Aztar Gets Sweetened Bid From Ameristar

Casino operator Aztar Corp. on Tuesday called a buyout offer of $1.7 billion in cash from Ameristar Casinos Inc. superior to a bid from Pinnacle Entertainment Inc., and gave Pinnacle until Friday to respond.

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Tue, April 25th, 2006

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Interesting gambling information:

  • People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
  • 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.
  • In 1911 US legislation prohibited stud poker but ruled that draw poker was a game of skill and therefore was not illegal.
  • In 1891, Sittman and Pitt of Brooklyn began to manufacture the first nationally known poker card machines. The machines maintained their enormous popularity until just before World War I.