Misdeal on Internet poker gambling
Misdeal on Internet poker gambling (via The Christian Science Monitor)
Many lawmakers in Washington and a few states are eager to approve Internet gambling. But to make it politically palatable, they are first pushing only for online poker. Why that card game and not, say, blackjack? Because, they claim, poker is mainly a game of skill. Their argument received a boost…
JP Morgan: They’re gambling with YOUR money
JP Morgan: They’re gambling with YOUR money (via Red Green & Blue)
Why is gambling illegal? Because the lure of easy money is a powerful inducement to do things that are stupid. We saw that in spades earlier this month, as JP Morgan ‘fessed up to the banking equivalent of dropping $2 billion dollars on stupid bets at the racetrack. The siren song of easy money…
Macau gambling revenue hits record $38 bn in 2012
Macau gambling revenue hits record $38 bn in 2012 (via AFP)
Macau’s gambling revenue jumped 13.5 percent to a record $38 billion in 2012, official figures showed Wednesday, despite the pace of growth in the world’s largest gaming hub slowing from a year earlier. Gaming revenue rose to 304.14 billion patacas from 267.87 billion patacas in 2011, according to…
