City of debt shows US housing woe

Stockton in California shows the dangers of the taking on too much debt as the US housing market slumps.

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Sun, December 30th, 2007

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Gambling casinos history:

  • 1994: On New Year's Day Frank Sinatra gives his last Las Vegas performance at the MGM Grand.
    1998: Opening of the Bellagio. With 3,026 rooms it is the largest hotel in the world, and also the most expensive - it cost $1.7 billion to build.
  • The casino at Spa, a Belgian resort town noted for its mineral baths, was built by the Prince Bishop of the province of Liege in 1763.
  • Riverboat Gaming Has Captured 20% of the Casino Market Share. Mississippi now has more gambling square footage than Atlantic City.
  • 1905: The town of Las Vegas is founded when the San Pedro, Los Angeles and Salt Lake Railroad Company holds a land auction at the site on May 15.
    1912: The Majestic - Las Vegas's very first theater - opens, featuring the best vaudeville acts and motion pictures of the time.