November 29, 1932
- Laurens Hammond of Chicago, IL received a patent for a "Card Table
with Automatic Dealing Mechanism"; first card game table with an
automatic dealing device; deal took about one minute.
1934 -
J Arthur Rank (Lord Rank), son of Joseph Rank, scion of flour milling
family, entered motion picture industry; 1935 - with
Charles Boot and British & Dominions Film Corporation established
Pinewood Studios; 1941 - acquires control of Odeon Theatre
Group, Gaumont British Picture Corporation; 1955 - Odeon
Theatre Group changed name to The Rank Organisation; 1956
- joined forces with Haloid Corporation of America (later re-named Xerox
Corporation) to manufacture copying equipment; 1969 - Rank
Xerox established as joint-venture company; December 22, 1995
- Rank Group Plc established as public limited company; 1997 - sold part
of remaining interest in Rank Xerox (total proceeds from 1995, 1997 sale
of about £1.5bn); 2000 - sold Odeon Cinemas for £280m;
sold Pinewood Studios for £62m; 2001 - launched Rank.com
to exploit opportunities in on-line gaming; 2006 - agreed
to sell Hard Rock Cafes to Seminole Tribe of Florida for $965million.
June 20, 1947
- Benjamin ''Bugsy'' Siegel was shot dead in Beverly Hills, CA, at the
order of mob associates angered over the soaring costs of his pet
project, the Flamingo resort in Las Vegas; 1945 - Siegel had a brilliant
idea Las Vegas, NV had nothing going for it except for a compliant local
government and legal gambling. Siegel decided to build the Flamingo
Hotel in the middle of the desert with $6,000,000, a chunk of which came
from the New York syndicate. Flamingo wasn't immediately profitable and
Siegel ended up in an argument with Lucky Luciano over paying back the
money used to build it. Around the same time that Siegel was killed in
Beverly Hills, Luciano's men walked into the Flamingo and announced that
they were now in charge.
May 1, 1961
- Betting shops legal in Britain.
April 27, 1965
- Tan Sri Lim Goh Tong, former employee of hydro-electric power project,
and Tan Sri Haji Mohammed Noah bin Omar established Genting Highlands
Berhad; July 30, 1968 - incorporated Genting Highlands
Hotel Sdn Bhd, under Companies Act 1965, to operate hotel and casino,
develop integrated tourist complex in Genting Highlands, Malaysia; 1965-1970
- obtained approval, from Pahang and Selangor State Governments for
clearing of 12,000 acres, 2,800 acres respectively; March 31, 1969
- YTM Tunku Abdul Rahman, Malaysia’s first Prime Ministerm, graced
official laying of foundation stone for company’s pioneer hotel,
Highlands Hotel, marked completion of access road to Genting Highlands
Resort; July 24, 1970 - went public, changed name to
Genting Highlands Hotel Berhad; 1971 - first hotel at
Genting Highlands successfully completed, opened; June 9, 1978
- changed name to name of Genting Berhad, investment holding and
management company of Genting Group; one of largest listed companies in
Malaysia.
April 8, 1971
- First legal off-track betting system begins (OTB-New York).
June 2, 1977
- New Jersey allows casino gambling in Atlantic City;
May 26, 1978 - The first legal casino in
the eastern United States opened in Atlantic City, NJ.
1986 -
Mashantucket Pequot Tribal Nation opened original high-stakes bingo hall
in Ledyard, CT; generated $13 million in gross sales, $2.6 million in
profits; 1988 - President Reagan signed Indian Gaming
Regulatory Act; 1991 - Genting Group (owned by Lim Goh
Tong, Malaysian casino king with Genting Highlands casino resort in
mountains 25 miles northeast of Kuala Lampur), extended $58 million
construction loan ($175 million line of credit in 1993); February
15, 1992 - Foxwoods Resort Casino opened with table games
(founded by Richard "Skip" Hayward,
);
1993 - added slot machines; agreed to pay 25% of slot revenue to
state of Connecticut (almost $200 million each year) for exclusive state
rights to slot-machine operations; 2007 - Foxwoods
comprises six casinos (collectively offer more than 7,000 slot machines,
400 tables for 17 different types of table games, high-tech Race Book,
world's largest Bingo Hall); largest casino in the world, with 340,000
square feet of gaming space in complex that covers 4.7 million square
feet; more than 40,000 guests visit Foxwoods each day.
April 15, 1989
- Then largest lottery in North America ($69M) drawn in Illinois.
November 21, 2004
- Donald Trump's casino empire filed for Chapter 11 bankruptcy.
May 2008 - Gambling revenue (down
about 4% for January, February; 58% of revenue for Las Vegas Strip
resorts in 1990, 41% of revenue in 2007 - source:
Deutsche Bank), hotel occupancy down (down 1.5% for January,
February); resorts are slashing room rates (average daily room rates
3.8% below 2007), offering coupons or free nights, casino operators are
firing hundreds of workers, stock prices have plummeted since October;
credit is drying up for hotel, condominium projects planned before
slowdown arrived; people are spending less in Las Vegas; huge inventory
of new casinos, hotels due for completion in next few years (40,000 new
rooms planned by 2012); foreigners = 13% of visitors; 2007 - average
foreign visitor spent $1,200 for purposes other than gambling (up from
$1,159 in 2006) vs. average spending of $701 for all visitors in 2007,
down from $750 in 2006 (source: Las Vegas Convention and
Visitors Authority).
(http://graphics8.nytimes.com/images/2008/05/06/business/20080506_VEGAS_GRAPHIC.jpg)
(500 Club), Jonathan Van Meter (2003).
The Last Good Time: Skinny
D'Amato, the Notorious 500 Club, and the Rise and Fall of Atlantic City.
(New York, NY: Crown Publishers, 296 p.). D'Amato, Skinny, d. 1984;
Atlantic City (N.J.)--History--20th century; Atlantic City
(N.J.)--Social life and customs--20th century.
(Bally Manufacturing Corporation), Christian Marfels (2001).
Bally:
The
World's Game Maker. (Las Vegas, NV: UNLV International Gaming
Institute, 177 p.). Bally Manufacturing Corporation--History;
International business enterprises--United States--History;
Gambling--Equipment and supplies--History; Slot machines--History;
Pinball machines--History; Electronic games industry--History;
Bingo--History.
(Circus Circus Enterprises), Gary Provost (1994).
High Stakes:
Inside the New Las Vegas. (New York, NY: Dutton, 326 p.). Circus
Circus Enterprises; Casinos--Nevada--Las Vegas--Case studies;
Gambling--Nevada--Las Vegas. Las Vegas is adding theme hotels to
gambling (Orlando with gambling).
(Foxwoods), Jeff Benedict (2000).
Without Reservation: The Making
of America's Most Powerful Indian Tribe and Foxwoods, the World's
Largest Casino. (New York, NY: HarperCollins, 376 p.). Pequot
Indians--Gambling; Gambling on Indian reservations--Connecticut;
Casinos--Connecticut; Pequot Indians--Government relations; Pequot
Indians--Economic conditions.
(Foxwoods), Kim Issac Eisler (2001).
Revenge of the Pequots: How a
Tiny American Tribe Created the Most Profitable Casino in the World.
(New York, NY: Simon & Schuster, 267 p.). Pequot Indians--Gambling;
Pequot Indians--History; Pequot Indians--Government relations; Gambling
on Indian reservations--Connecticut--Ledyard; Casinos--Government
policy--Connecticut--Ledyard; Ledyard (Conn.)--Economic conditions;
Ledyard (Conn.)--Social conditions.
(Foxwoods), Brett Duval Fromson (2003).
Hitting the Jackpot: The Inside Story of the Richest Indian Tribe in
History. (New York, NY: Atlantic Monthly Press, 244 p.). Former
Reporter (Washington Post). Mashantucket Pequot Tribal Nation; Pequot
Indians--Gambling; Pequot Indians--History; Pequot Indians--Social
conditions; Gambling on Indian reservations--Connecticut--Ledyard;
Casinos--Government policy--Connecticut--Ledyard; Ledyard
(Conn.)--Economic conditions. True story of how the Mashantucket Pequots
of Connecticut became the richest Indian tribe in history.
(Golden Nugget), Tom Breitling with Cal Fussman (2008).
Double or Nothing: How Two Friends Risked It All To Buy One of Las
Vegas’ Legendary Casinos. (New York, NY: Collins, 256 p.).
President of Breitling Ventures. Golden Nugget (Las Vegas, Nev.);
Casinos--Nevada--Las Vegas. 2003 - College friends Tom Breitling and
Tim Poster sold dot.com company for $105 million, bought legendary,
past-its-prime Golden Nugget Hotel & Casino for $215 million; upped
the odds, raised limits to give gamblers best game in town; taken to
brink of financial disaster by Mr. Royalty, on one of hottest winning
streaks in history.
(Genting Group), Lim Goh Tong (2004).
My Story. (Selangor, Malaysia: Pelanduk Pubns Sdn Bhd, 188
p.). Lim Goh Tong; Genting Bhd.; Gambling--Economic aspects--Malaysia.
(Harrah's Entertainment), Leon Mandel (1982).
William Fisk
Harrah: The Life and Times of a Gambling Magnate. (Garden City,
NY: Doubleday, 223 p.). Harrah, William; Gamblers--United
States--Biography.
(Harrah's Entertainment), From Oral History Interviews by Dwayne
Kling; edited by R.T. King (1999).
Every Light Was On: Bill Harrah
and His Clubs Remembered. (Reno, NV: University of Nevada, Oral
History Program, 453 p.). Harrah, William; Harrah, William--Friends and
associates--Interviews; Harrah, William--Employees--Interviews;
Casinos--Nevada--Employees--Biography; Casinos--Nevada--History; Oral
history.
(Harrah's), Robert L. Shook (2002).
Jackpot: Harrah's Winning
Secrets for Customer Loyalty. (New York, NY: Wiley, p.). Harrah's
Casinos (Memphis, Tenn.); Casinos--United States--Marketing; Customer
loyalty--United States.
(Mirage Resorts), John L. Smith (1995).
Running Scared: The Life
and Treacherous Times of Las Vegas Casino King Steve Wynn. (New
York, NY: Barricade Books, 352 p.). Reporter (Nevada's Largest
Newspaper). Wynn, Steve; Casinos--Nevada--Las Vegas; Organized
crime--Nevada--Las Vegas; Gambling and crime--Nevada--Las Vegas.
(Resorts International), Gigi Mahon (1980).
The Company That
Bought the Boardwalk: A Reporter's Story of How Resorts International
Came to Atlantic City. (New York, NY: Random House, 262 p.). Resorts
International; Gambling--New Jersey--Atlantic City.
(Resorts International), Robert S. Morrison (1994).
High Stakes to
High Risk: The Strange Story of Resorts International and the Taj Mahal.
(Ashtabula, OH: Lake Erie Press, 378 p.). Resorts International;
Casinos--New Jersey--Atlantic City--Case studies.
Mike Atherton (2006).
Gambling: A Story of Triumph and Disaster. (London, UK: Hodder &
Stoughton Ltd., 320 p.). Gambling; Gambling--History.
From Greek
mythology and ancient role of lots, dice and cards, to explosion of
gambling in 17th century, to high profile thrown cricket and
football matches of today.
H. Lee Barnes; foreword by John L. Smith (2002).
Dummy Up and
Deal: Inside the Culture of Casino Dealing. (Reno, NV: University of
Nevada Press, 140 p.). Casinos; Casinos--Employees; Gamblers; Gambling;
Swindlers and swindling. Contents: Breaking in; Mattress politics;
Georges, stiffs, freaks; You're fired, have a nice day; Cheating;
Coping; Gambling; One dealer's story.
Randy Bobbitt (2007).
Lottery Wars: Case Studies in Bible Belt Politics, 1986-2005.
(Lanham, MD: Lexington Books, 218 p.). Lotteries--United State;
Lotteries--United States--Case studies; Gambling--Government
policy--Southern States; Southern States--Politics and
government--1951-; Southern States--Politics and government--1951---Case
studies. History of state lotteries, persuasive strategies used to
debate them.
Christina Binkley (2008).
Winner Takes All: Steve Wynn, Kirk Kerkorian, Gary Loveman, and the Race
to Own. (New York, NY: Hyperion, 320 p.). Columnist (Wall Street
Journal). Las Vegas (Nev.)--Biography; Kerkorian, Kirk; Loveman, Gary;
Wynn, Steve. From tacky family vacation spot to luster and glamour. Three
competing tycoons bet big on Las Vegas - billions of dollars,
unparalleled drive for power; now home to
gambling, restaurants run by some of world's top chefs, concert and
entertainment venues headlined by Hollywood's biggest stars, art
galleries featuring some of world's most valuable pieces, meta-resorts
boasting largest, most expansive casinos, spas, more.
Henry Chafetz (1960).
Play the Devil; A History of Gambling in the United States from 1492 to
1955. (New York, NY: C.N. Potter, 475 p.). Gambling --United
States.
Charles T. Clotfelter and Philip J. Cook (1989).
Selling Hope:
State Lotteries in America (Cambridge, MA: Harvard University Press,
323 p.). Lotteries--United States--States; Lotteries--Government
policy--United States--States.
Sally Denton and Roger Morris (2001).
The Money and the Power: The
Making of Las Vegas and Its Hold on America, 1947-2000 (New York,
NY: Knopf, 479 p.). Celebrities--Nevada--Las Vegas--History--20th
century; Politicians--Nevada--Las Vegas--History--20th century;
Organized crime--Nevada--Las Vegas--History--20th century; Political
corruption--United States--History--20th century; Las Vegas
(Nev.)--Civilization--20th century; Las Vegas (Nev.)--Economic
conditions--20th century; Las Vegas (Nev.)--Biography.
Pete Earley (2000).
Super Casino: Inside the "New" Las Vegas.
(New York, NY: Bantam Books, 386 p.). Gambling--Nevada--Las Vegas;
Casinos--Nevada--Las Vegas; Las Vegas (Nev.)--Description and travel;
Las Vegas (Nev.)--History--20th century.
John Samuel Ezell (1960). Fortune's Merry Wheel, The Lottery in
America. (Cambridge, MA: Harvard University Press, 331 p.).
Lotteries--United States.
William L. Fox (2005).
In the Desert of Desire: Las Vegas and the Culture of Spectacle.
(Reno, NV: University of Nevada Press, 186 p.). Popular
culture--Nevada--Las Vegas; Arts--Nevada--Las Vegas; Art
museums--Nevada--Las Vegas; Zoos--Nevada--Las Vegas; Dance
companies--Nevada--Las Vegas; Las Vegas (Nev.)--Cultural policy; Las
Vegas (Nev.)--Civilization. City’s most important collections of art and
exotic fauna are presented in the context of casino entertainment -
future of the arts in America?
Thomas M. Kavanagh (2005).
Dice, Cards, Wheels: A Different History of French Culture.
(Philadelphia, PA: University of Pennsylvania Press, 251 p.).
Gambling--France--History; Gambling in literature.
Dwayne Kling; foreword by Rollan Melton (2000).
The Rise of the
Biggest Little City: An Encyclopedic History of Reno Gaming, 1931-1981.
(Reno, NV: University of Nevada Press, 226 p.).
Gambling--Nevada--Reno--History; Gambling--Economic
aspects--Nevada--Reno; Casinos--Nevada--Reno--History.
Oscar Lewis (1953).
Sagebrush Casinos; The Story of Legal
Gambling in Nevada. (Garden City, NY: Doubleday, 256 p.).
Gambling--Nevada.
Stephen Longstreet (1977).
Win or Lose: A Social History of
Gambling in America. (Indianapolis, IN: Bobbs-Merrill, 268 p.).
Gambling--United States--History; Gamblers--United States--History;
Gamblers--Psychology.
Timothy L. O'Brien (1998).
Bad Bet: The Inside Story of the
Glamour, Glitz and Danger of America's Gambling Industry. (New York,
NY: Times Books, 339 p.). Gambling; Compulsive gambling.
William Poundstone (2005).
Fortune's Formula: The Untold Story of the Scientific Betting System
That Beat the Casinos and Wall Street. (New York, NY: Hill &
Wang, 400 p.). Shannon, Claude Elwood, 1916- ; Gambling;
Gambling--History; Gambling--Mathematical models.
Mathematics applied to gambling and trading.
David G. Schwartz (2006).
Roll the Bones: The History of Gambling. (New York, NY: Gotham
Books, 592 p.). Professor of History, Coordinator of Gaming Studies
Research Center (University of Nevada-Las Vegas). Gambling--History.
Global history of gambling - how it has evolved
with-and influenced-civilizations around the world, from the earliest
cultures to the modern day, how the major games such as poker, craps,
and roulette developed.
John L. Smith (2005).
Sharks in the Desert: The Founding Fathers and Current Kings of Las
Vegas. (Fort Lee, NJ: Barricade Books, 320 p.).
Gambling--Nevada--Las Vegas; Casinos--Nevada--Las Vegas; Organized
crime--Nevada--Las Vegas; Businessmen--Nevada--Las Vegas; Central
business districts--Nevada--Las Vegas; City planning--Nevada--Las
Vegas. Profiles of casino owners, gambling
empire builders.
University of Nevada Las Vegas, International Gaming Institute,
(1996).
The Gaming Industry: Introduction and Perspectives (New
York, NY: Wiley, 270 p.). Casinos--United States--Management;
Gambling--United States.
Ed. Denise von Herrmann (2006).
Resorting to Casinos: The Mississippi Gambling Industry.
(Jackson, MS: University Press of Mississippi, 182 p.). Associate
Professor of Political Science (University of Southern Mississippi).
Casinos--Mississippi. Effects of growth of resort casino industry on
the politics, culture, people of Mississippi.
Douglas M. Walker Walker (2007).
The Economics of Casino Gambling. (New York, NY: Springer, 207
p.). Casinos--Economic aspects--United States; Gambling--Economic
aspects--United States. Social and
economic costs, benefits of legalized gambling: possible source
of additional tax revenue; purported to spur economic growth; does casino expansion
"cannibalize" other industries, having no net effect?
________________________________________________________
Business History Links
Center for Gaming Research
http://gaming.unlv.edu
Hub for the scholarly analysis of gambling and gaming issues. The
Gaming Collection is the repository of record for the commercial
casino industry; we preserve and make accessible company documents,
state publications, and other important resources.
Gaming: Selected Internet Resources http://library.nevada.edu/subjects/gaming_internet.html
A directory of general resources on gambling plus links to national,
state, and local commissions, boards, and lotteries; Indian gaming;
organizations, including some that address gambling addiction;
historical and legal sites; corporations that operate casinos or
manufacture gaming equipment; academic and scholarly sites; and
periodicals. From the University of Nevada Las Vegas Libraries.
Subjects: Gambling.
UNLV International Gaming Institute
http://www.unlv.edu/Research_Centers/International_Gaming_Institute/ Created in 1993 in response to the need for increased educational
programs and research initiated by the incredible growth of the gaming
industry. Gaming education has been an integral part of the hospitality
curriculum at UNLV since the creation of the college in 1967. The IGI
provides a focal point for the study of gaming and industry research and
the success of the college has been enhanced by the success of the
Institute’s programs.