Singapore Bets on Genting

Move over Macau. It’s now Singapore’s turn to create some buzz in the global gambling business. On Dec. 11, the shares of Malaysia’s Genting Berhad (GEBHY) shot up as high as 22% to 35.75 ringgit ($10.2) during trading in Kuala Lumpur after Singapore

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Mon, December 11th, 2006

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Do you know that:

  • Nevada is the oldest and largest legalized gaming center in the United States. Gaming was legalized in Nevada in 1931 in the middle of the Great Depression as a form of economic stimulant.
  • When traveling to Las Vegas be sure to check out some of the incredible scenery outside of the city. Lake Mead is about 45 minutes away from the city and is a beautiful place to cool off. When things get really hot, give Mount Charleston a try. It\'s approximately 30 degrees cooler. Red Rock Canyon is only a 30 drive. There is also the stunning Valley of Fire which is 1 hour away from Las Vegas.
  • Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
  • The most significant forms of illegal gambling in the United States are numbers, betting with bookmakers or bookies, and sports pools or sports cards.