Packer, Macquarie Bid $1.2 Billion for Canada Casinos

April 4 (Bloomberg) — James Packer’s Publishing & Broadcasting Ltd., Australia’s biggest casino owner, agreed to buy gambling venues in Canada for C$1.37 billion ($1.2 billion) in its first foray into North America.

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Wed, April 4th, 2007

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Interesting gambling facts:

  • The introduction of the single zero wheel (with better odds for the player) resulted in the demise of the double zero wheels in Europe and has become known as the "French Wheel" in roulette history.
  • The MGM Grand, situated on the a Las Vegas strip has come up with a brand new slogan to promote the casino, "Think of all the New Year's resolutions you'll break." Some say it might even rival the famous Las Vegas catchphrase, "What happens here, stays here."
  • The Gold Rush brought a huge increase in the amount and types of gambling to California. San Francisco replaced New Orleans as the center for gambling in the United States.
  • Although the Greeks had a profound understanding of mathematics they had no concept of probability, and assumed that the outcome of games of chance was due to the will of the gods.