Is economy sinking Philly’s casinos? Rendell impatient over lack of progress
In a climate of economic uncertainty, investor groups backing two casinos proposed for Philadelphia and approved by the state more than two years ago have yet to start building. Gov. Rendell, for one, is losing patience. The question for some is can investors still afford to build their projects?
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Casino gambling information:
- 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.
- 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.
- Bingo as we know it today is a form of lottery and is a direct descendant of Lo Giuoco del Lotto d'Italia - the Italian National Lottery organized in 1530.
- Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.
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