Station Casinos first-quarter profit edges up
Neighborhood casino operator Station Casinos says its first-quarter profit rose a mere 1% as higher costs offset revenue gains. Net income came in at $41 million, or $0.62 a share.
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Interesting gambling information:
- U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
- Legal gambling activities include state lotteries; parimutuel betting on horses, greyhounds, and jai-alai; sports book-making; card games; keno; bingo; slot machines; progressive slot machines; video poker machines; video keno machines; video blackjack machines; and video roulette machines.
- One of the oldest casinos in Europe, at Baden Baden in Germany, was opened in 1748 by Edouard Benazet, who employed Parisian craftsmen to design the stylish rooms.
- Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.