Casino

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Nevada: The Birthplace - The History of Modern Gaming

Since Nevada's inception into statehood in 1864, the state's lawmakers have passed legislation that directly impacts gambling on eight separate occasions. Four of these bills enacted laws that either restricted or prohibited gambling altogether, and the other four enacted laws that permitted some form. of gambling. Regardless of the laws in effect, gambling has always been an integral part of Nevada's history.

The Wide Open Gambling Bill - The History of Modern Gaming

Two events subsequently occurred that would dramatically affect Nevada gambling. The first to occur was the stock market crash of October 29, 1929, which was appropriately called “Black Tuesday.” The second event was the funding of the Hoover Dam project by the U.S. Congress only three months following the crash. These two events provided the impetus for the introduction and subsequent passage of Assembly Bill 98, which is better known as the Wide Open Gambling Bill.

The Bull Pen Casino - The History of Modern Gaming

If gambling is legal in the state, why shouldn't it be legal within the walls of the state prison in Carson City? As unlikely as this sounds, gambling was to be a recreational activity made available to prison inmates. In 1932, the Bull Pen Casino opened in the Carson City prison and was operated by inmates, who were allowed to keep their profits. Naturally, the casino customers were all inmates as well.

Big-time Gambling -The History of Modern Gaming

During the early years, little or no attempt was made to market the casinos. This was to change when in 1935 Raymond Smith and his son Harold came to Nevada. With an investment of only $500, Raymond Smith opened Harold's Club in Reno (Greenlees, 1988). Only 20 feet wide at first, Harold's Club grew and during the 1970s claimed the title as the largest casino in Nevada.

The Birth Of The Las Vegas Strip - The History of Modern Gaming

During the years 1935 through 1946, northern Nevada was the center of gambling. During this same period, the gaming industry in Las Vegas was growing in size and importance. In 1940, Clark County, which includes the city of Las Vegas, had a population of only 16,414 people. Just two years later, the population had skyrocketed to 34,247, which represented an increase of over 100%.

Casino Management

One of the keys to a casino's success is the effectiveness of the management team. The organization and experience of the team has a direct impact on the casino operation's profitability, so it's only fitting to examine management and how it is organized in a casino.

Bugsy - The History of Modern Gaming

When the “Wide Open Gambling Bill” was passed in 1931, betting on horse races and sporting events was not legalized. The amendment legalizing wagering on these events did not come until ten years later. When casinos were first allowed to offer betting on horse races, no method was established for the legal casinos to determine the outcome of races and how much the winning horses paid. Trans-America wire service,

Slot Management in Casino

Slots
In the past, table games were king of the casino. Nowadays, slots are the dominating force. Roughly 50 percent of the total casino win comes from slot machines, and in Nevada, slots are responsible for generating more than 67 percent of the total casino win.

HOWARD HUGHES -The History of Modern Gaming

Texas millionaire Howard Hughes came to Las Vegas in 1966 and immediately began to purchase casinos. Hughes owned 100% of Hughes Tool Company, which was an oilfield supply company founded by Hughes’ father, who had patented a rotor bit used in the drilling of oil wells. Before coming to Las Vegas, Hughes had owned RKO Studios and a major interest in TransWorld Airlines. He was a well-known and respected businessman. His entry into gambling legitimized the industry and gave it a much-needed perception of respectability.

Modern-Day Las Vegas - The History of Modern Gaming

Las Vegas has grown into a city where tower cranes used for constructing high-rise buildings are as common a sight as neon lights. The building boom that began with Bugsy Siegel has continued with only slight interruptions. The last few years in Las Vegas have seen the construction of themed mega-resorts, best exemplified by properties such as the Bellagio, the Venetian, The Mirage, Mandalay Bay, New York-New York, MGM Grand, and the Luxor.