Betbrokers going after vegas gambling info company

UK betting brokerage Betbrokers plc has its eyes on the Las Vegas gambling information company Winning Edge, and has signed a letter of intent to clinch the acquisition, valued at US$6.5 million, by June this year

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Thu, May 24th, 2007

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Gambling history facts:

  • Bingo as we know it today is a form of lottery and is a direct descendant of Lo Giuoco del Lotto d'Italia - the Italian National Lottery organized in 1530.
  • 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.
  • In 1911 US legislation prohibited stud poker but ruled that draw poker was a game of skill and therefore was not illegal.
  • 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).