Survey: US gambling revenues up 5.3 percent in 2007; economy slump a threat to casino growth
LAS VEGAS — A gambling industry report says Americans spent more money gambling in 2007 than on movie tickets or candy. But it says the steady growth of commercial casinos in the…
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Casino gambling facts:
- 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. - 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."
- In Paris, legislation prohibiting playing cards was passed in 1377, and in Italy, playing cards and dice were burned.
- French mathematician Blaise Pascale is often credited with inventing the roulette wheel as a result of his experiments with perpetual motion machines.
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