RICK ALM GAMBLING & TOURISM: Rockaway Beach casino unlikely

Dont bet a bundle on that new plan for a casino in tiny Rockaway Beach, Mo., near Branson.

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Tue, August 15th, 2006

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Gambling casinos history:

  • Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy.
  • 1941: The Strip gets its first luxury hotel. El Rancho Vegas sets the trend for many of the themed resorts that sprout along the Strip in later years.
    1942: The first wedding chapel, the Little Church of the West, opens on the Strip in the Last Frontier Hotel.
  • The Great Wall of China was financed, in part, by a lottery. The Bible is replete with references to drawing lots. Lot casting was a favored means of communication between man and god.
  • The first legal lottery in the twentieth century was the New Hampshire Sweepstakes which began on March 12, 1964. Currently 37 states and the District of Columbia operate lotteries.