Sports Betting on the Book in Ontario Casinos

We could soon be seeing Las Vegas style sports gambling in casinos across Ontario. As casinos continue to see a decline in revenues because of fewer American visitors, the Mcguinty government is calling on Ottawa to amend the Criminal Code and create casino “Sportsbooks.”

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Thu, July 3rd, 2008

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Gambling history facts:

  • Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
  • 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.
  • People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
  • 2000: MGM Grand Inc. stages the gaming industry's largest corporate buyout with its $6 million purchase of Mirage Resorts Inc.
    2005: Las Vegas celebrates one illustrious century on May 15.