Ameristar swings to 1Q loss on hefty impairment charge
Ameristar Casinos Inc. said Thursday it swung to a first-quarter loss, weighed down by a hefty impairment charge. The casino operator reported a loss of $60.9 million, or $1.07 per share, compared with a profit of $24 million, or 41 cents per share a year earlier.
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Casino gambling information:
- Gambling became legalized in Vegas in 1931 by Mayme V. Stocker and J.H. Morgan who was issued Clark County Gaming License No. 1.
- The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.
- The most popular form of charitable gambling is bingo. In California, bingo is the only charitable game that is legal.
- By the 18th and 19th centuries a dice game called Hazard had become popular in England and was played by the aristocracy in private gambling houses.
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