Turmoil in A.C. won’t stop casino investment
ATLANTIC CITY — Within 30 minutes of each other, two major events took place in this seaside gambling resort last week: MGM Grand Inc. announced plans for a $5 billion mega-casino-hotel, and the city’s mayor resigned, citing an over-reliance on pain pills and a federal probe into his Vietnam War service.
Related Gambling News:
- Casino woes deepen tribe’s turmoil
- Turmoil Shakes Italian Soccer Amid Scandal
- Clairvest Announces $16 Million Investment in New Casino in Chile
- Learn When to Stop at an Online Casino at online casino news and casinos update
- Investment brokers online casino launched
- Barkley says he will stop gambling
- Barkley: ‘I’ve got to stop gambling’
- England will win, but it’ll be no rout
- Sessions: Stop casino
- Pinnacle drops out of race to build Kansas casino
- MangaPets Appoints Investment Bankers
- March Investment Madness: The Financial Final Four
Gambling casinos history:
- In 1978, New Jersey became the second state to legalize casino gambling in an attempt to revitalize the rundown resort area of Atlantic City. The legalization was restricted only to Atlantic City.
- 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 Paris, legislation prohibiting playing cards was passed in 1377, and in Italy, playing cards and dice were burned.
- 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.
RSS feed
