Branson eyeing $3B Macau casino

HONG KONG, China (Reuters) — Sir Richard Branson’s Virgin Group is close to securing a 20-hectare site in Macau to build a $3 billion casino complex which could add to the city’s rise as the world’s gambling capital, a newspaper reported on Friday.

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Thu, January 25th, 2007

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Casino gambling facts:

  • The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.
  • Pathological gambling is recognized as a medical disorder by the American Psychiatric Association and has elements of addiction similar to alcohol and drug addiction.
  • 1951: On September 4, Frank Sinatra makes his Vegas debut, performing in the Crystal Room at the Desert Inn.
    1959: Wayne Newton performs in Vegas for the first time, despite the fact that he is still too young to enter a casino.
  • Riverboat Gaming Has Captured 20% of the Casino Market Share. Mississippi now has more gambling square footage than Atlantic City.