Buffett, Phelps among high rollers in celebrity poker tournament
It took less than 45 minutes for Warren Buffett, the world’s second-richest man, to go broke.
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- From Buffett, Folksy Talk About Losing Serious Money
- Michael Phelps, Michigan/Canadian Poker Legend?
- Buffett ready to learn more about Seminole gambling deal
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Interesting gambling information:
- In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).
- The first World Series of Poker was held in downtown Las Vegas at the Horseshoe Casino back in 1970. Then owner of the Horseshoe Jack Binion, hosted the very first one and has agreed to host upcoming World Series of Poker Tournament Circuit. Jack Binion said that is purely honorary and plans on doing other types deals and events in the future.
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
- Casino gambling, including Indian gaming, is legal in 27 states and most of the casinos have been built in the last 5 years according to "America's Gambling Fever", U. S. News and World Report, 15 Jan 1996
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