Charles Fay invented the slot machine in his workshop in San Francisco in 1887 and he named it the Liberty Bell. The Liberty Bell contained 3 reels with 20 symbols per reel and operated pretty much in the same way as today’s slot machines except it was completely mechanical, while todays slot machines are mostly computers with very few moving parts. Fay rented the slot machines to gambling establishments and refused to sell the manufacturing and distribution rights to his slot machines. He had a very lucrative business and charged a 50% commission of all money played. Within a relatively short period of time, Fay’s invention was so successful that he began to work overtime in his workshop to meet the demand for his slot machines.
Herbert Mills, in 1907, a Chicago manufacturer created a slot machine very similar to Fays ‘Liberty Bell’ and named it the ‘Operator Bell’. Mills produced and distributed his slot machine at a higher rate than Fay’s ‘Liberty Bell’, and experienced even greater success by 1910. The ‘Operator Bell’ slot machines were very common in the United States of America. The slot machine...