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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.
The Las Vegas Strip is a stretch of Las Vegas Boulevard in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about 4.2 mi (6.8 km) long, and is immediately south of the Las Vegas city limits in the unincorporated towns of Paradise and Winchester, but is often referred to simply as "Las Vegas".
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.
Robert Edward Stupak was a Las Vegas casino owner and entrepreneur. He was also a poker player, winning titles at the World Series of Poker and the Super Bowl of Poker. He also competed on the World Poker Tour, and various other tournaments, as well as cash games, including High Stakes Poker on GSN. He once played a computer for half a million dollars and won.
Sheldon Gary Adelson was an American businessman, investor, political donor, and philanthropist. He was the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which owns the Marina Bay Sands in Singapore, and the parent company of Venetian Macao Limited, which operated The Venetian Las Vegas and the Sands Expo and Convention Center before selling the properties in early 2022. He owned the Israeli daily newspaper Israel Hayom, the Israeli weekly newspaper Makor Rishon, and the American daily newspaper the Las Vegas Review-Journal.
Brian Molony is a Canadian self-admitted former compulsive gambler from Toronto, known for embezzling millions from the Canadian Imperial Bank of Commerce (CIBC), the second-largest bank in Canada.
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 in 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.
Bourbon Street Hotel and Casino was a small hotel and casino near the Las Vegas Strip in Paradise, Nevada. Opening in 1980 as the Shenandoah Hotel, the property was plagued with licensing and financial difficulties from the start. Ownership changed hands several times, with new proprietors often envisioning major renovations or redevelopment, but none of the plans came to fruition. Finally, in 2005, it was bought by Harrah's Entertainment, who closed and demolished it.
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 lure 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.
Caesars World Inc. was a hotel and casino operator. It began as Lum's Inc., owner of the Lum's chain of restaurants. It shifted into the gaming business with the purchase of Caesars Palace on the Las Vegas Strip in 1969, selling off the restaurants and changing its name. Caesars grew to eight casinos and resorts over the years, until going through a series of ownership changes beginning in 1995 and was ultimately absorbed by Park Place Entertainment in 1999.
Oriental Trading Company is a direct merchant of value-priced party supplies, arts and crafts, toys, novelties, and school supplies. It was founded in 1932 as one of the United States' first wholesaling companies. Oriental Trading has been recognized as one of the top 100 Internet retailers and one of the top 50 catalog companies by the National Retail Foundation's STORIES magazine. It is based in Omaha, Nebraska, and is owned by Berkshire Hathaway. Alternative known names for Oriental Trading Company include "Oriental Trading" & "OTC".
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.
Lorenzo Joseph Fertitta is an American billionaire businessman and philanthropist. He is chairman of Fertitta Capital, director of Red Rock Resorts Inc, and former CEO of the Ultimate Fighting Championship.
Anargyros Nicholas Karabourniotis, commonly known as Archie Karas, is a Greek-American gambler, high roller, poker player, and pool shark famous for the largest and longest documented winning streak in casino gambling history, simply known as The Run, when he drove to Las Vegas with $50 in December 1992 and then turned a $10,000 loan into more than $40 million by the beginning of 1995, only to lose it all later that year. Karas himself claims to have gambled with more money in casinos than anyone else in history and has often been compared to Nick the Greek, another high-stakes gambler of Greek origin.
High Roller is a 550-foot tall (167.6 m), 520-foot (158.5 m) diameter giant Ferris wheel on the Las Vegas Strip in Paradise, Nevada, United States. Owned and operated by Caesars Entertainment, it opened to the public on March 31, 2014 as the world's tallest Ferris wheel. It is 9 ft (2.7 m) taller than the 541-foot (165 m) Singapore Flyer, which had held the record since 2008. Since October 2021 it is the world's second tallest Ferris wheel after Ain Dubai; however, since the latter’s closure in March 2022, High Roller has resumed its reign as the tallest operational Ferris wheel.
William Lee Bergstrom, commonly known as The Suitcase Man or Phantom Gambler, was a gambler and high roller known for placing the largest bet in casino gambling history at the time, amounting to $777,000 at the Horseshoe Casino, which he won. Bergstrom returned to the Horseshoe three years later in 1984 and placed several additional bets, including a $1 million bet which he lost.
Caesars Palace is a luxury hotel and casino in Paradise, Nevada, United States. The hotel is situated on the west side of the Las Vegas Strip between Bellagio and The Mirage. It is one of Las Vegas's largest and best known landmarks.
Steven Cyr is Senior Player Development Executive at the Ellis Island Casino & Brewery. He also works as an independent casino host at casinos outside of Las Vegas.
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.
Ausaf Umar Siddiqui also known as Omar Siddiqui, is a Pakistani-American former corporate executive who was a vice president of Fry's Electronics. He is known to have gambled over $162 million in Las Vegas from 2005 to 2008 after embezzling money from his employer through money-laundering and wire fraud. He pled guilty and declared bankruptcy in 2011 after remaining listed as $137 million in debt.
References
- ↑ "Metro/Region". Omaha.com. Archived from the original on 2013-01-30. Retrieved 2010-09-28.
- 1 2 Berzon, Alexandra (December 5, 2009). "The Gambler Who Blew $127 Million". Wall Street Journal. Retrieved 2011-02-09.
- ↑ Riedel, David (2010-05-26). "Gambling Philanthropist Loses More Than $200 Million". CBS News. Retrieved 3 October 2019.
- ↑ Weisenthal, Joe (December 6, 2009). "Meet The Man Who Blew $127 Million And Most Of His Family's Fortune Gambling In Vegas". Business Insider . Retrieved November 20, 2018.
- ↑ Sheldon, David (14 July 2018). "What Happens to the Biggest Gambling Losers?". Casino.org. Retrieved 9 September 2019.
- ↑ Guill, James (2013-09-27). "Poker's Greatest All-Time Whales: Terrance Watanabe". Pokerlistings. Retrieved 9 September 2019.
- ↑ Pempus, Brian (2013-03-21). "Caesars Fined $225K Over Not Kicking Out Belligerent High-Roller On Historic Losing Streak". cardplayer.com. Retrieved 9 September 2019.
- ↑ Conneller, Philip (2022-09-16). "Biggest Las Vegas Loser Terry Watanabe Will Be Subject of Film". Casino.org. Retrieved 2023-04-05.
- ↑ Grobar, Matt (2022-09-15). "Foundation Media Partners Secures Book, Film & Doc Rights To Story Of Las Vegas' Biggest High Roller Terry Watanabe". Deadline. Retrieved 2023-04-05.