A $1 billion bet on Macao as the Las Vegas of the East
The American billionaire Stephen Wynn will make one of his biggest gambles this week when he opens a $1 billion hotel-casino in Macao, the booming Chinese territory that could soon surpass Las Vegas as the world’s gambling capital.
Related Gambling News:
- Macao to get big gambling investment
- Las Vegas Sands Head Likes Macao’s Odds
- In Macao, one bet sires another
- Las Vegas Sands seeks funds for Macao
- Macao awaits new casino business boom
- Meanwhile: Gambling on Macao
- Slums in Macao seethe as rents soar
- Wheel of fortune entices banks
- PBL places Macao bet with Melco
- Macao casino competition heating up with arrival of newcomers
- CORRECTED: Macao casino competition heating up with arrival of newcomers
- Casino hub of Macao is cool to slot machines
Gambling history facts:
- Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.
- 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.
- 1951: On September 4, Frank Sinatra makes his Vegas debut, performing in the Crystal Room at the Desert Inn.
1959: Wayne Newton performs in Vegas for the first time, despite the fact that he is still too young to enter a casino. - 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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