NY Off-Track Betting releases study

AURORA, Ontario (PRESS RELEASE) — Magna Entertainment Corp. (”MEC”) (NASDAQ: MECA) - For many years, MEC, as North America’s largest owner and operator of horse racetracks, based on revenue, has observed the failing business model for horse racing in New York State, including the difficult relationship between the racetracks and the off-track betting networks operating in the State.

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Tue, April 3rd, 2007

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Interesting gambling facts:

  • Legal gambling activities include state lotteries; parimutuel betting on horses, greyhounds, and jai-alai; sports book-making; card games; keno; bingo; slot machines; progressive slot machines; video poker machines; video keno machines; video blackjack machines; and video roulette machines.
  • The name of the game "Poker" likely descended from the French poque, which descended from the German pochen ("to knock"), but it is not clear whether the games named by those terms were the real origins of poker.
  • Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.
  • Originally, the double-zero wheel started in Europe and the single-zero wheel started in America. But, Europeans liked the single-zero wheel better, and Americans liked the double-zero wheel better so they switched. Today, the American wheel and double-zero wheel are synonymous.