Gambling revenues defy economy
Gambling revenues at U.S. commercial casinos rose 6.8% to a record $32.4 billion in 2006, according to a survey released Tuesday by the American Gaming Association. The survey used data from about 460 commercial casinos in 11 states. Michigan’s revenues increased despite the state’s struggling economy.
Related Gambling News:
- Casino Revenues Cool Off
- Lottery, gambling revenues dropping
- Casino Revenues Inch Up In ‘07
- Iowa Casino Revenues Inch Up In ‘07
- AZ Indian casinos deal with weak economy
- Even Nevada sees drop in gambling revenue
- Survey: U.S. gambling revenues up 5.3% in 2007
- Survey: U.S. gambling revenues up 5.3 percent in 2007
- Casino revenue squeezed
- Added slots fail to halt slide in N.E. gambling
- Antigua blasts US over new Internet gambling laws
- U.S. gambling revenues up 5.3 percent to $34 billion in 2007
Casino gambling information:
- Playing cards are believed to have been invented in China and/or India sometime around 900 A.D. The Chinese are thought to have originated card games when they began shuffling paper money (another Chinese invention) into various combinations.
- A nationwide survey by the U.S. Travel Industry Association found that 38% of all U.S. residents have been to Las Vegas in their lifetime. The average length of visitors' stay in Las Vegas was almost 4 days (3.7).
- The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.
- Casino gambling, including Indian gaming, is legal in 27 states and most of the casinos have been built in the last 5 years according to "America's Gambling Fever", U. S. News and World Report, 15 Jan 1996
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