Publishing & Broadcasting Full-Year Profit Rises 26% on Gaming
Aug. 23 (Bloomberg) — Publishing & Broadcasting Ltd., the media and gaming company controlled by Australia’s richest man James Packer, reported a 26 percent rise in full-year profit, boosted by its casinos and Internet investments.
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Do you know that:
- 1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel. - Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
- The name blackjack came from an early bet (since discontinued) that paid 10 to 1 if the player got a jack of spades and an ace of spades, both black cards, as the first two cards.
- In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).
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