Witnesses say Yao gambled at Las Vegas casinos
WILMINGTON, Del. (AP) - Former Student Finance Corp. chief executive Andrew Yao lost $33,000 in 15 minutes at a Las Vegas blackjack table, a witness in Yao’s bankruptcy fraud trial testified Tuesday.
Related Casino News:
- Survey Estimates Half Of Missouri Youth Have Gambled By Age 20
- UIGEA law too ambiguous to work say hearing witnesses
- Consumer Credit: Gambling a risk to family, finances
- Lottery director prepares to run state’s casinos
- Nurse’s murdered husband gambled hard, won big, casino witness says
- Washington state - Poll finds most folks have tried gambling
- Casinos could ban grandmother accused of leaving two children in car
- Convenience store manager gambled away deposits at Erie casino
- Tropicana buyer gambled big on 06 buy, fell hard
- Survey shows: 10 percent of Americans have gambled on the Internet
- Blitz took down bingo operations
- Witnesses with ties to Black testify
Casino gambling information:
- Casino chips were used in the 18th century as a substitute for money being wagered. Originally, they were pieces of bones, mother of pearl or ivory engraved with the name of the casino and their respective value.
- Massachusetts decriminalized bingo in 1931 in an attempt to help churches and charitable organizations raise money. Bingo was legal in 11 states by the 1950s, usually only for charity purposes.
- 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.
- In Paris, legislation prohibiting playing cards was passed in 1377, and in Italy, playing cards and dice were burned.
RSS feed
