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  History of Casino in Las Vegas: In 1905 Las Vegas was founded, a small town that was just established as a stopover for trains travelling between Las Angeles and Salt Lake City. Gambling remained outlawed but there were some underground casinos that still operated. L as Vegas is  widely city where casino gambling is legal . Ever since gambling was legalized within the city back in 1931. In 1946  The first luxury hotel-casino on the Strip opens when notorious gangster Bugsy Siegel opens the Pink Flamingo. It was re-named the Flamingo Las Vegas in 2000. Siegel was murdered in 1947, but his vision for Las Vegas lived on: During the 1950's and 1960's, mobsters helped build the Sahara, the Sands, the New Frontier and the Riviera. Money from organized crime combined with funds from more respectable investors—Wall Street banks, union pension funds, the Mormon Church and the Princeton University endowment. Tourists flocked to the resorts—8 million a year by 1954—drawn by perfor...