Keating: Government is gambling with our economy
While in Las Vegas last week speaking to a business group about the economy, it occurred to me that some people seem to believe that no difference exists between gambling and capitalism. Investing is seen as just a big roll of the dice. Of course, this view gets reinforced in a down market, particularly as experienced […]
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Gambling history facts:
- Legal gambling operations in Washington reported $1.7 billion in net receipts in 2005: 61 percent was reported by tribal casinos, 10 percent came from the state lottery. 2 percent of responders in a February state survey said they placed bets online.
- By the 1370s, playing cards had reached Europe in a form that is recognizable today, with a pack consisting of 52 cards with suits of swords, polo-sticks, cups and coins.
- Lotteries were brought to America in the 1800s by the thousands of Chinese immigrants who worked in the mines and on the railroads.
- Although baccara has its origins in medieval Italy, it soon spread to France, where it was called "chemin de fer" (meaning railway, due to the action of the card box or shoe passing around the table on "tracks").
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