Firms Cash In on Video Gambling Craze

When it comes to the Sea Story video gambling scandal, premium gift certificates used in game rooms for adults are always mentioned in the same breath.

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Sun, August 20th, 2006

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Gambling history facts:

  • In 1857, Prince Charles III of Monaco decided to introduce gambling to his Mediterranean principality to boost its finances.
  • 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.
  • The most significant forms of illegal gambling in the United States are numbers, betting with bookmakers or bookies, and sports pools or sports cards.
  • Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.