that mean.....do you know? It's an investment fund owned by the government of Dubai, and it invests in stuff around the world. The oil rich Gulf nations all have huge government funds that invest the petro dollars in various instruments all over the planet. China parks it's budget surplus in US treasuries, the Gulf countries put some of their surplus into stocks/properties/hedge funds, etc. To make a single $5 billion investment in a casino suggests that fund is very big.