Sportingbet CEO: US Should Tax Online Gaming

Online gaming is licenced and taxed in 63 countries worldwide and the United States should be taking advantage of this $10 Billion market, said Nigel Payne, Chief Executive of Sportingbet PLC, in an interview to be broadcast Sunday November 20th on C

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Sat, November 19th, 2005

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Gambling history facts:

  • Bingo as we know it today is a form of lottery and is a direct descendant of Lo Giuoco del Lotto d'Italia - the Italian National Lottery organized in 1530.
  • 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.
  • Up to the 1960s, Nevada was plagued by teamster financing, hidden ownership, employment of individuals of questionable character and background, and the clear links to organized crime.
  • The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.