Top Ten reveals profit slump
Log in to remember this page. Email this Bingo firm Top Ten posted a slump in pre-tax profits of £465,000, to £381,000, on sales down £1 million to £13.7 million for the six months to September 30. A statement from the operator cited the smoking ban and the UK’s new gambling legislation as reasons, and warned that the ‘difficult’ market conditions would persist through the second half.
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Gambling casinos history:
- During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
- The El Rancho Casino & Hotel in Las Vegas was known for a few firsts. It was the first casino/resort on the Strip opening in 1941 with 63 guestrooms. It was also the first to offer a buffet. The cost of the buffet was only $1.00! The El Rancho burned down in 1960 and fortunately no one was hurt.
- U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
- Horse racing is the best known and widespread parimutuel betting event. Horse racing is the only form of partimutuel wagering legal in California.
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