Sector Snap: Casino Companies Rise
Shares of casino companies are trading mostly higher Wednesday as several operators await word on who will be receiving slot-machine licenses from Pennsylvania’s gambling regulators.
Related Gambling News:
- Sector Snap: Macau-linked companies up on casino news
- Sector Snap: Casino shares sink on economic woes
- Sector Snap: Casinos jump as MGM announces funding
- Sector Snap: Casino Stocks Mixed
- Sector Snap: Analyst wary of casino promotions
- Sector Snap: Las Vegas casinos
- Sector Snap: Casino stocks dip as spending wanes
- Sector Snap: Harrah’s Bid Boosts Casinos
- Sector Snap: Casino stocks mixed after rate cut
- Sector Snap: Casinos up as liquidity concerns ease
- Sector Snap: Casinos hold up over holiday
- Sector Snap: Vegas Strip casinos face hard 2009
Interesting gambling information:
- The brand new resort, Wynn Las Vegas recently opened on the Las Vegas Strip. At a cost of approximately $2.7 billion, the Wynn Las Vegas features 2,700 guestrooms and suites, casino (table games, over 1900 slots/video poker machines, poker room with race and sports book), several restaurants, a night club, golf, a shopping esplanade and a show called Le Reve.
- Gambling became legalized in Vegas in 1931 by Mayme V. Stocker and J.H. Morgan who was issued Clark County Gaming License No. 1.
- Charles Fey invented the first slot machine way back in 1895. He went on to perfect his initial innovation in 1907, when he teamed with Mills Novelty Company who manufactured the "Mills Liberty Bell".
- 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.
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