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Table Limit
The table limit is the minimum and maximum bet that a gambler can make at a gaming table. It is a form of yield management in that the limits can be changed to optimize the profit from a gaming table. Gaming tables have a limited resource to sell: the seats used by the players. Minimum table limits Table limits can also be used to manage, in a limited manner, who plays at tables. A casino that wants to project a more exclusive image can set the limits higher so that the casual player walking through would not be as likely to sit down and play. Also games with a lower house edge often have a higher minimum bet. Baccarat almost always has a high minimum bet since the house edge is relatively low. Often a casino will advertise a low minimum game as a teaser, a sign might read ''$2 blackjack 24 hours a day''. However, the $2 minimum game might be available at only one table and the payout might be 6:5 for a blackjack. Historically the attitude has changed about table limits. In t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yield Management
Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats or hotel room reservations or advertising inventory).Netessine, S. and R. Shumsky (2002),Introduction to the Theory and Practice of Yield Management INFORMS Transactions on Education, Vol. 3, No. 1 As a specific, inventory-focused branch of revenue management, yield management involves strategic control of inventory to sell the right product to the right customer at the right time for the right price. This process can result in price discrimination, in which customers consuming identical goods or services are charged different prices. Yield management is a large revenue generator for several major industries; Robert Crandall, former Chairman and CEO of American Airlines, gave yield management its name and has called it "the single most important technical developme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Edge
Games available in most casinos are commonly called casino games. In a casino game, the players gamble cash or casino chips on various possible random outcomes or combinations of outcomes. Casino games are also available in online casinos, where permitted by law. Casino games can also be played outside casino for entertainment purposes like in parties or in school competitions, some on machines that simulate gambling. Categories There are three general categories of casino games: gaming machines, table games, and random number games. Gaming machines, such as slot machines and pachinko, are usually played by one player at a time and do not require the involvement of casino employees to play. Tables games, such as blackjack or craps, involve one or more players who are competing against the house (the casino itself) rather than each other. Table games are usually conducted by casino employees known as croupiers or dealers. Random number games are based upon the selection of random ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baccarat (card Game)
Baccarat or baccara (; ) is a card game played at casinos. It is a comparing card game played between two hands, the "player" and the "banker". Each baccarat coup (round of play) has three possible outcomes: "player" (player has the higher score), "banker", and "tie". There are three popular variants of the game: ''punto banco'', ''baccarat chemin de fer'',"Baccarat" in ''Chambers's Encyclopædia''. London: George Newnes, 1961, Vol. 2, pp. 32-33. and ''baccarat banque'' (or ''à deux tableaux''). In ''punto banco'', each player's moves are forced by the cards the player is dealt. In ''baccarat chemin de fer'' and ''baccarat banque'', by contrast, both players can make choices. The winning odds are in favour of the bank, with a house edge of at least 1 percent. History The origins of the game are disputed, and some sources claim that it dates to the 19th century. Other sources claim that the game was introduced into France from Italy at the end of the 15th century by soldiers re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackjack
Blackjack (formerly Black Jack and Vingt-Un) is a casino banking game. The most widely played casino banking game in the world, it uses decks of 52 cards and descends from a global family of casino banking games known as Twenty-One. This family of card games also includes the British game of Pontoon, the European game, Vingt-et-Un and the Russian game 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'' 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 Seville. They are proficient at cheating at ''veintiuna'' (Spanish for "twenty-one") and state that the object of the gam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Low Roller
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. The definition of a high roller varies. At Crown Casino in Australia, for example, it involves bringing between AUD$50,000 and $75,000 to the table. High roller players often have very high table limits allowing the high roller exclusive use. Casinos compete on bet limits. In Australia limits of AUD$300,000 are common, in Las Vegas they are between US$150,000 and $300,000, and in Macau they are up to US$500,000. Only richer casinos can accommodate high-stakes gambling due to the volatili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grandfather Clause
A grandfather clause, also known as grandfather policy, grandfathering, or grandfathered in, is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have grandfather rights or acquired rights, or to have been grandfathered in. Frequently, the exemption is limited, as it may extend for a set time, or it may be lost under certain circumstances; for example, a grandfathered power plant might be exempt from new, more restrictive pollution laws, but the exception may be revoked and the new rules would apply if the plant were expanded. Often, such a provision is used as a compromise or out of practicality, to allow new rules to be enacted without upsetting a well-established logistical or political situation. This extends the idea of a rule not being retroactively applied. Origin Southern United States The term originated in late nineteenth-century legislation and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virtual Gaming Table
Virtual may refer to: * Virtual (horse), a thoroughbred racehorse * Virtual channel, a channel designation which differs from that of the actual radio channel (or range of frequencies) on which the signal travels * Virtual function, a programming function or method whose behaviour can be overridden within an inheriting class by a function with the same signature * Virtual machine, the virtualization of a computer system * Virtual meeting, or web conferencing * Virtual memory, a memory management technique that abstracts the memory address space in a computer * Virtual particle, a type of short-lived particle of indeterminate mass * Virtual reality (virtuality), computer programs with an interface that gives the user the impression that they are physically inside a simulated space * Virtual world, a computer-based simulated environment populated by many users who can create a personal avatar, and simultaneously and independently explore the world, participate in its activities and co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gaming Pit ...
Gaming may refer to: Games and sports The act of playing games, as in: * Legalized gambling, playing games of chance for money, often referred to in law as "gaming" * Playing a role-playing game, in which players assume fictional roles * Playing a tabletop game, any game played on a flat surface * Playing a video game, an electronic game with a video interface ** Esports, competing in eSports ** Video game culture Other uses *Gaming, Austria, an Austrian market town and municipality * Gaming the system, manipulating a system's rules to achieve a desired outcome See also * Gamble (other) * Game (other) * Gamer, a person who plays games, especially video games * History of games * Online gaming (other) Online gaming may refer to: * Online game, a game played over a computer network * Online gambling, gambling using the Internet See also * Gamble (other) * Game (other) * Gamer, a person who plays games, especially video ga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poker Palace
Poker Palace is a locals casino located at 2757 North Las Vegas Boulevard in North Las Vegas, Nevada, near Nellis Air Force Base. History The property was constructed in 1951, and initially operated as Bunny's Bar, popular among employees of the nearby Nellis Air Force Base. In April 1974, Marvin E. Coleman (also known as Mickey Coleman) and his wife, Laura Coleman, purchased of land, including the bar. The Colemans added a casino and reopened the property as the Poker Palace later that year. The casino was approximately and featured one blackjack table, two pool tables, eight slot machines, and one bar. In June 1979, the Colemans purchased an adjacent of land, directly east of the Poker Palace. In 1994, the Poker Palace became the first casino in the Las Vegas Valley to introduce a tax service within the property, an idea that was well received by customers. The concept was initially dismissed by other locals casinos for being unusual, but the Palace Station and Mahoney's Si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Nugget Las Vegas
The Golden Nugget Las Vegas is a luxury hotel and casino located in downtown Las Vegas, Nevada on the Fremont Street Experience. The property is owned and operated by Landry's, Inc. It has 2,419 hotel rooms. History The Golden Nugget was originally built in 1946, making it one of the oldest casinos in the city. Jackie Gaughan at one time owned a stake in the hotel as part of his many downtown properties.Gaughan changeover leaves workers a little melancholy ''Las Vegas Sun'', March 25, 2004, accessed May 16, 2012. bought a stake in the Nugget, which he increased so that, in 1973, he became the majority shareholder, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caesars Palace
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. Caesars Palace was founded in 1966 by Jay Sarno and Stanley Mallin, who sought to create an opulent facility that gave guests a sense of life during the Roman Empire. It contains many statues, columns and iconography typical of Hollywood Roman period productions including a statue of Augustus Caesar near the entrance. Caesars Palace is now owned by Vici Properties and operated by Caesars Entertainment. As of July 2016, the hotel has 3,960 rooms and suites in six towers and a convention facility of over . The hotel has a large range of restaurants. Among them are several which serve authentic Chinese cuisine to cater to wealthy East Asian gamblers. From the outset, Caesars Palace has been oriented towards attracting high rollers. The modern casino ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tom Breitling
Thomas Breitling (born June 19, 1969) is an American entrepreneur. Early life Breitling was born in St. Paul, Minnesota. His father became a pilot for Northwest Airlines after serving in the United States Air Force. His mother was a nurse. Breitling was educated at St. John the Baptist in Savage, Minnesota through the eighth grade. He then went on to the Academy of Holy Angels in Richfield, Minnesota, where he attended high school and played basketball. He then went on to study at the University of San Diego, California. He was a member of the Sigma Pi fraternity, and graduated with a degree in Communications, with a minor in Business Administration, in 1991. Career Breitling began as a weatherman for KHIZ, then was promoted to sports anchor. In 1993 Tim Poster asked him to help him run his startup company, Las Vegas Reservation Systems. Breitling served as its vice president until he co-founded Travelscape.com in March 1998. Travelscape.com grossed $104 million in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
