International Game Technology: Better Odds

This slot-machine maker has plenty of places to look for growth.

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Tue, August 1st, 2006

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Casino gambling facts:

  • The Gold Rush brought a huge increase in the amount and types of gambling to California. San Francisco replaced New Orleans as the center for gambling in the United States.
  • French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
  • In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
  • Playing cards are believed to have been invented in China and/or India sometime around 900 A.D. The Chinese are thought to have originated card games when they began shuffling paper money (another Chinese invention) into various combinations.