Hurricane Katrina Damages Casinos

Casinos in Biloxi Mississippi were heavily damaged or destroyed by Hurricane Katrina. Webster Franklin, CEO of the Tunica, Miss., Convention and Visitors Bureau, said “It’s devastating. It’ll take months, if not years, to rebuild.” On Sunday August 28th, The Mississippi…

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Thu, September 1st, 2005

Related Gambling and Casino News:

Casino gambling information:

  • Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.
  • 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.
  • As early as 1420, lotteries were used in Europe for public works. High-value commodities such as land and art were often sold through lotteries.
  • Although the Greeks had a profound understanding of mathematics they had no concept of probability, and assumed that the outcome of games of chance was due to the will of the gods.