Local CEO feeling lucky

Gaming industry experts say that Bill Yung is paying too much to acquire Aztar Corp., the publicly traded parent company of the Tropicana casinos in Las Vegas and Atlantic City.

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Mon, June 5th, 2006

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Casino gambling information:

  • Lotteries, along with their close derivative bingo, are the most popular kinds of gambling. The popularity of lottery games is not limited to state-run lotteries. Indian tribes run lotteries and illegal lotteries still exist.
  • Nevada is the oldest and largest legalized gaming center in the United States. Gaming was legalized in Nevada in 1931 in the middle of the Great Depression as a form of economic stimulant.
  • In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
  • In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).