Going For Broke: Colorado Casino Revenue Down 10.7 Percent
DENVER - Revenue at Colorado casinos fell 10.7 percent during the beginning of 2008, the worst drop in the industry’s history. The industry and gamblers are blaming the state’s new smoking ban as well as high gas prices. Others blame the overall soft economy.
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Casino gambling information:
- 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.
- Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.
- In 1891, Sittman and Pitt of Brooklyn began to manufacture the first nationally known poker card machines. The machines maintained their enormous popularity until just before World War I.
- During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
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