Casino Giant Harrah’s Weighs Buyout
Two private equity firms offer $15.1 billion for the casino operator Harrah’s Entertainment. At $81 a share in cash, the offer’s premium is more than 20 percent over Harrah’s closing price Friday. Harrah’s said it hasn’t determined whether the proposed deal is in stockholders’ best interests.
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Casino gambling facts:
- 1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel. - If you have even seen a Baccarat player bend the cards and make a fold in them, don't be surprised. This is common because once the decks in the card shoe are finished in Baccarat, they are usually thrown away. In Baccarat, do not bet on a tie hand.
- When playing blackjack, always split Aces and never split 4's, 5's or Tens. You would be surprised at how many players split Tens. Why risk getting a lower hand when you already have a twenty value? Also note that at most casinos, you are not allowed to re-split Aces.
- The most significant forms of illegal gambling in the United States are numbers, betting with bookmakers or bookies, and sports pools or sports cards.
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