Is Russia rethinking draconian gambling strategy?
Russia’s draconian exile of gambling operations to four remote areas of the vast country is apparently not generating commercial enthusiasm from either operators or players, according to a report in the publication RT. Failed attempts to get operators to invest in the original designated areas lies at the heart of a possibly more pragmatic approach […]
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Interesting gambling information:
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
- Casino is defined by the Webster's New World Dictionary as the following: a small country house, or a building or room used for meetings, or public amusements, gaming, or a game at cards.
- Indian tribes have used their position as sovereign entities to develop a number of gaming establishments. Indian casinos operate in 22 states. This number is expected to grow.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."