Sector Snap: Regional play helps some casino cos.
A visit to three Pennsylvania casinos indicates regional operators are benefiting from customers’ altered spending habits, a Goldman Sachs analyst said Thursday. Equipment suppliers may also gain from newfound competitive pressures, he added.
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Casino gambling information:
- Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
- The most popular form of charitable gambling is bingo. In California, bingo is the only charitable game that is legal.
- 2000: MGM Grand Inc. stages the gaming industry's largest corporate buyout with its $6 million purchase of Mirage Resorts Inc.
2005: Las Vegas celebrates one illustrious century on May 15. - 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.
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