Arsenal gambling with its future

After Arsenal’s loss to Manchester City on the weekend, FSC’s voice of EPL Nick Webster looks at two particular points relating to how the Gunners are gambling with their future.

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Mon, August 28th, 2006

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Interesting gambling facts:

  • 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.
  • The first airplane flight to Las Vegas was made in May, 1920, with Lieutenant Randall Henderson, editor of the Blythe, California Herald, and Jack Beckley.
  • 1994: On New Year's Day Frank Sinatra gives his last Las Vegas performance at the MGM Grand.
    1998: Opening of the Bellagio. With 3,026 rooms it is the largest hotel in the world, and also the most expensive - it cost $1.7 billion to build.
  • Gambling is Often Legalized to Promote Economic Development of Depressed Areas. That was an important motivation in Las Vegas, Atlantic City, New Jersey, and many of the other locales for casinos.