GameTech Buys Back $2 Million in Shares

Electronic bingo systems and equipment company GameTech International Inc. said Friday it has repurchased 281,906 shares to date under its stock buyback program for about $2 million.

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Fri, January 4th, 2008

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Casino gambling facts:

  • 1926: Las Vegas gets a regular air service. Western Air Express flies between Las Vegas and Salt Lake City. The airfield later becomes the site for the famous Sahara and Hilton hotels.
    1931: Gambling is legalized in Nevada on March 19. Construction begins on the long awaited Hoover Dam.
  • Legal gambling activities include state lotteries; parimutuel betting on horses, greyhounds, and jai-alai; sports book-making; card games; keno; bingo; slot machines; progressive slot machines; video poker machines; video keno machines; video blackjack machines; and video roulette machines.
  • Las Vegas in Nevada owes its success to the mobster Benjamin "Bugsy" Siegel who organized gaming and bookmaking operations for The Mob (the Mafia).
  • A nationwide survey by the U.S. Travel Industry Association found that 38% of all U.S. residents have been to Las Vegas in their lifetime. The average length of visitors' stay in Las Vegas was almost 4 days (3.7).