Gambling on TV poker stock is not a sure bet
Jul 31, 2005: STUPID INVESTMENT OF THE WEEK: WPT ENTERPRISES
Related Gambling News:
- Is buying shares like gambling?
- Ameristar Casinos stock down on initiation
- Ameristar Casinos Reports Stock Repurchase Program
- Ameristar Casinos Announces Stock Repurchase Program
- The World Poker Store Announces a Four for One Forward Stock Split
- Parlay Entertainment Announces Grants of Stock Options
- Party Gaming - Stock rose 6.5 percent Thursday
- Lakes Entertainment Applies to NASDAQ to Be Relisted
- Station Casinos Enters into Accelerated Stock Buyback Program
- NASDAQ looks to delist Isle of Capri Casino stock
- U.K. stock market shows resilience to gambling stock plunge
- Valeche owned gambling stock, despite attacks on rival’s dog-track ties
Gambling casinos history:
- Gambling is Often Legalized to Promote Economic Development of Depressed Areas. That was an important motivation in Las Vegas, Atlantic City, New Jersey, and many of the other locales for casinos.
- The introduction of the single zero wheel (with better odds for the player) resulted in the demise of the double zero wheels in Europe and has become known as the "French Wheel" in roulette history.
- During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
- At land-based casinos, both the player and the boxman need to be on the lookout for crooked dice in the game of craps. Each number when added together with the number on the side opposite it, will add up to 7. For example, 6 is opposite to 1. When the dice are crooked, they do not add up to 7.
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