‘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.
Related Casino News:
- Vegas Watch: Capping the prop odds for MLB awards
- Vegas Watch: When ERA lies
- Vegas Watch: Scheduled to win down the MLB stretch
- Look and Listen
- Vegas Watch: Spotting underdog value
- Vegas Watch: MLB home cooking
- Vegas Watch: Home of the Braves
- Vegas Watch: Digging into MLB futures bets
- Vegas Watch: Four pitchers who are better than they look
- Group: Casino, poker revenue up while lottery, sports betting dip
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- Tribal members concerned about casino revenue allocations
Gambling history facts:
- In 1978, New Jersey became the second state to legalize casino gambling in an attempt to revitalize the rundown resort area of Atlantic City. The legalization was restricted only to Atlantic City.
- Massachusetts decriminalized bingo in 1931 in an attempt to help churches and charitable organizations raise money. Bingo was legal in 11 states by the 1950s, usually only for charity purposes.
- Bingo as we know it today is a form of lottery and is a direct descendant of Lo Giuoco del Lotto d'Italia - the Italian National Lottery organized in 1530.
- The term "turned the tables" is actually a chess term coming from the mid 1600's. When a player was losing, they would physically turn the chess table to assume the winning side of the table.
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