Australian JV to Ante Up $1.2B For Canadian Casinos
Publishing & Broadcasting Ltd. (PBL) of Sydney and Macquarie Bank Ltd. have formed a 50/50 joint venture that will offer U.S.$1.2 billion (C$1.37 billion) for the outstanding units and convertible debentures of the Gateway Casinos Income Fund in Burnaby, British Columbia, according to a report by Bloomberg News this morning.
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- Tabcorp’s Gambling Plans Slammed
- Betfair fights Western Australian restrictions
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Gambling casinos history:
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
- The most significant forms of illegal gambling in the United States are numbers, betting with bookmakers or bookies, and sports pools or sports cards.
- Horse racing is the best known and widespread parimutuel betting event. Horse racing is the only form of partimutuel wagering legal in California.
- 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.
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