Macquarie and Oz media group ante up $1.37B for Gateway Casinos
Gary Norris April 3, 2007 - 11:47 p.m. TORONTO (CP) - Australia’s Macquarie Bank is joining Publishing and Broadcasting Ltd. in a bid to take over Gateway Casinos, a major gambling operator in Western Canada, in a friendly deal valued at $1.37 billion.
Related Casino News:
- Australian JV to Ante Up $1.2B For Canadian Casinos
- European gaming group now a full Tattersalls subsidiary
- Tatts and Macquarie bid for Talarius
- Casino Media Group Expands to Multimedia Integrated Programs
- Tatts and Macquarie gamble on Europe
- Macquarie joins Beacon Bingo shorlist
- Packer’s son to take over Australian media group
- Liberty Media offers to buy out Funtech
- TFN UK calendar and forecasts for today
- Players ante up for the fun of it
- Bendalls Group Will Be Working With Betfair UK On a Social Media Marketing Campaign
- Will anyone ante up in Monroe?
Gambling history 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.
- In 1857, Prince Charles III of Monaco decided to introduce gambling to his Mediterranean principality to boost its finances.
- French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
- In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
RSS feed
