CPH odds-on for Russia casino coup

JAMES Packer’s private company Consolidated Press Holdings is expected to become the first foreign group to run a casino in Russia.

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Sun, April 30th, 2006

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Casino gambling facts:

  • Lotteries were brought to America in the 1800s by the thousands of Chinese immigrants who worked in the mines and on the railroads.
  • Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
  • Charles Fey invented the first slot machine way back in 1895. He went on to perfect his initial innovation in 1907, when he teamed with Mills Novelty Company who manufactured the "Mills Liberty Bell".
  • The MGM Grand, situated on the a Las Vegas strip has come up with a brand new slogan to promote the casino, "Think of all the New Year's resolutions you'll break." Some say it might even rival the famous Las Vegas catchphrase, "What happens here, stays here."