A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shops, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports.
Casino chips are small discs used as currency in casinos. Larger, rectangular gaming plaques may be used for high-stakes games. Poker chips are also widely used as play money in casual or tournament games, are of numismatic value to casino chip collectors, or may be kept as souvenirs.
Card counting is a blackjack strategy used to determine whether the player or the dealer has an advantage on the next hand.
Harrah's Entertainment was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gambling company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment.
The MIT Blackjack Team was a group of students and ex-students. The students were from Massachusetts Institute of Technology, Harvard University, and other leading colleges; they used card counting techniques and more sophisticated strategies to beat casinos at blackjack worldwide. The team and its successors operated successfully from 1979 through the beginning of the 21st century. Many other blackjack teams around the world have been formed with the goal of beating the casinos.
Russ Hamilton is an American poker player. He was the 1994 World Series of Poker main event champion, defeating Hugh Vincent in heads-up play to win $1 million in first-prize money as well as his body weight in silver. Following his World Series win, Hamilton served as a consultant for Ultimate Bet, an online poker server. In 2008, the Kahnawake Gaming Commission found Hamilton largely responsible for cheating players on Ultimate Bet out of $6.1 million through software that allowed access to opponents' hole cards. In 2009, Kahnawake increased the $6.1 million estimate to $22,100,000.
Cheating in casinos refers to actions by the player or the house which are prohibited by regional gambling control authorities. This may involve using suspect apparatus, interfering with apparatus, chip fraud or misrepresenting games. The formally prescribed sanctions for cheating depend on the circumstances and gravity of the cheating and the jurisdiction in which the casino operates. In Nevada, for a player to cheat in a casino is a felony under Nevada law. In most other jurisdictions, specific statutes do not exist, and alleged instances of cheating are resolved by the gambling authority who may have more or less authority to enforce its verdict.
The Linq is a casino hotel on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by Caesars Entertainment. It opened as the Flamingo Capri on October 30, 1959, on property located directly north of the original Flamingo resort. The Flamingo Capri was a 180-room motel, owned by George E. Goldberg and Flamingo employee Bill Capri.
"Black Book" is the nickname frequently used to refer to a list of people who are unwelcome in casinos. The name comes from the fact that the people listed are essentially blacklisted. The term can refer either to such a list officially maintained by a particular gaming control board or to the Griffin Book, whose information is shared among subscribing casinos. According to technologist Jeff Jonas, "Casinos face legal and financial risk if they let the wrong people play. People with gambling addictions can place themselves on exclusionary lists, and can actually sue casinos if they are allowed to place bets."
A high roller, also referred to as a whale or cheetah, is a gambler who consistently wagers large amounts of money. High rollers often receive lavish "comps" from casinos to entice them onto the gambling floors, such as free private jet transfers, limousine use and use of the casinos' best suites. Casinos may also extend credit to a player to continue betting, offer rebates on betting turnover or losses, and salaries of employees may also contain incentive arrangements to bring in high rollers.
Thomas Hyland is an American professional blackjack player and a 2002 inductee to the Blackjack Hall of Fame. Hyland studied political science at Wittenberg University in Springfield, Ohio. Since 1979, he has been recognized for his role in forming and managing two blackjack teams. Hyland is also a card counting expert.
James Grosjean is a gambling expert and author best known for his 2000 book Beyond Counting: Exploiting Casino Games from Blackjack to Video Poker. He became a professional player while studying as a graduate student at the University of Chicago's Department of Economics. Grosjean's book provides a mathematical treatment of various forms of legal advantage play in casino games. His latest book, Exhibit CAA: Beyond Counting provides information for playing modern casino games with an advantage.
The Blackjack Hall of Fame honors the greatest blackjack experts, authors, and professional players in history. It was launched in 2002, and its physical premises are in San Diego, California.
Blackjack Forum was a trade journal for professional blackjack players, founded in 1981 and published by Arnold Snyder. Originally a 100-page quarterly journal, it expanded into an online forum which is frequented by professional gamblers, attorneys, industry people, mathematicians, and other aficionados. Along with Stanford Wong's Current Blackjack News, it was considered one of the major newsletters for the blackjack market.
Peter A. Griffin was an American mathematician, author, and blackjack expert and is one of the original seven members of the Blackjack Hall of Fame. He authored The Theory of Blackjack, considered a classic analysis of the mathematics behind the game of casino 21.
Advantage gambling, or advantage play, refers to legal methods used to gain an advantage while gambling, in contrast to cheating. The term usually refers to house-banked casino games, but can also refer to games played against other players, such as poker. Someone who practices advantage gambling is often referred to as an advantage player, or AP. Unlike cheating, which is by definition illegal, advantage play exploits innate characteristics of a particular game to give the player an advantage relative to the house or other players. While not illegal, advantage play may result in players being banned by certain casinos.
Park Place Entertainment, later named Caesars Entertainment, Inc., was a casino company based in Paradise, Nevada. For a time it was the largest casino operator in the world. It was formed in 1998 as a corporate spin-off of the gaming division of Hilton Hotels, and renamed as Caesars Entertainment in 2003. The company was acquired in 2005 by Harrah's Entertainment, which later took on the Caesars Entertainment name.
Bally Manufacturing, later renamed Bally Entertainment, was an American company that began as a pinball and slot machine manufacturer, and later expanded into casinos, video games, health clubs, and theme parks. It was acquired by Hilton Hotels in 1996.
William T. Walters is an American entrepreneur, philanthropist, New York Times best-selling author, and one of the most successful American sports bettors of all time, having a winning streak which extended over 30 years. Walters was convicted of insider trading and received a 5-year prison sentence, later commuted.
Colin Jones is a Blackjack card-counting expert, teacher, and entrepreneur. He was a founder and manager of The Church Team, a successful Blackjack card-counting team based in Seattle, Washington, which won approximately 3.2 million dollars from casinos between 2006 and 2011. Jones is featured prominently in the 2011 award-winning documentary, Holy Rollers: The True Story of Card Counting Christians. He owns the website Blackjack Apprenticeship and holds regular Blackjack boot camps in Las Vegas.
