Ameristar Casinos stock down on initiation
The company\’s stock declined 69 cents, or 3 percent, to $22.31 in afternoon trading on the Nasdaq. The stock has been trading in a 52-week range between $16.73 and $26.57.
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Gambling casinos history:
- 1905: The town of Las Vegas is founded when the San Pedro, Los Angeles and Salt Lake Railroad Company holds a land auction at the site on May 15.
1912: The Majestic - Las Vegas's very first theater - opens, featuring the best vaudeville acts and motion pictures of the time. - It was during the 1930's that slot machines began to become very popular across America, and in the late 40's Bugsy Siegel added machines to his Flamingo Hilton hotel in Las Vegas.
- 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.
- One of the oldest casinos in Europe, at Baden Baden in Germany, was opened in 1748 by Edouard Benazet, who employed Parisian craftsmen to design the stylish rooms.
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