New Jersey business briefs
ATLANTIC CITY — With its three New Jersey casinos being eyed by potential buyers, Trump Entertainment Resorts on Thursday said its first quarter loss shrunk, despite increasing competition from slot parlors in Pennsylvania and New York. The company reported a loss of $8.1 million, or 26 cents per share, in the three months ended March 31. That compared with a loss of $9.7 million, or 32 cents a …
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Do you know that:
- Casino chips were used in the 18th century as a substitute for money being wagered. Originally, they were pieces of bones, mother of pearl or ivory engraved with the name of the casino and their respective value.
- Nevada is the oldest and largest legalized gaming center in the United States. Gaming was legalized in Nevada in 1931 in the middle of the Great Depression as a form of economic stimulant.
- The first legal lottery in the twentieth century was the New Hampshire Sweepstakes which began on March 12, 1964. Currently 37 states and the District of Columbia operate lotteries.
- Gambling became legalized in Vegas in 1931 by Mayme V. Stocker and J.H. Morgan who was issued Clark County Gaming License No. 1.
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