LVFH to supply online games to Chinese

The Toronto and Frankfurt listed online gambling software company Las Vegas From Home has signed a licensing arrangement to supply an Asian multi-player software platform to CY Foundation, a company which claims it has a license to operate online games in China.

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Mon, January 14th, 2008

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Interesting gambling facts:

  • Up to the 1960s, Nevada was plagued by teamster financing, hidden ownership, employment of individuals of questionable character and background, and the clear links to organized crime.
  • Gambling became legalized in Vegas in 1931 by Mayme V. Stocker and J.H. Morgan who was issued Clark County Gaming License No. 1.
  • 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.
  • Catholics were found to be more likely to gamble than Protestants and other religious groups. Catholics were also found to be less likely to disapprove of gambling than other religious groups.