05 May 2008 : Dimming Lights at Cape Casino

CAPE casinos continued to spin impressive cash flow in 2007, but the year ahead will test the respective venues ability to generate profits when the local economy deals them a tougher hand.

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Sun, May 4th, 2008

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Gambling history facts:

  • One of the oldest casinos in Europe, at Baden Baden in Germany, was opened in 1748 by Edouard Benazet, who employed Parisian craftsmen to design the stylish rooms.
  • 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.
  • French mathematician Blaise Pascale is often credited with inventing the roulette wheel as a result of his experiments with perpetual motion machines.
  • 2000: MGM Grand Inc. stages the gaming industry's largest corporate buyout with its $6 million purchase of Mirage Resorts Inc.
    2005: Las Vegas celebrates one illustrious century on May 15.