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Gambling stocks are on a roll. On Wall Street, the Dow Jones Gambling Index is now tripling gains of the broad market index. Harrah’s, the world’s largest gaming operator with 60 casinos, is mulling a US$15 billion bid from a pair of private-equity firms.Save

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Fri, December 1st, 2006

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Gambling history facts:

  • Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
  • 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
  • When playing blackjack, always split Aces and never split 4's, 5's or Tens. You would be surprised at how many players split Tens. Why risk getting a lower hand when you already have a twenty value? Also note that at most casinos, you are not allowed to re-split Aces.
  • The Great Wall of China was financed, in part, by a lottery. The Bible is replete with references to drawing lots. Lot casting was a favored means of communication between man and god.