Debt Issues Remain the Big Story for Casino Stocks
Casino companies showed mixed performance Friday as they continued to navigate debt problems.
Related Casino News:
- Rooney’s gambling ‘issues’ resolved
- Rooney settles gambling issues
- Rooney settles gambling ‘issues’
- Rooney Settles ‘Issues’ Over Bet Debts
- Case closed: Pacman’s casino debt handled
- Agent: Pacman to pay $20,000 Vegas casino gambling debt
- Rooney Resolves Gambling Debts Row
- Debt-hit bingo operator looking to fund investment with debt-for-equity swap
- Malaysian judge denies UK gambling order
- Fergie rejects Rooney gambling debt story
- Rooney resolves gambling row
- Bet debt obligations reinforced
Casino gambling information:
- Massachusetts decriminalized bingo in 1931 in an attempt to help churches and charitable organizations raise money. Bingo was legal in 11 states by the 1950s, usually only for charity purposes.
- Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.
- 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.
- The name blackjack came from an early bet (since discontinued) that paid 10 to 1 if the player got a jack of spades and an ace of spades, both black cards, as the first two cards.
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