Detroit City Council to review $42.5M plan to aid small-business development; money comes from casinos
The Detroit City Council will soon review for approval a plan to spend $42.5 million to aid Detroit-based and Detroit-headquartered small businesses, Mayor Kwame Kilpatrick announced Monday.
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Casino gambling facts:
- 1905: The town of Las Vegas is founded when the San Pedro, Los Angeles and Salt Lake Railroad Company holds a land auction at the site on May 15.
1912: The Majestic - Las Vegas's very first theater - opens, featuring the best vaudeville acts and motion pictures of the time. - Gambling became legalized in Vegas in 1931 by Mayme V. Stocker and J.H. Morgan who was issued Clark County Gaming License No. 1.
- The most popular forms of illegal games are "numbers", which is essentially a lottery, and betting with bookies, typically sports betting.
- Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
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