Genting to buy U.K. casino company Stanley Leisure for $1.2 billion
LONDON (AP) - Malaysian gambling company Genting says it has agreed to buy Britain’s largest casino operator, Stanley Leisure PLC, for about $1.2 billion.
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Interesting gambling information:
- Horse racing is the best known and widespread parimutuel betting event. Horse racing is the only form of partimutuel wagering legal in California.
- 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.
- Lotteries were brought to America in the 1800s by the thousands of Chinese immigrants who worked in the mines and on the railroads.
- 2000: MGM Grand Inc. stages the gaming industry's largest corporate buyout with its $6 million purchase of Mirage Resorts Inc.
2005: Las Vegas celebrates one illustrious century on May 15.
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