However as you might expect in a gambling city, there is the occasional winner.
In fact, the chairman might have been more popular in the gambling city of Macau than in the financial center in Hong Kong.
The mayor of New Orleans, Ray Nagin, said yesterday that to help revive his city's economy he'd like to expand casino gambling in the city's major hotels.
Further South, gambling in Atlantic City will be suspended over the weekend as New Jersey braces itself for Irene.
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Nagin would also have to get approval from the state and make a deal with Harrah's casino, which right now has an exclusive on gambling in the city.
And although the Hong Kong stockmarket is way down, turnover is actually up at the Jockey Club, the only legal gambling outlet in the city.
He thinks that Blackpool should aim for the plushness of Las Vegas but develop the town on the lines of America's other gambling Mecca, Atlantic City.
The consultants he has hired to create his wildlife park were responsible for South Africa's Pilanesberg National Park, the game reserve attached to the resort and gambling complex of Sun City.
In the popular US gambling destination of Atlantic City, New Jersey state law prevents casinos from barring card counters, while in the state of Nevada, home to the quintessential gaming city Las Vegas, no such law exists, so they can ask card counters to stop playing, or in extreme cases, ban them.
But the city also demonstrates how gambling, as a business and source of revenue, tends to plateau.
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Advocates also argue that gambling could help to diversify the city's economy.
Sandy flats lie to the east, west and south, with empty lots jutting up against halted new construction, gambling mainstays and the crumbling inner city.
On a typical race day, in a city of seven million people, the Hong Kong Jockey Club the city's sole licensed gambling outfit since 1973 processes six million bets.
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News of the donation came as Mr. Cuomo announced Monday that casino developers would compete to build a gambling hall in or around New York City, now that the Genting deal for the Aqueduct project had collapsed.
During the investigation, there were allegations that Donaghy was gambling - not on sports - in Atlantic City, N.
Enticed conventioneers to Sin City midweek, took emphasis off gambling.
Together these interlopers built their own cities within the city, block after block of gambling parlors and opium dens and brothels where inmates dangled bare breasts from windows and did unspeakable things with animals.
An obvious difference between modern gangsterism and its pre-revolutionary counterpart is that few gangs today are known by names unlike the famous Green Gang, a powerful force in pre-communist Shanghai, or Chongqing's Robed Brothers, who controlled the city's opium trade and gambling.
Sunshine Flint's "Vegas glitz without the gambling" looks beyond the craps table at the city's newest high-end options for dinner, nightlife and spa pampering.
All of these offer a huge array of accommodations, restaurants and gambling options, but none retain much of the old Atlantic City flavour.
When it does, it will quickly become one of the largest employers in the city probably why voters there approved the gambling bill, overwhelmingly.
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After all, one of the joys of online gambling is that you do not have to go to Atlantic City or Las Vegas to play.
Though gambling is down, the mayor is delighted that the numbers visiting the city have not fallen off very much.
The tiny city next door to Hong Kong is Asia's capital of gambling and decadent fun.
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Stern said the league contacted every casino in Atlantic City and Las Vegas and found no evidence Donaghy was involved in gambling.
The Chinese government strictly controls gambling licenses so the problems that hit Las Vegas with over-supply and competition from Atlantic City and Indian casinos are not an issue.
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Lanni, one of the canniest financial minds in Vegas and steward of the number two gambling company in the world, will break ground later this year on the biggest and most ambitiously different property Sin City has ever seen: CityCenter.
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