Daftary to Take World by Storm

Fund manager Manu Daftary looks at the BRIC markets for his first new mutual fund in a decade.

Mon, April 30th, 2007

1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel.
The name blackjack came from an early bet (since discontinued) that paid 10 to 1 if the player got a jack of spades and an ace of spades, both black cards, as the first two cards.
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.
By the 18th and 19th centuries a dice game called Hazard had become popular in England and was played by the aristocracy in private gambling houses.

Gambling Information