Manila-based on-line gambling site busted: SKorean officials
South Korean prosecutors have busted an on-line gambling ring operated by Koreans from the Philippine capital Manila which cleared some 100 million dollars over 18 months, officials said Tuesday.
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Casino gambling facts:
- Men and women tend to have different preferences in their gambling. Men are more likely to gamble in games such as blackjack and lotteries and women are more likely to engage in bingo and raffles.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- 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. - 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.
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