Comcast buys stake in 2 sports networks

In a cash transaction with Rainbow Media Holdings LLC, Comcast will purchase a 60 percent interest in FSN Bay Area and a 50 percent interest in FSN New England.

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Mon, April 30th, 2007

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Gambling history facts:

  • Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy.
  • The first World Series of Poker was held in downtown Las Vegas at the Horseshoe Casino back in 1970. Then owner of the Horseshoe Jack Binion, hosted the very first one and has agreed to host upcoming World Series of Poker Tournament Circuit. Jack Binion said that is purely honorary and plans on doing other types deals and events in the future.
  • French mathematicians Pierre de Fermat and Blaise Pascal explored the mathematics of gambling, leading to the formulation of Pascal's theory of probability in 1654.
  • 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.