The Chips Are Down: Hotel Casinos to Decline 2.9 Percent
The first event of this year’s World Series of Poker Circuit is just days away at Harrah’s Tunica Casino in Mississippi, yet the fate of the gaming industry is grim according to IBISWorld, the nation’s most respected independent publisher of industry research.
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Interesting gambling information:
- In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
- In Cuba, during the 1950's, the blackjack shoe was first introduced. The dealers in Cuba handled the cards really well and management thought that the dealers may be being a little too good to their friends. So, to curb their suspicions, management decided to use a "dealing box" which is currently known as a shoe.
- 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.
- The Gold Rush brought a huge increase in the amount and types of gambling to California. San Francisco replaced New Orleans as the center for gambling in the United States.
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