Gambling: Give Yourself a Hand

After investing millions of research dollars into developing a wireless hand-held device for bond and securities traders, executives from Cantor Fitzgerald LP, a New York-based financial services company, realized the technology could be applied to other businesses.

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Mon, November 28th, 2005

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Interesting gambling information:

  • In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
  • The El Rancho Casino & Hotel in Las Vegas was known for a few firsts. It was the first casino/resort on the Strip opening in 1941 with 63 guestrooms. It was also the first to offer a buffet. The cost of the buffet was only $1.00! The El Rancho burned down in 1960 and fortunately no one was hurt.
  • Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.
  • Lotteries Have Been Prominent Throughout History. Ancient India, China, Greece, and Japan all had lotteries. The emperor Nero had lotteries for prizes at parties.