‘Casino Watch’ blog: Revenue growing, but so is concern
Blogger Steve DeCosta writes: 2007 was another record-breaking year for commercial casinos and, despite the gathering stork clouds of economic uncertainty, the American Gaming Association expects the good times to continue.
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Gambling casinos info:
- The first World Series of Poker was held in downtown Las Vegas at the Horseshoe Casino back in 1970. Then owner of the Horseshoe Jack Binion, hosted the very first one and has agreed to host upcoming World Series of Poker Tournament Circuit. Jack Binion said that is purely honorary and plans on doing other types deals and events in the future.
- The current wave of legal lotteries started in New Hampshire, spread to other North-Eastern states, and then across the nation.
- The MGM Grand, situated on the a Las Vegas strip has come up with a brand new slogan to promote the casino, "Think of all the New Year's resolutions you'll break." Some say it might even rival the famous Las Vegas catchphrase, "What happens here, stays here."
- Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy.
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