Rep. Frank: Details soon on online gambling

U.S. Rep. Barney Frank said on Thursday he will give details in the coming weeks on possible legislation to repeal a ban imposed last year on online gambling.

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Thu, March 15th, 2007

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Interesting gambling facts:

  • 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
  • Las Vegas in Nevada owes its success to the mobster Benjamin "Bugsy" Siegel who organized gaming and bookmaking operations for The Mob (the Mafia).
  • The major differences between regular poker and video poker is that you are playing against a machine rather than real people, and your goal is to achieve particular hands rather than beat opponents hands.
  • The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."