UPDATE 1-Australia’s Tabcorp year profit up 4 percent
SYDNEY, Aug 24 (Reuters) - Tabcorp Holdings Ltd. TAH.AX, Australia’s top betting group, said on Thursday annual net profit rose 4 percent, boosted by its casino division and cost cuts, but said the start to fiscal 2007 was mixed. Tabcorp, which owns four of Australia’s 13 casinos, said wagering revenues were up 12.3 percent for the first seven weeks of the new year, boosted by the soccer World
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Interesting gambling information:
- Legal gambling activities include state lotteries; parimutuel betting on horses, greyhounds, and jai-alai; sports book-making; card games; keno; bingo; slot machines; progressive slot machines; video poker machines; video keno machines; video blackjack machines; and video roulette machines.
- U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
- The term "turned the tables" is actually a chess term coming from the mid 1600's. When a player was losing, they would physically turn the chess table to assume the winning side of the table.
- Bingo as we know it today is a form of lottery and is a direct descendant of Lo Giuoco del Lotto d'Italia - the Italian National Lottery organized in 1530.
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