BetFair acquires license in Malta

Top betting exchange Betfair.com has added some weight to its comments last week that too large a future tax burden could persuade it to operate outside the British Isles. The company has just acquired a license to operate from Malta.

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Mon, May 16th, 2005

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Casino gambling information:

  • French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
  • 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
  • The current wave of legal lotteries started in New Hampshire, spread to other North-Eastern states, and then across the nation.
  • The Gold Rush brought a huge increase in the amount and types of gambling to California. San Francisco replaced New Orleans as the center for gambling in the United States.