Analyst favors regional casinos
NEW YORK — Regional casino operators may have better-than-expected first-quarter earnings on continued cost control efforts, a Goldman Sachs analyst said Monday as she raised price targets on some of the stocks.
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Gambling history facts:
- In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
- The most popular form of charitable gambling is bingo. In California, bingo is the only charitable game that is legal.
- 1993: Steve Wynn buys the Dune Hotel, then implodes it to make way for the Bellagio. The new MGM Grand is completed, once again becoming the world's largest hotel. On December 31, Barbra Streisand stars in the inaugural concert at the MGM Grand Garden Arena.
- The word Casino originally meant a public hall for music and dancing. By the second half of the 19th century, the term essentially meant a collection of gaming or gambling rooms. The classic example of a casino, is the casino at Monte-Carlo, which was opened in 1861.
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