IPO REPORT: Melco PBL Files $1 Bln IPO For Macau Casinos

NEW YORK (Dow Jones) — Melco PBL Entertainment (Macau) Limited, a developer of casinos in the coastal city of Macau, China, filed to raise up to $1 billion in an offering of American depositary receipts on the Nasdaq.Save

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Sun, December 3rd, 2006

Related Casino News:

Gambling casinos history:

  • The introduction of the single zero wheel (with better odds for the player) resulted in the demise of the double zero wheels in Europe and has become known as the "French Wheel" in roulette history.
  • 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.
  • The casino at Spa, a Belgian resort town noted for its mineral baths, was built by the Prince Bishop of the province of Liege in 1763.
  • Dog racing (a race among greyhounds who chase after a mechanical rabbit) operates in 17 states. Jai-alai (a game similar to handball) is legal in just three: Connecticut, Florida, and Rhode Island.