Online gambling firms post hefty profits in ‘08
MANILA, Philippines - Online gambling companies enjoyed their best year in 2008, posting healthy revenue and profit increases despite the slowing economy.
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Interesting gambling facts:
- As early as 1420, lotteries were used in Europe for public works. High-value commodities such as land and art were often sold through lotteries.
- 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.
- Although the Greeks had a profound understanding of mathematics they had no concept of probability, and assumed that the outcome of games of chance was due to the will of the gods.
- Poker is derived from the Persian game of "as nar" and was probably based on the dice game "tali", which was played by the Romans.
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