Ahead of the Bell: Casino price targets slashed
A Goldman Sachs analyst cut the price targets of several casino operators Thursday as consumer spending continues to soften.
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Gambling history facts:
- 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.
- 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. - Casino gambling, including Indian gaming, is legal in 27 states and most of the casinos have been built in the last 5 years according to "America's Gambling Fever", U. S. News and World Report, 15 Jan 1996
- Keno, the casino version of lotto, originated in China nearly 2000 years ago when Cheung Heung devised a lottery as a way of raising funds for his province's army.
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