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:
- The current wave of legal lotteries started in New Hampshire, spread to other North-Eastern states, and then across the nation.
- 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
- French mathematician Blaise Pascale is often credited with inventing the roulette wheel as a result of his experiments with perpetual motion machines.
- 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.
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