Genting to Buy Stanley, Expand Casino Network to U.K.
Sept. 11 (Bloomberg) — Genting Bhd., a gaming company owned by Malaysia’s third-richest family, will buy Stanley Leisure Plc, the largest U.K. casino operator, for 483.6 million pounds ($901 million) to capitalize on a relaxation of Britain’s gaming laws.
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Interesting gambling facts:
- Catholics were found to be more likely to gamble than Protestants and other religious groups. Catholics were also found to be less likely to disapprove of gambling than other religious groups.
- 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. - Although the Greeks had a profound understanding of mathematics they had no concept of probability, and assumed that the outcome of games of chance was due to the will of the gods.
- The first legal lottery in the twentieth century was the New Hampshire Sweepstakes which began on March 12, 1964. Currently 37 states and the District of Columbia operate lotteries.
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