Australian $1.37B bid ‘exceptional value’ for Gateway Casinos investors: CEO
Andrew Flynn April 4, 2007 - 3:37 p.m. TORONTO (CP) - Gateway Casinos Income Fund (TSX:GCI.UN) CEO Dave Gadhia urged the gambling operator’s investors Wednesday to embrace a $1.37-billion takeover bid by an Australian joint venture.
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Gambling history 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.
- One of the oldest casinos in Europe, at Baden Baden in Germany, was opened in 1748 by Edouard Benazet, who employed Parisian craftsmen to design the stylish rooms.
- Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.
- Gambling became legalized in Vegas in 1931 by Mayme V. Stocker and J.H. Morgan who was issued Clark County Gaming License No. 1.
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