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The Las Vegas Valley has the biggest concentration of casinos within the United States. Based on income, Atlantic City, New Jersey, ranks second, and the Chicago area third. The archipelago of Malta is a particularly famous place for casinos, standing out mainly with the historic casino situated at the princely residence of Dragonara. Its name comes from the Dragonara Point, the peninsula where it’s built. The exact origin of gambling is unknown, however it is believed to have existed in almost each society in historical past. The first recognized European gambling home, the Ridotto , was established in Venice, Italy, in 1638 to provide controlled gambling during the carnival season.