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Online Casino Turns Property Investor

Monkey Bet purchases land to develop online casino establishment

Tuesday 30th May 2006

The residents of a string of Las Vegas condos may well be unaware of their newest neighbour, but it appears that they soon will. Monkey Bet, an online sports book, casino and poker room, has recently completed negotiations to purchase land in the area and has set a tentative 2008 opening for a live online casino gambling establishment on the site.

However, the sale has proved controversial as over 250 condo units, known as Chalet Vegas, presently occupy the adjacent space where the online casinos gambling firm intends to build. The proposals have been met with stiff opposition by Chalet Vegas’ management, who state that Monkey Bet will need to negotiate purchase agreements with the individual condo owners to lawfully obtain the land.

Chalet Vegas staff were especially concerned to learn that the online casino, which owns two casinos in Blackpool and buildings in New York, had previously stated its intention to build Nevada's largest gambling hall on the land. However Nevada Gaming Control Board member Mark Clayton has hastened to offer reassurance to residents, saying that the Board is unaware of any of Monkey Bet's plans. He also indicated that the issue of online casino gambling firms affiliating with Nevada firms would be an unsuitable association.

Source: OnlineCasinoNews

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