Rank shares boosted after hints of government lifeline to bingo industry
Shares in Rank, which owns the UK’s second-largest bingo chain, jumped 6.5 per cent yesterday after hints that the Government may be about to throw the floundering industry a lifeline.
Related Bingo News:
- Guoco beefs up Rank stake
- Rank Sales Drop Eases, Boosted by Casino, Bingo-Hall Visits
- Rank Rises on Report Government Plans Bingo Statement
- Rank Rises as Investec Says Government Plans Bingo Statement
- Sun boosted by Bloem gamblers
- Gala and Rank call for tax breaks
- Rank says odds on 16 new casinos not good
- ROUNDUP Ladbrokes profits boosted by unprecedented ‘high roller’ activity
- PREVIEW-Bingo bounce and dividend cut in focus for Rank
- Richardson family gamble on Rank
- UPDATE 1-Australia’s Tabcorp year profit up 4 percent
- Rank rejects asset swap move by US gaming rival - report
Gambling casinos info:
- Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
- Playing cards are believed to have been invented in China and/or India sometime around 900 A.D. The Chinese are thought to have originated card games when they began shuffling paper money (another Chinese invention) into various combinations.
- Nevada is the oldest and largest legalized gaming center in the United States. Gaming was legalized in Nevada in 1931 in the middle of the Great Depression as a form of economic stimulant.
- 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.
RSS feed
