Stock market: Game, gamble or good ‘bet’?
“The question any Fool must ask is, ‘Why are these simple principles — the benefits of saving and long-term investment — not taught to every high school student?’ They stand to gain the most from Al’s ideas.” … via Statesman Journal
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Gambling casinos history:
- 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.
- Lotteries, along with their close derivative bingo, are the most popular kinds of gambling. The popularity of lottery games is not limited to state-run lotteries. Indian tribes run lotteries and illegal lotteries still exist.
- The most popular form of charitable gambling is bingo. In California, bingo is the only charitable game that is legal.
- 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
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