MICRO CHAP 6

the precise origin of gambling is still unknown

• True

• False

A public gambling house was legalized for the first time in 1626 in _____

• Paris, France

• London, England

• Venice, Italy

• Amsterdam, Netherlands

There are Chinese records that date the first official account of the practice as far back as the

• fifth century B.C.

• first millennium B.C.

• fourth millennium B.C.

• third millennium B.C.

The gaming entertainment business has its roots in

• Las Vegas

• Atlantic City

• New Jersey

• Hawaii

Las Vegas is rich with tales of

New Jersey voters in _____ approved casino gambling for Atlantic City

• 1972

• 1976

• 1980s

• 1970

Only two states do not permit some form of gambling

• Utah

• Texas

• Hawaii

• Missouri

• - Provides framework for games

• - Defines different “classes” of gaming

• - Today there are 354 gaming facilities on reservation lands in 28 states, and Native American gaming has been the fastest-growing sector of casino gaming in the United States

The gaming entertainment industry pays billions of dollars per day in gambling privilege taxes to state governments

• True

• False

Casino gaming companies pay an average of ____ of total revenues in taxes

• 8%

• 18%

• 20%

• 12%