The Game
N. Richard Werthamer ()
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N. Richard Werthamer: University of New York
Chapter Chapter 1 in Risk and Reward, 2009, pp 3-8 from Springer
Abstract:
Abstract Casino gambling has been booming steadily for decades throughout the world. In the USA, from a time before the 1930s when casinos were illegal everywhere, they have grown in number and in popularity. Legalized initially in Nevada, they took off after World War II, particularly in Las Vegas and Reno, then around Lake Tahoe. Regulated casinos later mushroomed in Puerto Rico and, beginning in the 1970s, in Atlantic City, New Jersey. Casinos then sprang up on river boats in parts of the Midwest and South. More recently, American Indian tribes have been using their distinctive legal status to develop casinos on their reservations, especially in Connecticut (the largest anywhere in the world) but also in Illinois, California, Washington, and elsewhere. Older casinos in Las Vegas have even been bulldozed and replaced by much larger and grander ones. In almost every instance, each new casino has stimulated another increment in the public’s interest. Total casino gaming revenue has risen year after year, into the tens of billions of dollars in the USA alone, with little evidence of saturation.
Keywords: Casino Gambling; Casino Game; Table Game; Split Pair; Casino Employee (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4419-0253-5_1
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DOI: 10.1007/978-1-4419-0253-5_1
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