L&G and GCTV online gambling deal off

Leisure & Gaming plc, the online betting and gaming group has terminated takeover discussions with CGTV Games Ltd with immediate effect, the firm has announced to the London market.

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Mon, October 15th, 2007

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Interesting gambling facts:

  • Gambling is defined by the Webster's New World Dictionary as the following: to play games of chance for money or some other stake, or to take a risk in order to gain some advantage.
  • The first recorded betting games were played with marked disks or bones (the forerunners of dice), and spinning wheels or shields.
  • 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.
  • 1941: The Strip gets its first luxury hotel. El Rancho Vegas sets the trend for many of the themed resorts that sprout along the Strip in later years.
    1942: The first wedding chapel, the Little Church of the West, opens on the Strip in the Last Frontier Hotel.