Consumer Credit: Gambling a risk to family, finances
About 85 percent of American adults have gambled at least once in their lives, and of that, 60 percent have gambled in the past year. For most people, it is an occasional activity that never results in serious problems.
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Casino gambling facts:
- The most popular form of charitable gambling is bingo. In California, bingo is the only charitable game that is legal.
- In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).
- By the 18th and 19th centuries a dice game called Hazard had become popular in England and was played by the aristocracy in private gambling houses.
- 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.
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