Gaming Commission pulls rule on casino locations
An Iowa company moved closer to building a new Kansas City casino Wednesday and the state Gaming Commission withdrew a proposed rule that would have allowed casinos to move within two miles without applying for a new license. The company running St. Louis’ President Casino and the city’s redevelopment corporation had challenged the proposed rule. They said there should be more flexibility to …
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Gambling casinos history:
- Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- The word Casino originally meant a public hall for music and dancing. By the second half of the 19th century, the term essentially meant a collection of gaming or gambling rooms. The classic example of a casino, is the casino at Monte-Carlo, which was opened in 1861.
- 1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel.
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