Yung out of casinos
Tropicana Entertainment LLC owner Bill Yung III has agreed to resign from the board as part of a settlement with creditors who blamed him for the casino operator’s bankruptcy.
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Gambling casinos history:
- One of the oldest casinos in Europe, at Baden Baden in Germany, was opened in 1748 by Edouard Benazet, who employed Parisian craftsmen to design the stylish rooms.
- The name blackjack came from an early bet (since discontinued) that paid 10 to 1 if the player got a jack of spades and an ace of spades, both black cards, as the first two cards.
- The casino at Spa, a Belgian resort town noted for its mineral baths, was built by the Prince Bishop of the province of Liege in 1763.
- Gambling is Often Legalized to Promote Economic Development of Depressed Areas. That was an important motivation in Las Vegas, Atlantic City, New Jersey, and many of the other locales for casinos.
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