ITC: Bingo!

After taking a beating on the bourses and witnessing a decline in cigarette volumes by 2% in the first quarter due to a price rise brought about by increased taxes, ITC seems to be on the right track again. Consumers appear to have accepted the price rise and volumes are set to go up.

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Fri, September 7th, 2007

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Interesting gambling information:

  • 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.
  • In 1911 US legislation prohibited stud poker but ruled that draw poker was a game of skill and therefore was not illegal.
  • 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.
  • Dog racing (a race among greyhounds who chase after a mechanical rabbit) operates in 17 states. Jai-alai (a game similar to handball) is legal in just three: Connecticut, Florida, and Rhode Island.