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Breaking The Bank
In gaming, breaking the bank refers to a player winning a critical sum of money from the casino. The literal, extremely rare, situation of breaking the bank, is winning more than the house has on hand. The term can also be used for the act of winning more chips than there are at the table. Another situation of it portrayed in fiction is a situation where a gambler will win more money than the casino owns, forcing the casino out of business, and winning the casino itself as a prize. In blackjack, card counting can facilitate a winning streak that eventually breaks the bank. Mark Bowden reports in ''The Atlantic'' that blackjack player Don Johnson broke the bank in 2011 winning nearly $6 million at Atlantic City's Tropicana casino after previously taking the Borgata for $5 million and Caesars for $4 million. The Tropicana refused to continue playing with Johnson on the terms the casino had negotiated after Johnson won $5.8 million, the Borgata cut Johnson off at $5 million, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackjack Board
Blackjack (formerly Black Jack and Vingt-Un) is a casino game, casino banking game. The most widely played casino banking game in the world, it uses Playing card, decks of 52 cards and descends from a global family of casino banking games known as Twenty-One (card game), Twenty-One. This family of card games also includes the British game of Pontoon (card game), Pontoon, the European game, Vingt-et-Un and the Russian game :ru:Очко_(игра), Ochko. Blackjack players do not compete against each other. The game is a comparing card game where each player competes against the dealer. History Blackjack's immediate precursor was the English version of ''Twenty-One (card game), twenty-one'' called ''Vingt-Un'', a game of unknown (but likely Spanish) provenance. The first written reference is found in a book by the Spanish author Miguel de Cervantes. Cervantes was a gambler, and the protagonists of his "Rinconete y Cortadillo", from ''Novelas Ejemplares'', are card cheats in Sevill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Don Johnson (gambler)
Don Johnson (born 1962) is a professional blackjack hustler and former corporate executive who beat Atlantic City casinos for over $15 million during a six-month period in 2011. Gambling At age 30, Johnson was hired to manage Philadelphia Park, a racetrack that evolved into the Parx Casino. After managing that and other racetracks, he served as a state regulator in Oregon, Idaho, Texas, and Wyoming. In the early 2000s, he founded Heritage Development, a Wyoming-based company that uses computer-assisted wagering programs for horse racing. During the financial crisis of 2008, casinos became desperate to entice high rollers. In 2010, Johnson was made offers to play at the highest stakes. He negotiated several changes to standard casino blackjack in order to gain a mathematical edge. These changes included dealers being forced to stay on soft 17, a 20% rebate where casino would refund 20% of his losses (20 cents to every dollar) for losses exceeding $500,000, six decks, re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Warning
A profit warning is a warning declaration issued by a listed company to investors through a stock exchange. It warns investors that the profit of the company in the coming quarter will significantly decline when compared with that of the same quarter of previous year, or the company may even make a loss. Investors should be aware of the possible loss when buying or selling its stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company .... For example, William Hill Bookmakers issued a profit warning on 23 March 2016 which they attributed to "a bad run of results and customers imposing betting limits on themselves". Company share prices often fall following a profit warning being issued. Sometimes, "profit warning" is considered to be a neutral term and it refers to "estimated results imp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanley Leisure
Stanley Leisure is a British casino firm. History The company was founded in the 1950s as a bookmakers in Belfast. It was originally run by Leonard Steinberg, Baron Steinberg. In 1977, Steinberg moved the business to Liverpool after an attempted assassination by the Provisional IRA The Irish Republican Army (IRA; ), also known as the Provisional Irish Republican Army, and informally as the Provos, was an Irish republicanism, Irish republican paramilitary organisation that sought to end British rule in Northern Ireland, fa ... over protection money. In 2004, Steinburg sold half of his shares to the Malaysian company Genting; Steinberg retained a 12.2% stake. In 2005, William Hill agreed to buy 624 betting shops from Stanley Leisure for £504 million. References Gambling companies of the United Kingdom 2006 mergers and acquisitions {{UK-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Birmingham
Birmingham ( ) is a city and metropolitan borough in the metropolitan county of West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1.145 million in the city proper, 2.92 million in the West Midlands metropolitan county, and approximately 4.3 million in the wider metropolitan area. It is the largest UK metropolitan area outside of London. Birmingham is known as the second city of the United Kingdom. Located in the West Midlands region of England, approximately from London, Birmingham is considered to be the social, cultural, financial and commercial centre of the Midlands. Distinctively, Birmingham only has small rivers flowing through it, mainly the River Tame and its tributaries River Rea and River Cole – one of the closest main rivers is the Severn, approximately west of the city centre. Historically a market town in Warwickshire in the medieval period, Birmingham grew during the 18th century during the Midla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Newey
Paul Newey (born 6 September 1968) is an English businessman and semi-professional poker player from Dorset, England who co-founded Ocean Finance and later New Wave Ventures. Career In 1991, Newey co-founded Ocean Finance, a loan and mortgage business, in Staffordshire, United Kingdom. He sold the company in 2006 and left his CEO position in 2009. He later co-founded New Wave Ventures a privately owned investment fund located at Adam House in London. Newey has made the ''Birmingham Post'' rich list in 2013, 2015 and 2017 ranking 28th, 17th and 20th respectively. At the end of 2017 his net worth was estimated at $335 million. Gambling Newey is an avid gambler. On 4 January 2005 Newey nearly broke the bank at Birmingham's Genting Casino Star City where he won £3 million and forced owner Stanley Leisure to issue a profit warning. The casino value declined by 12% as a result of Newey's win. Newey lost his winnings later that month. In 2014, Newey won four times at the $5,000- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Atlantic
''The Atlantic'' is an American magazine and multi-platform publisher. It features articles in the fields of politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 in Boston, as ''The Atlantic Monthly'', a literary and cultural magazine that published leading writers' commentary on education, the abolition of slavery, and other major political issues of that time. Its founders included Francis H. Underwood and prominent writers Ralph Waldo Emerson, Oliver Wendell Holmes Sr., Henry Wadsworth Longfellow, Harriet Beecher Stowe, and John Greenleaf Whittier. James Russell Lowell was its first editor. In addition, ''The Atlantic Monthly Almanac'' was an annual almanac published for ''Atlantic Monthly'' readers during the 19th and 20th centuries. A change of name was not officially announced when the format first changed from a strict monthly (appearing 12 times a year) to a slightly lower frequency. It was a mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Bowden
Mark Robert Bowden (; born July 17, 1951) is an American journalist and writer. He is a national correspondent for ''The Atlantic''. He is best known for his book ''Black Hawk Down (book), Black Hawk Down: A Story of Modern War'' (1999) about the 1993 U.S. military raid in Mogadishu, Somalia. It was adapted as Black Hawk Down (film), a motion picture of the same name that received two Academy Awards. He is also known for ''Killing Pablo, Killing Pablo: The Hunt for the World's Greatest Outlaw'' (2001) about the efforts to take down Pablo Escobar, a Colombian drug lord. Early life Born in 1951 in St. Louis, Missouri; Bowden is a 1973 graduate of Loyola University Maryland. While he was at college, he was inspired to embark on a career in journalism by reading Tom Wolfe's book ''The Electric Kool-Aid Acid Test''. He currently lives in Kennett Square, Pennsylvania, the Mushroom Capital of the World. Career From 1979 to 2003, Bowden was a staff writer for ''The Philadelphia Inqui ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winning Streak (sports)
A winning streak, also known as a win streak or hot streak, is an uninterrupted sequence of success in games or competitions, commonly measured by at least 4 wins that are uninterrupted by losses or ties/draws. Although sometimes claimed as a winning streak by those unaccustomed to winning, simply winning two games in a row is most definitely not a win streak. In sports, it can be applied to teams, and individuals. In sports where teams or individuals represent groups such as countries or regions, those groups can also be said to have winning streaks if their representatives win consecutive games or competitions, even if the competitors are different. Streaks can also be applied to specific competitions: for example, a competitor who wins an event in three consecutive Olympic Games has an Olympic winning streak, even if they have lost other competitions during the period. Longest streaks The longest (in terms of time) recorded winning streak in any professional sports is Sp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
