US online gambling crackdown hits World Gaming

The crackdown on internet gambling in the US has begun to frighten off senior directors.

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Mon, September 25th, 2006

Related Gambling News:

Gambling casinos history:

  • Up to the 1960s, Nevada was plagued by teamster financing, hidden ownership, employment of individuals of questionable character and background, and the clear links to organized crime.
  • Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
  • French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
  • Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.