Casino Fortune is hitting on the basketball
9 January 2005
It seems that online casinos are not nearly satisfied of the virtual world conquer and are slowly proliferating onto the material world, by acquiring properties, land-based casinos and as the recent reports show sport teams as well.
One of the more senior online casinos, the Casino Fortune, operating since the mid-90s, has lately made an attempt to purchase the Cleveland Cavaliers with a single goal in mind, to enter the NBA. In order to acquire the NBA team, casino managers made an offer approximately around $375 million intended to eliminate the other potential buyers.
That, however, was not the first Casino Fortune initiation to place a hand on a major land based enterprise. In the last April, Casino Fortune made a deal with the Phoenix Suns that would have profited $380 million from this transaction. This deal could not be realized and thus remained on the sidewalk awaiting its doom. After the unsatisfying revenues yielded from the purchase of the money loosing Trump casino, Casino Fortune made an offer estimated in $400 million to the three ailing Atlantic City casinos. Now it seems to be the time for NBA team to become one of the Casino Fortune protégés. Most of the Casino Fortune players are US citizens which makes it worth while to invest in the American most crucial entertainment – i.e. NBA.
It is yet unclear how the bid will be determined but it sure looks like Casino Fortune is dead serious in its intentions to fight for the team with its teeth and claws.
Source: Online Casinos News Staff
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