Breaking News Casinos helping horse racing ruled unconstitutional
SPRINGFIELD - A law requiring Elgin’s Grand Victoria and other Chicago-area casinos to share millions of dollars with horse tracks has been declared unconstitutional.
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Casino gambling facts:
- 2000: MGM Grand Inc. stages the gaming industry's largest corporate buyout with its $6 million purchase of Mirage Resorts Inc.
2005: Las Vegas celebrates one illustrious century on May 15. - Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
- Poker is derived from the Persian game of "as nar" and was probably based on the dice game "tali", which was played by the Romans.
- Pathological gambling is recognized as a medical disorder by the American Psychiatric Association and has elements of addiction similar to alcohol and drug addiction.
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