Neteller founder pleads guilty

Making headlines across the mainstream media late Friday was the news that Neteller co-founder Stephen Lawrence (47) had pleaded guilty to a conspiracy charge over the handling of billions of dollars in illegal gambling proceeds.

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Sat, June 30th, 2007

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Interesting gambling facts:

  • 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.
  • People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
  • Poker is derived from the Persian game of "as nar" and was probably based on the dice game "tali", which was played by the Romans.
  • 1926: Las Vegas gets a regular air service. Western Air Express flies between Las Vegas and Salt Lake City. The airfield later becomes the site for the famous Sahara and Hilton hotels.
    1931: Gambling is legalized in Nevada on March 19. Construction begins on the long awaited Hoover Dam.