Cash bingo not for kids

It’s hard to know whether $10 is a lot of money these days for the average 10-year-old to shell out for something. Maybe $10 is not a steep price if the purchase gives the kid a chance to win a pile of cash by gambling.

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Wed, December 7th, 2005

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Casino gambling facts:

  • A nationwide survey by the U.S. Travel Industry Association found that 38% of all U.S. residents have been to Las Vegas in their lifetime. The average length of visitors' stay in Las Vegas was almost 4 days (3.7).
  • 1946: Two famous landmarks open: Bugsy Siegel's Flamingo, and the Golden Nugget. Nevada levies its first gaming tax.
    1949: Benny Binion sets up a high-stakes poker game at his Horseshoe casino between Nick "The Greek" Dandalos and Johnny Moss. It turns into an epic five-month poker match, laying the foundations for the World Series of Poker.
  • In 1857, Prince Charles III of Monaco decided to introduce gambling to his Mediterranean principality to boost its finances.
  • 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.